Common use of POST EMPLOYMENT HEALTH PLAN Clause in Contracts

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. B. Each eligible employee will contribute $20.00 (twenty dollars) pre-tax from each pay check to their VEBA account. C. Upon separation of employment, including for retirement, the Employer shall contribute the value of 100% of any eligible employee’s unused vacation leave and holiday accruals and the applicable percentage of unused sick leave accruals in accordance with Article 12 into the employee’s VEBA account. D. Employees who are already eligible for fully paid family retiree medical benefits shall not be eligible for the Plan. E. The Nationwide PEHP is governed by an Advisory Committee comprised of one employer representative and one employee representative. The City and Union will choose their own representative. Either representative may be unilaterally withdrawn, by their sponsoring party, at any time in the future. The other side must be notified in writing of the withdrawal and replacement representative.

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)(9501(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. B. Each eligible employee will contribute $20.00 (twenty dollars) pre-tax from each pay check to their VEBA account. C. Upon separation of employment, from employment including for retirement, the Employer shall contribute the value of 100% of any eligible employee’s unused vacation leave and holiday accruals and the applicable percentage of unused sick leave accruals in accordance with Article 12 into the employee’s VEBA account. D. Employees who are already eligible for fully paid family retiree medical benefits shall not be eligible for the Plan. E. The Nationwide PEHP is governed by an Advisory Committee comprised of one employer representative and one employee representative. The City and Union will choose their own representative. Either representative may be unilaterally withdrawn, by their sponsoring party, at any time in the future. The other side must be notified in writing of the withdrawal and replacement representative.

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. B. Each Starting with the first pay period for Fiscal Year 2017, each eligible employee will contribute $20.00 (twenty dollars) pre-tax from each pay check to their VEBA account. C. Upon separation of employment, including for retirement, the Employer shall contribute the value of 100% of any eligible employee’s unused vacation leave and holiday accruals and the applicable percentage 25% of unused sick leave accruals in accordance with Article 12 into the employee’s VEBA account. D. Employees who are already eligible for fully paid family retiree medical benefits shall not be eligible for the Plan. E. The Nationwide PEHP is governed by an Advisory Committee comprised of one employer representative and one employee representative. The City and Union will choose their own representative. Either representative may be unilaterally withdrawn, by their sponsoring party, at any time in the future. The other side must be notified in writing of the withdrawal and replacement representative.