Other Post-Employment Benefits (OPEB. The City will provide access to the City’s health insurance plan for retired employees hired on or after July 1, 2012. This coverage will be made available to the employee until the employee becomes Medicare eligible, to the spouse until the spouse becomes Medicare eligible and for a child until the child no longer meets legal eligibility guidelines. The City shall not be responsible for any costs associated with retiree health care insurance coverage including Medicare and supplement to Medicare insurance.
Other Post-Employment Benefits (OPEB. The City and Local 1909 recognize the need to fund retiree medical. As such, beginning with the pay period that includes July 1, 2018, employees represented by Local 1909 shall contribute one percent (1%) of base salary (excluding all special pays, allowances and overtime), to an irrevocable trust to fund the unfunded retiree medical obligations. The contribution made by employees to the trust fund shall be exclusively allocated for the expense of retiree healthcare of its members.This provision shall remain in effect until such time that a successor agreement has been negotiated.
Other Post-Employment Benefits (OPEB. Post employment benefits other than pension benefits. Other post employment benefits include healthcare benefits and all post employment benefits provided separately from a pension plan, excluding benefits defined as termination offers and benefits.
Other Post-Employment Benefits (OPEB. As identified in section 5.1 above, effective January 1, 2017 unit members shall contribute two percent (2%) of their base salary toward the irrevocable medical trust account to fund the liability related to retiree medical cost. All employees represented by this bargaining unit not eligible for the District’s retiree medical plan (through CalPERS) are currently paying 4% payroll contribution towards OPEB. The District will cease the 4% payment effective July 1, 2022, scheduled pay date for all employees not eligible for OPEB. Contributions made toward the trust shall be on a pre-tax basis.
Other Post-Employment Benefits (OPEB. Pursuant to the Side Letter Agreement # 2018-04, employees contribute three percent (3%) of their base salary toward the irrevocable medical trust account to fund the liability related to retiree medical costs. Effective July 1, 2021, employees shall contribute an additional one-and-a-half percent (1.5%) of their base salary toward the irrevocable medical trust account to fund the liability related to retiree medical cost, in exchange for an annual $2.4 million by the District to the OPEB trust for District-wide share. Contributions made toward the trust shall be on a pre-tax basis.
Other Post-Employment Benefits (OPEB. Each new employee beginning June 30, 2019 will contribute 2% of their gross pay to the Town’s OPEB Trust Fund account. This payment will be a direct debit from the employee’s payroll.
Other Post-Employment Benefits (OPEB. Effective Nov 1, 2022, members of the police department shall contribute the following 1.75% percentage of the member’s salary toward the “Other Post Employment Benefits” (OPEB) obligation of the City.
Other Post-Employment Benefits (OPEB. The State of California is responsible for setting Other Post-Employment Benefits ("OPEB") for all State employees. The current methodology is to pay these costs upfront, through an appropriation in the annual Budget Act, and annually assess participating employers, including State Fund, for their proportionate share of OPEB benefits paid. This is done on a pro-rata basis for existing retirees, and the assessment amounts attributable to employees that currently service this Agreement are included in the annual Service Fees paid under this Agreement. At this point in time, the State of California does not have a statewide policy to prefund OPEB. In the event the State of California decides to prefund OPEB on behalf of employees that directly support this Agreement, these costs would be included in the Service Fees. CalHR, on behalf of the State of California, agrees not to request State Fund to pay OPEB prefunding costs on behalf of employees who directly support this Agreement, and agrees to reimburse or make whole State Fund if the State of California requires prefunding of OPEB.
Other Post-Employment Benefits (OPEB. Members of the Fire Department effective November 1, 2022 shall contribute two (2%) percent of the members' salary toward the "Other Post Employment Benefits" (OPEB) obligation of the City. OPEB Funds shall be deposited into a restricted, investment bearing account.
Other Post-Employment Benefits (OPEB. In an effort to maintain fiscal solvency, the City will reduce post-employment benefit obligations in the following manner:
