Common use of Retiree Health Savings Program Clause in Contracts

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

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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

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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

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