POST EMPLOYMENT HEALTH PLAN. The City shall provide a Post Employment Health Plan which allows for the accumulation of funds for the future payment of medical expenses and premiums. The amount of dollars paid into the employee=s PEHP universal account by the City on behalf of the employee shall be $30.00 per pay period. Upon retirement, death, or a reduction in force, the employee=s sick leave payout shall be added (paid) into the employee=s PEHP premium account.
POST EMPLOYMENT HEALTH PLAN. Commencing the first full pay period following May 1, 2005, and continuing thereafter, each pay period covered members shall contribute 1% of their base salary into the ICMA Post Employment Health Plan (PEHP). The City shall transfer the funds to the PEHP at no additional cost to the covered member; however service or other fees assessed directly to the covered member from the plan are paid for by the covered member through their own individual accounts.
POST EMPLOYMENT HEALTH PLAN. A. The parties to this Agreement agree to participate in the Post Employment Health Plan (PEHP) in accordance with the terms and conditions of the Plan’s Participation Agreement for each eligible employee of the Union. The PEHP Program is a Voluntary Employees’ Beneficiary Association (VEBA) Trust under Section 501(c)(9) of the Internal Revenue Code, and shall be administered by Nationwide Retirement Solutions and will define who is eligible to participate in the plan.
POST EMPLOYMENT HEALTH PLAN. The Town of Normal agrees to cooperate in establishing a Public Safety Retirement Health Savings Plan for all employees covered by this Agreement effective March 1, 2008. Contributions to individual employee Public Safety Retirement Health Savings accounts shall be made in accordance with the terms of the Agreement and as authorized by the Internal Revenue Code. The parties agree to mutually select the ICMA-RC Public Safety Retirement Health Savings Plan as the Public Safety Retirement Health Savings Plan. Such plan and trust documents shall be mutually acceptable to the parties. In the event the parties are unable to agree on the Plan and trust documents the matter will be submitted to interest arbitration. Effective October 1, 2011, the Town is authorized and shall deduct 1% of each firefighter’s annual salary and pay such amount as a contribution on behalf of the employee in the employee’s Public Safety Retirement Health Savings account. Payment shall be made on a biweekly basis from each paycheck by dividing the annual contribution amount by 26 pay periods.
POST EMPLOYMENT HEALTH PLAN. (a) The City agrees to participate in the Post Employment Health Plan (PEHP), Health Care Insurance Premium Sub-account, for Collectively Bargained Public Employees (Plan) in accordance with the terms and conditions of the Plan’s Participation Agreement, a copy of which has been provided to the City. The Plan Administrator for the Plan shall be mutually agreed upon by the City and the Union and the City agrees to contribute to the Plan as set forth in this Article.
POST EMPLOYMENT HEALTH PLAN. The City of Marshfield (“Employer”) agrees to participate in the Post Employment Health Plan for Collectively Bargained Public Employees (“Plan”) in accordance with the terms and conditions of the Plan’s Participation Agreement. The parties hereto designate Nationwide Retirement Solutions to act as Administrator and LaSalle National Bank to act as Trustee for the Plan, or its successors appointed in accordance with the Plan and Trust documents. The City agrees to establish a Post Employment Health Plan (PEHP) in accordance with applicable sections of the Internal Revenue Service Code with the City paying any administration costs. Beginning on July 1, 2008 the City will contribute $400.00 per year to a PEHP account for each Officer. Contributions will be made in equal pay periods. Both contributions are non-pensionable under the Wisconsin Retirement System.
POST EMPLOYMENT HEALTH PLAN. Effective July 1, 2006, the City and each eligible employee will both contribute, on a non-elective basis, $15.00 per month to Nationwide Retirement Solutions for the Post Employment Health Plan (PEHP) to assist employees with post employment medical expenses as authorized under Internal Revenue Code § 501 (c) (9). All employees represented by the Union shall participate. There shall be no individual election by the employee.
POST EMPLOYMENT HEALTH PLAN. The County shall contribute $21 per pay period toward the Post Employment Health Plan on behalf of each employee. These contributions shall accumulate in a trust account for the payment of qualified medical expenses incurred after leaving employment. Additionally, the County shall pay the annual administrative fee associated with this program.
POST EMPLOYMENT HEALTH PLAN. The City shall provide a Post Employment Health Plan which allows for the accumulation of funds for the future payment of medical expenses and premiums. The amount of dollars paid into the employee=s PEHP universal account by the City on behalf of the employee shall be $30.00 per pay period. Upon retirement, death, or a reduction in force, the employee=s sick leave payout shall be added (paid) into the employee=s PEHP premium account. If any provision of this Agreement is subsequently declared by legislative or judicial authority to be unlawful, unenforceable, or not in accordance with applicable statutes, all other provisions of this Agreement shall remain in full force and effect for the duration of this Agreement and the parties shall meet as soon as possible to agree on a substitute provision. However, if parties are unable to agree within thirty (30) days following commencement of the initial meeting, then the matter shall be postponed until contract negotiations are reopened.
POST EMPLOYMENT HEALTH PLAN. The City agrees to establish a Post Employment Health Plan (PEHP) in accordance with applicable sections of the Internal Revenue Service Code, for accrued sick leave conversion (130 maximum) at the time of retirement. The City agrees to pay the administration fee. In addition, employees will be required to “convert” unused vacation time (upon retirement) into their individual PEHP account.
