Retiree Health Care Fund Sample Clauses
Retiree Health Care Fund. The Court shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." Employees who are not eligible to participate in the Retiree Health Care Plan are not required to contribute to the Retiree Health Care Fund. Effective January 1, 2011 all employees hired prior to July 1, 2006 are required to contribute 3.0% of their bi-weekly base pay to this fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves County employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Court.
Retiree Health Care Fund. The Employer shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." Employees who are not eligible to participate in the Retiree Health Care Plan are not required to contribute to the Retiree Health Care Fund. Employees who were hired prior to January 1, 2011 are required to contribute three (3%) percent of their bi-weekly base pay to the fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves County employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer.
Retiree Health Care Fund. The City of Mt. Pleasant Police Retiree Health 3 Care Fund (the “Fund”) shall be established under the authority of the 4 Public Employee Health Care Fund Investment Act, Public Act 149 of 5 1999, for the purpose of providing health insurance benefits for the 6 welfare of the Retirees of the City who are eligible to receive a retirement 7 benefit from the City of Mt. Pleasant Police and Fire Retirement System 8 (Act 345). A written Retiree Health Care Plan document shall be prepared 9 after adoption of this Section, which shall contain provisions regarding the 10 establishment of the Fund, benefit eligibility and coverage, contributions to 11 the Fund, investment of Fund Assets and Administration of the Plan and 12 the Fund. The Pension Board of the City of Mt. Pleasant Police and Fire 13 Retirement System shall be designated as the investment fiduciary of the
Retiree Health Care Fund. The County shall establish a separate fund called the "Retiree Health Care Fund." The County shall annually budget sufficient funds to contribute to the Retiree Health Care fund, based upon the actuarially determined amount to be reserved for the future cost of retiree health care premiums. Effective the first payroll in July 2013 all employees in this bargaining unit who are eligible to participate in the Retiree Health Care Plan, shall contribute 3.0% of their bi-weekly base pay to the Retiree Health Care Fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the County.
Retiree Health Care Fund. The Employer shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." The Employer shall annually budget sufficient funds to contribute to the Retiree Health Care fund, based upon the actuarially determined amount to be reserved for the future cost of retiree health care premiums. All persons hired by the Employer on or after October 1, 2007 shall not be required to make contributions to the Retiree Health Care Fund as referenced in this Section. Employees who were hired prior to October 1, 2007 are required to contribute three (3%) percent of their bi-weekly base pay to this fund. Such monies shall be deposited into the “Retiree Health Care Fund” to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer.
Retiree Health Care Fund. The Employer shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." Effective September 2, 2005, new hires and those employees who are on payroll but not presently eligible to participate in the program, will not be required to contribute to the Retiree Health Care Fund. Employees who were hired prior to September 2, 2005 are required to contribute three percent (3%) of their bi-weekly base pay to the fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and eligible dependents*. If the employee quits or leaves County employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer.
Retiree Health Care Fund. The Employer or its designee shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." Employees who are not eligible to participate in the Retiree Health Care Plan are not required to contribute to the Retiree Health Care Fund. Employees who were hired prior to August 28, 2007 are required to contribute three percent (3%) of their bi-weekly base pay to this fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and eligible dependents*. If the employee quits or leaves employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer.
Retiree Health Care Fund. The Employer shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." The Employer shall annually budget sufficient funds to contribute to the Retiree Health Care fund, based upon the actuarially determined amount to be reserved for the future cost of retiree health care premiums. All employees hired prior to September 13, 2005 are required to contribute three (3%) percent of their bi-weekly base pay to this fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves County employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer. Effective September 13, 2005, new hires and those employees who are on the payroll but not eligible to participate in the Retiree Health Care Plan will not be required to contribute to the Retiree Health Care Fund.
Retiree Health Care Fund. The Employer shall establish a separate fund called the "Retiree Health Care Fund." The Employer shall annually budget sufficient funds to contribute to the Retiree Health Care fund based upon the actuarially determined amount to be reserved for the future cost of retiree health care premiums. Effective the first payroll paid in April, 2013 all employees in this bargaining unit who are eligible to participate in the Retiree Health Care shall contribute 3.0% of their bi-weekly base pay to the Retiree Health Care Fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Employer.
Retiree Health Care Fund. The Court or its designee shall begin to immediately pre-fund the Retiree Health Care Plan by establishing a separate fund called the "Retiree Health Care Fund." Employees who are not eligible to participate in the Retiree Health Care Plan are not required to contribute to the Retiree Health Care Fund. Employees who were hired prior to October 28, 2003 are required to contribute three percent (3%) of their bi-weekly base pay to the fund. Such monies shall be deposited into the "Retiree Health Care Fund" to fund future health care benefits for the retiree, spouse and *eligible dependents. If the employee quits or leaves employment for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the Retiree Health Care Fund, along with the accumulated interest thereon as determined by the Court. Employees who are hired on or after August 24, 2004 and those employee’s who are on the payroll but not presently eligible to participate in the program, will not be required to contribute to the Retiree Health Care Fund.