Common use of Retiree Insurance Funding Clause in Contracts

Retiree Insurance Funding. The District has established a Retiree Benefits Health Trust (RBHT) and shall contribute to the RHBT each pay period an amount equal to the full GASB compliant Annual Required Contribution (ARC) percentage of straight time base pay. 1. The District shall retain .0888% of the one and six hundred twenty-seven one-thousandths percent (1.627%) of the Money Purchase Plan contribution in addition to the $37/month to be used as specified in Paragraph B2, above. 2. The District shall retain the remainder of the 1.627% MPPP contribution, to the extent necessary to compensate the District for paying the difference between the actual ARC and the baseline ARC described below. The District shall retain this amount through June 30, 2034. In any year in which the actual ARC does not exceed the baseline ARC by an amount equal to the amount of the retained 1.627% MPPP contribution, the District shall pay the appropriate portion of the 1.627% into the employees’ MPPP accounts, but only to the extent that the difference between the actual ARC and the baseline ARC is less than the dollar value of the retained MPPP 1.627%. The baseline ARC is as follows: 7/1/16 12.06% 7/1/17 12.12% 7/1/18 12.18% 7/1/19 12.24% 7/1/20 12.30% 7/1/21 12.36% 7/1/22 12.42% 7/1/23 12.48% 7/1/24 12.54% 7/1/25 12.60% 7/1/26 12.66% 7/1/27 12.72% 7/1/28 12.78% 7/1/29 12.84% 7/1/30 12.90% 7/1/31 12.96% 7/1/32 13.02% 7/1/33 13.08% 3. The Trustee of the RHBT shall pay eBART retirees health insurance premiums from the RHBT.

Retiree Insurance Funding. The District has established a Retiree Benefits Health Trust (RBHT) and shall contribute to the RHBT each pay period an amount equal to the full GASB compliant Annual Required Contribution (ARC) percentage of straight time base pay. 1. The District shall retain .0888% of the one and six hundred twenty-twenty- seven one-thousandths percent (1.627%) of the Money Purchase Plan contribution in addition to the $37/month to be used as specified in Paragraph B2, above. 2. The District shall retain the remainder of the 1.627% MPPP contribution, to the extent necessary to compensate the District for paying the difference between the actual ARC and the baseline ARC described below. The District shall retain this amount through June 30, 2034. In any year in which the actual ARC does not exceed the baseline ARC by an amount equal to the amount of the retained 1.627% MPPP contribution, the District shall pay the appropriate portion of the 1.627% into the employees’ MPPP accounts, but only to the extent that the difference between the actual ARC and the baseline ARC is less than the dollar value of the retained MPPP 1.627%. The baseline ARC is as follows: 7/1/16 12.06% 7/1/17 12.12% 7/1/18 12.18% 7/1/19 12.24% 7/1/20 12.30% 7/1/21 12.36% 7/1/22 12.42% 7/1/23 12.48% 7/1/24 12.54% 7/1/25 12.60% 7/1/26 12.66% 7/1/27 12.72% 7/1/28 12.78% 7/1/29 12.84% 7/1/30 12.90% 7/1/31 12.96% 7/1/32 13.02% 7/1/33 13.08% % 3. The Trustee of the RHBT shall pay eBART retirees health insurance premiums from the RHBT.

Retiree Insurance Funding. The District has established a Retiree Benefits Health Trust (RBHT) and shall contribute to the RHBT each pay period an amount equal to the full GASB compliant Annual Required Contribution (ARC) percentage of straight time base pay. 1. The District shall retain .0888% of the one and six hundred twenty-seven one-thousandths percent (1.627%) of the Money Purchase Plan contribution in addition to the $37/month to be used as specified in Paragraph B2, above. 2. The District shall retain the remainder of the 1.627% MPPP contribution, to the extent necessary to compensate the District for paying the difference between the actual ARC and the baseline ARC described below. The District shall retain this amount through June 30, 2034. In any year in which the actual ARC does not exceed the baseline ARC by an amount equal to the amount of the retained 1.627% MPPP contribution, the District shall pay the appropriate portion of the 1.627% into the employees’ MPPP accounts, but only to the extent that the difference between the actual ARC and the baseline ARC is less than the dollar value of the retained MPPP 1.627%. The baseline ARC is as follows: 7/1/16 12.06% 7/1/17 12.12% 7/1/18 12.18% 7/1/19 12.24% 7/1/20 12.30% 7/1/21 12.36% 7/1/22 12.42% 7/1/23 12.48% 7/1/24 12.54% 7/1/25 12.60% 7/1/26 12.66% 7/1/27 12.72% 7/1/28 12.78% 7/1/29 12.84% 7/1/30 12.90% 7/1/31 12.96% 7/1/32 13.02% 7/1/33 13.08% % 3. The Trustee of the RHBT shall pay eBART retirees health insurance premiums from the RHBT.

Retiree Insurance Funding. The District has established a Retiree Benefits Health Trust (RBHT) and shall contribute to the RHBT each pay period an amount equal to the full GASB compliant Annual Required Contribution (ARC) percentage of straight time base pay. 1. The District shall retain .0888% of the one and six hundred twenty-twenty- seven one-thousandths percent (1.627%) of the Money Purchase Plan contribution in addition to the $37/month to be used as specified in Paragraph B2, above. 2. The District shall retain the remainder of the 1.627% MPPP contribution, to the extent necessary to compensate the District for paying the difference between the actual ARC and the baseline ARC described below. The District shall retain this amount through June 30, 2034. In any year in which the actual ARC does not exceed the baseline ARC by an amount equal to the amount of the retained 1.627% MPPP contribution, the District shall pay the appropriate portion of the 1.627% into the employees’ MPPP accounts, but only to the extent that the difference between the actual ARC and the baseline ARC is less than the dollar value of the retained MPPP 1.627%. The baseline ARC is as follows: 7/1/16 12.06% 7/1/17 12.12% 7/1/18 12.18% 7/1/19 12.24% 7/1/20 12.30% 7/1/21 12.36% 7/1/22 12.42% 7/1/23 12.48% 7/1/24 12.54% 7/1/25 12.60% 7/1/26 12.66% 7/1/27 12.72% 7/1/28 12.78% 7/1/29 12.84% 7/1/30 12.90% 7/1/31 12.96% 7/1/32 13.02% 7/1/33 13.08% 3. The Trustee of the RHBT shall pay eBART retirees health insurance premiums from the RHBT.