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.
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 i. A 0.25% mandatory City contribution and a matching 0.25% employee contribution will be paid into a Retiree Medical Trust.
Retiree Medical Trust. A Retiree Medical Trust program may be implemented subject to the following provisions:
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.
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. All employees covered by this Agreement shall participate in a retiree medical expense reimbursement plan administered by the PORAC Retiree Medical Trust or such other entity that later may be selected by the Association. This Plan is designed to permit organizations representing employees to designate on a pre-tax basis salary and/or leave payouts which occur upon termination of employment to be used to help pay for health insurance costs when the employee is no longer working for the City. No City contributions shall be made to this Plan. The trust shall be and remain separate and apart from any Employer health insurance funding program. Effective January 1, 2009, employees covered by this Agreement shall contribute to the plan $150 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 salary for the purpose of calculating retirement benefits. There shall be no employee election to take the amount in cash. Upon retirement 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 Association 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 Agreement, on a uniform basis, for all employees covered by the Agreement, subject to approval of its members according to the Association’s internal rules. The City of Chula Vista 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 of their refusal to participate within 60 days of January 1, 2009, or within 60 days of joining the bargaining unit. The provisions of this agreement do not reply to anyone hired o...
Retiree Medical Trust. The Association may establish a Retiree Medical Trust (RMT) for current and future members of the bargaining unit as provided in the attached Appendix to this Agreement. The purpose of the Trust is to provide for retiree health expense reimbursement benefits. The Trust shall be and remain separate and apart from any Employer health insurance funding program. This Section, including the appendix cannot be grieved or arbitrated. See LOA: Retiree Medical Trust REV: 2015, 2017
Retiree Medical Trust. A 0.25% mandatory City contribution and a matching 0.25% employee contribution will be paid into a Retiree Medical Trust. The City will establish a Retiree Medial Trust and will engage in further meet and confer to determine collaboratively the details related to (1) the manner and means of administering such a 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.
