RETIREE MEDICAL CONTRIBUTIONS Sample Clauses

RETIREE MEDICAL CONTRIBUTIONS. C. 1. a. Employees Retired Prior to July 1, 2004
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RETIREE MEDICAL CONTRIBUTIONS. Contributions to the Pension Plan and to the Retiree Medical Plan shall be based on all hours for which pay is required -- up to 40 hours per week -- under this AGREEMENT, except jury pay, pay for apprentice school time which is outside the employee's regular working hours, payment for sickness and injury time, bereavement pay, and payments made in accordance with sick leave plans supplementing U.C.D. HEALTH & WELFARE AND DENTAL CONTRIBUTIONS: Monthly contributions to the Health & Welfare and Dental Plans shall be in such amounts as the Joint Union-Management Boards administering said plans from time to time determine to be necessary to pay their costs of administration and to provide the benefits required hereunder. The monthly contribution shall be paid for all employees who are carried on the payroll as of the first business day of any calendar month. Contributions to the Health and Welfare Plan shall also be required for employees employed prior to the sixteenth day of the month who are entitled to immediate coverage under Appendix "C".
RETIREE MEDICAL CONTRIBUTIONS. C. 1. a. Employees Retired Prior to July 1, 2004 C. 2. x. Xxxxxxx Employee Retiree Medical Trust The City made a onetime payment of $2,500 to the IBEW to reimburse the Union for the Burbank Employees’ Retiree Medical Trust (BERMT) start up cost. The City met its’ financial commitment to set up a Retiree Medical Trust Coalition. In addition the City deposited $2.4 million for three years worth of the monthly payments of $50.00 per month per employee for FY 2002-2003, $60.00 per month per employee for FY 2003-2004 and $65.00 per month per employee for FY 2004-2005. Effective April 1, 2003, employees represented by IBEW began contributing $20.00 per pay period to the trust through payroll deduction. C. 2. b. The contributions to BERMT effective from April 1, 2006 were $52.50 per month from each employee and the City. The contributions to BERMT effective April 1, 2007 were $65.00 per month from each employee and the City. Effective December 16, 2007, the City and each eligible employee will both contribute $30.00 per pay period to the BERMT. Any subsequent changes to either the City or employee contribution level towards the BERMT will be negotiated through the Retiree Medical Trust Coalition.

Related to RETIREE MEDICAL CONTRIBUTIONS

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

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