Common use of Post Employment Health Care Savings Plan Clause in Contracts

Post Employment Health Care Savings Plan. Employees are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. All funds collected by the employer on the behalf of the employee will be deposited into the employee’s post-employment health care savings plan. The following arrangement shall apply to all employees within this bargaining unit. Eligible employees may opt out of the plan if eligible under current rules or law: • Employees with 0 years through 9 years of service shall contribute 1% of pay. • Employees with 10 years through 19 years of service shall contribute 2% of pay. • Employees with 20 or more years of service shall contribute 3% of pay. Upon separation from employment, 100% of unused vacation and sick leave exit pay will be contributed to the employee’s HCSP.

Appears in 2 contracts

Samples: Labor Agreement, Labor Agreement

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Post Employment Health Care Savings Plan. Employees 32.1 L.E.L.S Local 69 employees are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. All funds collected by the employer on the behalf of the employee will be deposited into the employee’s post-employment health care savings plan. The following arrangement shall apply to all employees within this bargaining unitgroup. Eligible employees may opt out of the plan if eligible under current rules or law: . • Employees with 0 years through 9 years the 9th year of service shall contribute 1% of pay. • Employees with 10 years through 19 years the 19th year of service shall contribute 2% of pay. • Employees with 20 or more years of service shall contribute 3% of pay. Upon separation from employment, employment 100% of unused vacation and sick leave exit pay will be contributed to the employee’s HCSP.

Appears in 1 contract

Samples: Labor Agreement

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Post Employment Health Care Savings Plan. Employees 33.1 L.E.L.S Local 69 employees are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. All funds collected by the employer on the behalf of the employee will be deposited into the employee’s post-employment health care savings plan. The following arrangement shall apply to all employees within this bargaining unitgroup. Eligible employees may opt out of the plan if eligible under current rules or law: • .  Employees with 0 years through 9 years the 9th year of service shall contribute 1% of pay. Employees with 10 years through 19 years the 19th year of service shall contribute 2% of pay. Employees with 20 or more years of service shall contribute 3% of pay. Upon separation from employment, employment 100% of unused vacation and sick leave exit pay will be contributed to the employee’s HCSP.

Appears in 1 contract

Samples: Labor Agreement

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