Retiree Medical Trust i. A 0.25% mandatory City contribution and a matching 0.25% employee contribution will be paid into a Retiree Medical Trust.
ii. The City will establish a Retiree Medical Trust and will engage in further meet and confer to determine collaboratively the details related to (1) the manner and means of administering the Trust, and (2) the nature and scope of the benefits to be available and on what terms. Additional voluntary employee contributions, with no City match, will be permitted to the extent otherwise allowed by law.
Retiree Medical Trust. 1. For Tier 2 employees, the City shall contribute $750 per month to a retiree medical trust (hereinafter “Trust”) for the purpose of providing a savings plan for each employee to purchase medical insurance upon retirement.
2. The $750 monthly payment shall be made while the employee is in active status and will be paid over 24 pay periods (excluding “free” pay periods) per year. To be eligible to receive the payment in any particular pay period, the employee must code at least 15 hours of paid time in the pay period. Paid time includes regular time and all types of paid leave, including 4850 time, sick, vacation, compensatory time, holiday, bereavement, jury duty, personal, military, catastrophic and administrative leave. Paid time excludes disability payments (including Total Temporary Disability, Short-Term and Long-Term Disability) and periodic special pays such as uniform allowance.
3. The Trust will be administered by the Association. The Trust must meet Internal Revenue Service (IRS) requirements. The Association will be solely responsible for contracting with a trust program or administrator for the maintenance of the Trust. If any of the provisions of the Trust documents or contract between the Association and the Trust program or administrator are inconsistent with the terms of this MOU or any future MOU, the terms of the MOU will prevail.
4. The Association shall assume all responsibility and liability for the Trust for all active and retired Tier 2 employees of the City and their dependents, survivors, heirs, and beneficiaries. The Association shall defend, indemnify and hold the City harmless from any legal action or claims arising from any breach of this MOU or breach of the Trust by the Trustee, Trust Administrator or the Association, or failure by the Trustee, Trust Administrator or Association to fulfill its fiduciary responsibilities.
Retiree Medical Trust. The City will cooperate with the SPOA to amend the documents related to the SPOA Retiree Medical Trust ("RMT") to reflect that the City relinquishes all of its right to designate any trustees under the RMT and any and all rights, obligations, or responsibility under the RMT so that only the SPOA designated Trustees will administer the RMT. The City has no objection to the transfer of all current assets in the RMT to another trust (the "Receiving Trust") selected by the SPOA designated RMT Trustees so long as the Receiving Trust agrees to hold those assets for the exclusive benefit of eligible retirees. Further, the SPOA and the City agree that the transfer of assets will be contingent on the SPOA and Receiving Trustees agreeing that on and after the transfer of the assets of the RMT to the Receiving Trust (i) the City's only obligation with respect to such Receiving Trust will be to make any agreed upon contributions to the Receiving Trust, and (ii) the SPOA and the Receiving Trustees further agree that on and after the transfer of the assets of the RMT to the Receiving Trust, to indemnify and hold harmless the City and the City designated trustees from any claim whatsoever by the SPOA, any unit member, or any beneficiary of the Receiving Trust with respect to the Receiving Trust. Such claims include, but are not limited to, (i) any claim for benefits under the Receiving Trust or any plan funded by the Receiving Trust, (ii) any claim regarding the administration of, or fiduciary duties under, the Receiving Trust, (iii) any claim regarding the tax treatment of contributions to the Receiving Trust (so long as the City complies with applicable federal law and guidance from the Internal Revenue Service), and (iv) any claim regarding the terms of the Receiving Trust or selection of trustees. The City's obligation to contribute to the RMT has ceased. However, in the event that the POA membership votes to approve member contributions to the Receiving Trust, the City agrees to deduct those contributions (and any required administrative fees charged by third parties) from members’ paychecks. Nothing herein commits the City to paying any portion of any future contribution.
Retiree Medical Trust. Effective July 1, 2012, four hours of release time, per quarter, is authorized for the Union trustee representative for the purpose of attending San Diego Employees Retiree Medical Trust board meetings. No overtime is authorized. Additional release time may be granted subject to the approval of the Human Resources Director.
Retiree Medical Trust.
A. Creation – A Retiree Medical Trust Fund (RMT) will be established by the Association for eligible employees in the Bargaining Unit. The Trust will comply with all the provisions of Section 501 (c) (9) of the Internal Revenue Code (IRC). The Trust shall be administered by Board of Trustees who manages resources of the Trust and determines applicable administrative fees for managing the Trust Fund. The Trustees insure that payments of qualified medical expenses incurred by participants (eligible employees who have separated from County service for reasons other than disability or death) or their eligible dependents – as defined by IRC Section 152, are properly reimbursed. The County shall withhold a mandatory contribution of $25.00 (twenty-five dollars) per pay period on a pre-tax basis from the pay of every employee who is a member of the Bargaining Unit. These contributions shall be included as salary for the purpose of calculating pension benefits, to the extent this does not jeopardize the pre-tax treatment of the contributions, and remitted according to Article 10, Section 4.
Retiree Medical Trust. All employees covered by this MOU shall participate in a retiree medical expense reimbursement plan administered by the PORAC Retiree Medical Trust (RMT or Plan) or such other entity that later may be selected by POA. This Plan is designed to permit organizations representing employees to designate on a pre-tax basis salary and/or leave payouts which occur upon separation of employment to be used to help pay for health insurance costs when the employee is no longer working for the City. The trust shall be and remain separate and apart from any Employer health insurance funding program. For Employees hired before July 1, 2017, the City will contribute $100 per month per member into the RMT, which the employer shall remit monthly [in one aggregate check], to the Plan’s administrator, accompanied by a list employees. There shall be no employee election to take the amount in cash. Employees hired on, or after, July 1, 2017 shall contribute to the plan $100 per month, which the employer shall automatically deduct from the salary of each employee and remit monthly [in one aggregate check], to the Plan’s administrator, accompanied by a list of contributing employees. The employer shall contribute the monies on a pre-tax basis. These contributions shall be included as a salary for the purpose of calculating retirement benefits. There shall be no employee election to take the amount in cash. Upon separation of an employee covered by this Agreement, the employer shall transfer into the PORAC Retiree Medical Trust, an amount equal to 100% of the cash value of the employee’s vacation and floating holiday leave balance for which they would receive payment. The employer shall contribute the monies on a pre-tax basis. There shall be no employee election to take the amount in cash. The POA has the right to alter the amount of salary deduction or the percentage of leave balance contribution at separation from service during the course of this MOU, on a uniform basis, for all employees covered by the MOU, subject to approval of its members according to the POA’s internal rules. The City hereby acknowledges receipt of the Trust Agreement governing the Trust and will comply with rules set by the Trust Office in regard to reporting and depositing the required contributions set forth above. Exceptions: Employees entitled to full military medical benefits may make a one-time election not to participate in the plan. Employees entitled to this exemption must notify human resources...
Retiree Medical Trust. 54.1. General Contribution from Wages Inspira nurses have voted for mandatory employee contributions to the HPAE Retiree Medical Trust of $.20 per hour (not to include overtime hours or on-call hours) for each full-time and part-time employee covered by this Agreement. No payroll check-off by employees is required; instead, the employer will transfer one check for this purpose of employee contributions, representing $.20 per hour for each full-time and part time employee who worked in that month. The monthly per capita amount of employee contributions shall be included in each employee’s salary for purpose of calculating retirement benefits and will be withheld pursuant to applicable law.
54.2. It is specifically agreed that the Employer assumes no obligation, financial or otherwise, arising out of the provisions of this Article and the Union shall indemnify and save the Employer harmless against any and all taxes, claims, demands, suits, and other forms of liability that might arise out of or by reasons of any action, claim, demand or suit, including any “Cadillac Tax” penalty levied pursuant to the Affordable Care Act, by any person which may involve or be in whole or in part based upon collection or deduction of any money by the Employer submitted to the Retiree Medical Trust pursuant to this Article. Once the funds are remitted to the Trust, the disposition thereafter shall be the sole and exclusive obligation and responsibility of the Trust. So long as the Employer makes payment of the contributions directed by the Union in the amount specified, the Employer shall have no additional liability or responsibility to any of the Union, the Retiree Medical Trust, or the employees for whom the deductions are made. The employer does not agree to be covered by or be bound by Trust Agreement establishing the HPAE retiree medical trust. The employer is not a party to the trust agreement.
54.3. All tax treatment of the amounts withheld shall be in accordance with applicable law as provided in a private letter ruling issued by the Internal Revenue Service to the Union or the Retiree Medical Trust.
Retiree Medical Trust. A Retiree Medical Trust program may be implemented subject to the following provisions:
32.1.1 If all of the bargaining unit employees, as a group, choose to participate in this benefit, the Employer agrees to contribute up to Seventy-five Dollars ($75.00) per month for bargaining unit employees to the Washington State Council of Fire Fighters Post-Retirement Medical Trust Fund.
Retiree Medical Trust. A. Creation – A Retiree Medical Trust Fund (RMT) will be established by the Association for eligible employees in the Bargaining Unit. The Trust will comply with all the provisions of Section 501 (c) (9) of the Internal Revenue Code (IRC). The Trust shall be administered by Board of Trustees who manages resources of the Trust and determines applicable administrative fees for managing the Trust Fund. The Trustees insure that payments of qualified medical expenses incurred by participants (eligible employees who have separated from County service for reasons other than disability or death) or their eligible dependents – as defined by IRC Section 152, are properly reimbursed. The County shall withhold a mandatory contribution of
Retiree Medical Trust. Alhambra Medical Expense Reimbursement Trust Provisions Effective July 1, 2005, the Association agrees to fund a Retiree Medical Trust (the "Trust") for retiree health care expenses. The City agrees to pay to the investment manager for the Trust $35,260 per month. The Association uses all of these funds to finance the Trust for all classification employees covered by this unit and for all employees who promote to a classification outside of the POA bargaining unit after July 1, 2005 (hereafter "Promotees"). These monthly employer contributions shall be allocated to Promotees for Active Service in the Trust retroactive no earlier than April 1, 2013 (when the Promotee payroll contributions to the Trust ceased), according to rules set by the Trustees of the Trust. The City, Association and its individual members agree that the City shall not be liable for any debts or obligation of any sort arising from the Trust. The City, however, must receive evidence from the Association that the City’s funds are going to the Trust. This evidence is necessary to ensure the City will not be liable for any tax obligations resulting from its contributions to the Trust. The Association, its representatives, successors, and assigns, shall indemnify the City, its past and present employees, agents, officers, representatives, insurers, attorneys, predecessors, successors, and assigns, and all persons acting by, through, under, or in concert with any of them, and each of them, from any and all claims, charges, complaints, liabilities, obligations, promises, benefits, agreements, controversies, costs, losses, debts, expenses, damages, actions, causes of action, suits, rights, and demands of any nature arising from the Trust, known or unknown, suspected or unsuspected, which occurs now or may occur in the future, which relate to or arise out of any act, omission, occurrence, condition, event, transaction, or thing which was done, omitted to be done, occurred, or was in effect at any time from the beginning of the Trust up to the end of time, including but not limited to 1) tax liabilities;
