Common use of Retiree Health Coverage Clause in Contracts

Retiree Health Coverage. The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or his or her surviving spouse an amount equivalent to the two party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Memorandum of Understanding for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or his or her surviving spouse is based on the following schedule: Years of Service Percentage to be Paid by the City 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 Years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate

Retiree Health Coverage. The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or his or her surviving spouse an amount equivalent to the two party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Memorandum of Understanding for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or his or her surviving spouse is based on the following schedule: Years of Service Percentage to be Paid by the City 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate Years of Service Percentage to be Paid by the City 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 Years years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate

Retiree Health Coverage. ‌ The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or his or her surviving spouse an amount equivalent to the two party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Memorandum of Understanding for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or his or her surviving spouse is based on the following schedule: Years of Service Percentage to be Paid by the City 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 Years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate

Retiree Health Coverage. The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or his or her their surviving spouse an amount equivalent to the two two- party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Memorandum of Understanding Agreement for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or his or her their surviving spouse is based on the following schedule: Years of Service Percentage to be Paid by the City 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 Years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate