RETIREE HEALTH BENEFIT TRUST Sample Clauses

RETIREE HEALTH BENEFIT TRUST. 1. A Trust fund to help pay medical, dental, and/or vision benefits shall be established and maintained on behalf of eligible retirees. Eligible retirees shall be those employees represented by Local 1021 (formerly Local 790) and CSEA bargaining units who retire from District employment after July 1, 1990 and meet the qualification requirements of paragraph 9, also set forth in paragraph IV of the Trust.
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RETIREE HEALTH BENEFIT TRUST. Local 1109 established the Santa Xxxxxx Firefighters Association Health Benefit Trust (“Trust”) for the administration of a retiree health benefit and for mandatory contributions on behalf of all employees in Local 1109, including employees previously in Local 1109 who have promoted to a higher classification that is outside Local 1109. The City does not participate in the administration of the Trust. The City currently contributes $150.69 per month on behalf of each eligible employee into a trust established and administered by Local 1109 in accordance with federal and state laws (the “Trust”). The Trust funds are used to reimburse all or part of the health insurance premiums for eligible retirees and dependents. Local 1109 is responsible for all costs associated with administering the trust. The City is not responsible for any tax liability associated with contributions to or payments made from the Trust. The bi- weekly contribution for an active employee will only be made for each month that the employee is eligible to receive medical insurance coverage under the City-provided medical insurance program. This provision also applies on behalf of each eligible active employee represented by Local 1109 as determined by the Trust. Only those employees who have been a member of Local 1109 are eligible for participation in the Trust.

Related to RETIREE HEALTH BENEFIT TRUST

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

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