Common use of Retiree Health Savings Program Clause in Contracts

Retiree Health Savings Program. Employees shall participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1% of their salary beginning in FY2022 to be 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.

Retiree Health Savings Program. Employees shall participate in the City’s Retirement Health Savings Plan (RHS) by contributing 1% of their salary beginning in FY2022 to be 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. To the extent legally allowed, all sick leave buyback and all payouts upon separation from service shall be paid into the RHS plan instead of being paid in the form of cash.

Retiree Health Savings Program. Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 12.5% of their salary beginning in FY2020 and increasing to 3.0% in FY2022 to be placed into an RHS account. Pre-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. Employees shall continue to participate in the City’s Retirement Health Savings Plan (RHS) by contributing 13.5% of their salary beginning in FY2022 FY23 to be 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.