RETIREE HEALTH SAVINGS PLAN. Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.
RETIREE HEALTH SAVINGS PLAN. Employees covered by this Agreement shall have their base pay rate reduced by 1.5% and the employer shall contribute such amount to the Retiree Health Savings (RHS) plan adopted by the City Commission.
RETIREE HEALTH SAVINGS PLAN. The Agency shall contribute twenty-five ($25.00) dollars monthly to the employee’s RHSP.
RETIREE HEALTH SAVINGS PLAN. Effective the first pay period after Board approval of the 2018-21 labor agreement, the County will discontinue contributing to the Retiree Health Savings Plan (RHSP). Existing contributions will remain in employees accounts and access to funds are subject to existing procedures and requirements.
RETIREE HEALTH SAVINGS PLAN. 4501 Senior Management Association Retiree Health Savings Plan Contributions
A. Direct Employer Contribution:
RETIREE HEALTH SAVINGS PLAN. The County shall continue a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.
RETIREE HEALTH SAVINGS PLAN. Pursuant to Resolution 2009-38 the City shall make available to all represented employees a retiree health savings plan (RHSP) administered by MissionSquare. The City’s role in the HRS Plan is limited to making payroll deductions from the employee’s payroll earnings and transmitting contributions to MissionSquare. The City will not have any fund safekeeping responsibilities. Plan design, eligibility, participation, and funding for the RHS Plan are wholly the responsibility of the LAPOA. Currently post-probationary employees contribute $50.00 pre-tax from their payroll earnings per pay period. Effective July1, 2023, the City will contribute to each employee’s RHSP account an amount based on continuous years of service at the City as follows: 5-10 $50.00 10+ $75.00 For probationary employees, the City’s contribution will vest upon successful completion of probation.
RETIREE HEALTH SAVINGS PLAN. The City will make available to all employees a retiree health savings plan (RHSP) administered by ICMA-RC. Effective January 1, 2022, the City will contribute to each employee’s RHSP account an amount based on continuous years of service at the City as follows: 5-10 $35.00 10+ $45.00 For probationary employees, the City’s contribution will vest upon successful completion of probation.
RETIREE HEALTH SAVINGS PLAN. The employee shall make a contribution of $44 per month to a Retiree Health Savings (RHS) account for each employee effective July 12, 2009. This provision is separate and distinct from any other provision set forth in this Article. When an employee separates from the City at the normal retirement age set forth in the RHS plan (currently 50) or older, the value of their unused leave accruals that would normally be paid out to them under this MOU shall instead be placed into their RHS account.
RETIREE HEALTH SAVINGS PLAN. Employees hired or transferred after January 1, 2011, who are not eligible for retiree health care, shall be eligible to participate in a Retiree Health Saving Plan. The City will contribute 6% of an employee’s gross wages on a bi-weekly basis, into a self-directed, qualified plan, that shall be transportable and provide 50% vesting after ten (10) years of employment, with a 5% annual increase until the employee is 100% vested after twenty (20) years of employment. An employee who receives a duty-disability retirement as the result of an injury shall be considered to have achieved 20 years of service and will be 100% vested in the Retiree Health Savings Plan at the time of their duty-disability retirement. Accordingly, the dependent of an employee who is killed while on-duty and performing his/her duties will be 100% vested in the Retiree Health Savings Plan.
