Retiree Benefit. Any represented employee who has ten (10) years or more of service with the City in either a permanent full-time or permanent part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as he/she maintains his/her enrollment in a PEMHCA health plan for represented employee and one dependent the following benefit: the lesser of a monthly payment of four hundred twenty-five and forty-two cents ($425.42) or one hundred percent (100%) of the represented employee’s PEMHCA plan premium computed by combining the provisions of Section 8.2 above with this benefit. These payments shall be made on a quarterly basis. The obligations set forth in this subsection shall be subject to the following conditions:
Appears in 3 contracts
Samples: Confidential Management Employees, Confidential Management Employees, Confidential Management Employees
Retiree Benefit. Any represented employee who has ten (10) years or more of service with the City in either a permanent full-time or permanent part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as he/she maintains his/her enrollment in a PEMHCA health plan for represented employee and one dependent the following benefit: the lesser of a monthly payment of four hundred twenty-five and forty-two cents ($425.42) or one hundred percent (100%) of the represented employee’s PEMHCA plan premium computed by combining the provisions of Section 8.2 above with this benefit. These payments shall be made on a quarterly basis. The obligations set forth in this subsection shall be subject to the following conditions:
Appears in 2 contracts
Samples: Confidential Management Employees, Confidential Management Employees
