Common use of PRE-TAX FUNDING FOR POST RETIREMENT MEDICAL EXPENSES Clause in Contracts

PRE-TAX FUNDING FOR POST RETIREMENT MEDICAL EXPENSES. The City will provide a deferred compensation account for post- retirement, medical expenses. The maximum cost to the City shall be the initial start-up fee ($500), the annual fee (currently $600), and the individual ’s cost of the plan (currently $2.00 per month). An open enrollment shall take place each year in late August or early September.

PRE-TAX FUNDING FOR POST RETIREMENT MEDICAL EXPENSES. The City will provide a deferred compensation account for post- retirement, post retirement medical expenses. The maximum cost to the City shall be the initial start-up fee ($500), the annual fee (currently $600), and the individual ’s cost of the plan (currently $2.00 per month). An open enrollment shall take place each year in late August or early September.