Retiree Health Care Savings Plan Sample Clauses

Retiree Health Care Savings Plan. Employees who are not eligible to participate in the Employer’s Retiree Health Care Plan shall participate in the Employer’s Retirement Health Savings Plan, subject to the terms and conditions of that Plan. Commencing with the beginning of the employee’s service, the employee shall contribute three percent (3%) of base pay bi-weekly through automatic payroll deduction. The Employer will contribute an additional five percent (5%) of base pay to the plan.
Sample 1Sample 2
AutoNDA by SimpleDocs
Retiree Health Care Savings Plan. Employees hired prior to September 7, 2011, will continue to be eligible for Retiree Medical Benefits as defined in the Labor Agreement. Employees hired September 7, 2011, or later will not be eligible for Retiree Medical Benefits described in paragraph (d) above. Employees hired September 7, 2011, and later will be enrolled in a Retiree Health Care Savings Plan (RHSCP). The RHCSP will have the following features:
Sample 1
Retiree Health Care Savings Plan. The Manager shall be entitled to retiree health care savings plan as outlined in Section 2.04(D)(6) of the City of Springfield Personnel Policies. The Manager shall not be entitled to City-provided health insurance at retirement.
Sample 1
Retiree Health Care Savings Plan. Effective July 1, 2011, all teachers who have accumulated more than 90 days of sick leave at the end of the current school year will be reimbursed for their accumulated sick leave pursuant to the provisions of this section.
Sample 1

Related to Retiree Health Care Savings Plan

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • 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:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

Time is Money Join Law Insider Premium to draft better contracts faster.