Common use of POST EMPLOYMENT HEALTH PLAN (PEHP) Clause in Contracts

POST EMPLOYMENT HEALTH PLAN (PEHP). 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 PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, 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 for each eligible employee. Additionally, upon retirement, death or reduction in force the employee’s sick leave payout into PEHP will be in accordance with the provisions of Article 14, Section 1 (E).

POST EMPLOYMENT HEALTH PLAN (PEHP). 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 PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, the amount of dollars paid into the employee's PEHP universal account by the City on behalf of the employee shall be $30.00 25.00 per pay period for each eligible employee. Additionally, upon retirement, death or reduction in force the employee’s sick leave payout into PEHP will be in accordance with the provisions of Article 14, Section 1 (E).

POST EMPLOYMENT HEALTH PLAN (PEHP). 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 PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, the amount of dollars paid into the employee's PEHP universal account by the City on behalf of the employee shall be $30.00 25.00 per pay period for each eligible employee. AdditionallyIn addition, upon retirement, death or reduction in force one-half (½) of the employee’s 's accrued sick leave payout balance shall be paid into the employee's PEHP will be in accordance with the provisions of Article 14, Section 1 (E)premium account.