Retiree Health Savings Program. Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing two percent (2%) of their salary placed into an RHS account. 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Retiree Health Savings Program. Employees Fulltime employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing two percent (2%) 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-per- pay period basis.basis.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Retiree Health Savings Program. Employees Full-time employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing two one percent (21%) of their salary placed into an RHS account. Pre-tax contributions shall be placed into the individual accounts at the beginning of each quarter, with payroll deductions occurring on a per-per- pay period basis.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Retiree Health Savings Program. Employees Fulltime employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing two percent (2%) 2.0% of their salary placed into an RHS account. The increase from 1.5% to 2% will begin upon ratification of this 2023-2028 Agreement by both parties. Fulltime employee contributions shall increase to 2.5% in FY25 and 3.0% in FY26. 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.basis.
Appears in 1 contract
Samples: Collective Bargaining Agreement