Common use of RETIREE HEALTH SAVINGS PLAN Clause in Contracts

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 City will shall 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.