Common use of RETIREE HEALTH BENEFIT TRUST Clause in Contracts

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.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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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 Effective July 1, 2022, the City currently contributes shall contribute $150.69 360.88 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.

Appears in 1 contract

Samples: Memorandum of Understanding

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