Common use of Retiree Medical Reimbursement Trust Clause in Contracts

Retiree Medical Reimbursement Trust. The District will establish a retiree medical reimbursement trust under the Internal Revenue Code, Section 115 for active employees to make tax exempt payroll contributions. Every employee must contribute fifty dollars ($50) per month (approximately $23.08 per pay period.) to the retiree medical reimbursement trust. These funds can only be used upon retirement for the IRC deductible expenses (premium contributions and unreimbursed medical expenses including prescription or additional co-pays).

Retiree Medical Reimbursement Trust. The District will establish a retiree medical reimbursement trust Medical Reimbursement Trust under the Internal Revenue Code, Section 115 for active employees to make tax exempt payroll contributions. Every employee must contribute fifty dollars ($50) per month (approximately $23.08 per pay period.) to the retiree medical reimbursement trustMedical Reimbursement Trust. These funds can only be used upon retirement for the IRC Internal Revenue Code deductible expenses (premium contributions and unreimbursed medical expenses including prescription or additional co-pays).

Retiree Medical Reimbursement Trust. The District will establish a retiree medical reimbursement trust under the Internal Revenue Code, Section 115 for active employees to make tax exempt payroll contributionscontributions . Every employee must contribute fifty dollars ($50) per month (approximately $23.08 23 .08 per pay periodperiod .) to the retiree medical reimbursement trusttrust . These funds can only be used upon retirement for the IRC deductible expenses (premium contributions and unreimbursed medical expenses including prescription or additional co-pays)) .