Common use of Post-Retirement Medical Clause in Contracts

Post-Retirement Medical. The Company has established two separate trusts to assist retirees of TMWA with the payment of premiums for post-retirement medical and group life insurance. The first trust is referred to as “The Truckee Xxxxxxx Water Authority Post-Retirement Medical Plan & Trust,” and was established as a Voluntary Employees' Benefit Association under Section 501(c)(9) of the Internal Revenue Code of 1986, as amended (Code), and is referred to herein as the VEBA Trust. The second trust is referred to as the “Truckee Xxxxxxx Water Authority OPEB Trust Fund,” and was established under Code Section 115, and is referred to herein as the 115 Trust. The following is provided for informational purposes only and should not be interpreted as amending or modifying the terms of the VEBA Trust or the 115 Trust, the post-retirement benefits stated therein, or the Company's obligations under the Trusts. If information provided in their Title 22.2 contradicts or conflicts with the terms of the Trusts, or any amendments thereto, then the terms of the Trust are to control.

Post-Retirement Medical. The Company has established two separate trusts to assist retirees of TMWA with the payment of premiums for post-retirement medical and group life insurance. The first trust is referred to as “The Truckee Xxxxxxx Water Authority Post-Retirement Medical Plan & Trust,” and was established as a Voluntary Employees' ’ Benefit Association under Section 501(c)(9) of the Internal Revenue Code of 1986, as amended (Code), and is referred to herein as the VEBA Trust. The second trust is referred to as the “Truckee Xxxxxxx Water Authority OPEB Trust Fund,” and was established under Code Section 115, and is referred to herein as the 115 Trust. The following is provided for informational purposes only and should not be interpreted as amending or modifying the terms of the VEBA Trust or the 115 Trust, the post-retirement benefits stated therein, or the Company's ’s obligations under the Trusts. If information provided in their Title 22.2 contradicts or conflicts with the terms of the Trusts, or any amendments thereto, then the terms of the Trust are to control.