Common use of RETIREE HEALTH SAVINGS PLAN Clause in Contracts

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. (RHS) 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. 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.