Retiree Health Savings Program. Effective January 1, 2009, employees may participate in the County of Xxxxxxxxxx Retiree Health Savings Program which may be amended from time to time, and except as provided in this Agreement. An employee may participate through voluntary payment made to the employee's 457 plan or such other plan which might be established by the Employer for purposes of this program. The Retiree Health Savings Program is eliminated for employees hired on or after January 1, 2011. The employer contribution match of employee contributions shall be subject to the following maximum limitations in each calendar year of participation: First five (5) years of service with the Employer - Up to $350 per year (a pro-rated amount contributed quarterly). Beginning with the sixth (6th) year of service with the Employer until termination of participation - Up to $1,000 per year (a pro-rated amount contributed quarterly). The employer contribution amounts will be adjusted annually consistent with the Court bargaining unit salary schedule adjustment, beginning in 2010.
Retiree Health Savings Program. Fulltime employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.5% of their salary placed into an RHS account. The increase from 1.0% to 1.5% will begin upon ratification of this 2020-2023 Agreement by both parties. Pre-tax contributions shall be placed into the individual accounts at the beginning of each quarter, with payroll deductions occurring on a per- pay period basis.
Retiree Health Savings Program. Effective January 1, 2009, employees may participate in the County of Xxxxxxxxxx Retiree Health Savings Program which may be amended from time to time, and except as provided in this agreement. An employee may participate through voluntary payment made to the employee's 457 plan or such other plan which might be established by the employer for purposes of this program. The employer contribution match of employee contributions shall be subject to the following maximum limitations in each calendar year of participation: First five (5) years of service with the Employer - Up to $350 per year (a pro-rated amount contributed quarterly). Beginning with the sixth (6th) year of service with the Employer until termination of participation - Up to $1,000 per year (a pro-rated amount contributed quarterly). The employer contribution amounts will be adjusted annually consistent with the Court bargaining unit salary schedule adjustment, beginning in 2010.
