Common use of Retiree Health Savings Program Clause in Contracts

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.‌

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Retiree Health Savings Program. Fulltime employees Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.51% of their salary beginning in FY2022 to be 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: Agreement, Agreement

Retiree Health Savings Program. Fulltime employees Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.5% two percent (2%) 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: Agreement, Agreement

Retiree Health Savings Program. Fulltime employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.52.0% of their salary placed into an RHS account. The increase from 1.01.5% to 1.52% will begin upon ratification of this 20202023-2023 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- per-pay period basis.‌

Appears in 1 contract

Samples: Agreement

Retiree Health Savings Program. Fulltime employees Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.53.5% of their salary beginning in FY23 to be 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 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Retiree Health Savings Program. Fulltime Full-time employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.5% one percent (1%) 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.‌basis.

Appears in 1 contract

Samples: Agreement

Retiree Health Savings Program. Fulltime employees Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1.52.5% of their salary beginning in FY2020 and increasing to 3.0% in FY2022 to be 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-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 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.