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. 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. 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. 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. A. 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.
B. Upon the establishment of a Retiree Medical Trust in accordance with Section 6.12 of this agreement, the employee contribution pursuant to Section 6.11(A) shall be discontinued.
C. The establishment of a Retiree Medical Trust does not absolve the City from paying employees that retired prior to December 31, 2023, Section 6.10(A), or the PEMCHA minimum for employees that retire on or after January 1, 2024, Section 6.10(B).
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. Each new employee hired on or after January 1, 2019 will contribute 2% of their gross pay (base [forty (40) hours straight- time pay per week] and longevity) to the Town’s OPEB Trust Fund account. This payment will be a direct debit from the employee’s weekly 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. For the period of this Agreement, contributions made by Patrol Members toward the prefunding of Other Post Employment Benefits pursuant to Government Code Section 22944.3, as identified in a) and b) below shall be temporarily redirected as an employee contribution toward retirement for a total of two percent (2%). This contribution will be in addition to the eight percent (8%) employee contribution toward retirement identified in Section 37, Retirement Benefits, of this Agreement, for a combined contribution of 10% for the duration of this Agreement.
a. Any amount that would otherwise be used to permanently increase compensation pursuant to section 19827, effective on July 1, 2009, and on July 1, 2010, shall instead be used to permanently prefund post employment health care benefits for patrol members. The amount used to prefund benefits relative to any increases under the survey methodology effective July 1, 2010 shall not exceed two percent (2%). The state shall take credit for these prefunding contributions in the survey methodology established in Government Code section 19827 in the same manner as it would for an increase to the base salary for patrol members.
b. Patrol members shall contribute and additional 0.5 percent (0.5%) of base pay toward prefunding retiree health benefit obligations effective on the first day of the pay period following the effective date of the act adding this section and the ratification of the addendum by the members of State Bargaining Unit 5. This contribution shall not reduce the base salary of patrol members under the survey methodology established by Government Code section 19827.
c. Effective July 1, 2013, the state shall contribute toward prefunding retiree health benefits, on a prospective basis, an amount at least equal to the combined contribution rate established pursuant to subdivisions (a) and (b). These contributions may be used in the survey methodology established by Government Code section 19827 if mutually agreed in a memorandum of understanding.
d. Contributions paid pursuant to this section shall be used exclusively for the cost of providing post employment health care to eligible enrolled patrol member annuitants and their eligible enrolled dependents, beneficiaries and survivors.
e. Contributions paid pursuant to this section shall not be refundable under any circumstances to a patrol member or his or her beneficiary or survivor.
f. Any amount used to prefund post employment health care for patrol memb...
Other Post-Employment Benefits (OPEB. In an effort to maintain fiscal solvency, the City will reduce post-employment benefit obligations in the following manner:
