Common use of Retiree Medical Clause in Contracts

Retiree Medical. 1.13.1 Effective July 1, 2000 the City established the Fund by having contributed $112,500. The contributions were prudently invested by the City. Xxxxxxxx retirees started receiving contributions of $100 per month starting July 1, 2000. 1.13.2 Since October 2006, the City contributed $50 per month per active employee to the Retiree Medical Fund. 1.13.3 Effective December 6, 2011 the City discontinued making monthly contributions to the Retiree Medical Trust Fund. 1.13.4 Effective the first pay period following October 1, 2016, the City shall contribute $100 per month per active employee to the IBEW Retiree Medical Trust, as defined below. 1.13.5 IBEW Local #47 has previously established a Retiree Medical Trust (TRUST). The purpose of the trust is to help pay premiums for health insurance for employees who retire from bargaining unit classifications on or after April 1, 1998. The trust is the successor to the IBEW Local #47/City of Riverside Health Insurance Premium Contribution Fund (FUND) for retirees. The trust must meet state law and applicable federal law pre-tax rules and regulations. 1.13.6 The trust shall determine all criteria for retiree medical benefits and keep the City informed of eligibility rules and benefit levels. It is contemplated that retirees who are temporarily disqualified may regain eligibility. In such event, if during the period of ineligibility they did not maintain coverage in a City sponsored health program at their own expense, they may apply for readmission to a City sponsored health insurance program for retirees. If the insurer won’t let them back in and they qualify for and obtain an individual program of medical insurance the Fund will make the appropriate contributions to them for so long as they remain insured and eligible. Neither the Union nor the city is a guarantor of readmission or admission to a City sponsored health plan or to any other health insurance plan. Any current employee who retires relying in whole or in part upon the availability of this benefit is not entitled to a continuation of the benefit beyond the funded amount. The continuation of this benefit is subject to the negotiation process and may be terminated through negotiations or by exhaustion of the Fund amount. In such event, the retiree will have no further right or entitlement to a continuation of this benefit. This section titled “Retiree Medical” is subject to the savings and separability language of this Memorandum of Understanding and it is understood and agreed that the voiding of one of more components of this program will not automatically void the remaining components of the program. 1.13.7 The City’s obligation is limited to contributions; it is not a guarantee of coverage. The City reserves the right to provide alternate medical plans and carriers. The Trust is the sole responsibility of the Union and the Union is also responsible for the Trust’s administration, investment and distribution levels at the Union’s sole direction and expense; and, If the Union’s Trust is exhausted, for any reason, the City has no obligation to that Trust except the defined contributions as mentioned elsewhere in this document. 1.13.8 Retirees may elect to stay in a City provided health plan, so long as the City offers group medical plans for its active employees. The City shall not be responsible for paying any of the premium costs or any other expenses for retirees electing to stay in a City plan. The spouse of a retiree for whom the City is making contributions may elect, upon the death of the retiree, to continue in the same plan for up to five (5) years at his/her own expense; subject to the contingency that such coverage may not be available for all or a portion of the five (5) years. 1.13.9 The City may, at its own expense, review or audit the financial statements of the trust. The City may offer comments or suggestions, but such comments or suggestions shall not be binding on the trustees and shall not be subjects of bargaining. 1.13.10 Funds contributed on behalf of City of Riverside employees shall be used only for the benefit of City of Riverside retirees and related administrative costs. No funds contributed on behalf of City of Riverside employees shall be used to benefit retirees from any other agency or entity.

Retiree Medical. 1.13.1 Effective July 1, 2000 the City established the Fund by having contributed $112,500. The contributions were prudently invested by the City. Xxxxxxxx retirees started receiving contributions of $100 per month starting July 1, 2000. 1.13.2 Since Beginning in October 2006, the City contributed $50 per month per active employee to the Retiree Medical Fund. 1.13.3 Effective December 6, 2011 the City discontinued making monthly contributions to the Retiree Medical Trust Fund. 1.13.4 Effective the first pay period following October 1, 2016, the City shall contribute $100 per month per active employee to the IBEW Retiree Medical TrustMedicalTrust, as defined below. 1.13.5 IBEW Local #47 has previously established a Retiree Medical Trust (TRUST). The purpose of the trust is to help pay premiums for health insurance for employees who retire from bargaining unit classifications on or after April 1, 1998. The trust is the successor to the IBEW Local #47/City of Riverside Health Insurance Premium Contribution Fund (FUND) for retirees. The trust must meet state law and applicable federal law pre-tax rules and regulations. 1.13.6 The trust shall determine all criteria for retiree medical benefits and keep the City informed of eligibility rules and benefit levels. It is contemplated that retirees who are temporarily disqualified may regain eligibility. In such event, if during the period of ineligibility they did not maintain coverage in a City sponsored health program at their own expense, they may apply for readmission to a City sponsored health insurance program for retirees. If the insurer won’t let them back in and they qualify for and obtain an individual program of medical insurance the Fund will make the appropriate contributions to them for so long as they remain insured and eligible. Neither the Union nor the city is a guarantor of readmission or admission to a City sponsored health plan or to any other health insurance plan. Any current employee who retires relying in whole or in part upon the availability of this benefit is not entitled to a continuation of the benefit beyond the funded amount. The continuation of this benefit is subject to the negotiation process and may be terminated through negotiations or by exhaustion of the Fund amount. In such event, the retiree will have no further right or entitlement to a continuation of this benefit. This section titled “Retiree Medical” is subject to the savings and separability language of this Memorandum of Understanding and it is understood and agreed that the voiding of one of more components of this program will not automatically void the remaining components of the program. 1.13.7 The City’s obligation is limited to contributions; it is not a guarantee of coverage. The City reserves the right to provide alternate medical plans and carriers. The Trust is the sole responsibility of the Union and the Union is also responsible for the Trust’s administration, investment and distribution levels at the Union’s sole direction and expense; and, If the Union’s Trust is exhausted, for any reason, the City has no obligation to that Trust except the defined contributions as mentioned elsewhere in this document. 1.13.8 Retirees may elect to stay in a City provided health plan, so long as the City offers group medical plans for its active employees. The City shall not be responsible for paying any of the premium costs or any other expenses for retirees electing to stay in a City plan. The spouse of a retiree for whom the City is making contributions may elect, upon the death of the retiree, to continue in the same plan for up to five (5) years at his/her own expense; subject to the contingency that such coverage may not be available for all or a portion of the five (5) years. 1.13.9 The City may, at its own expense, review or audit the financial statements of the trust. The City may offer comments or suggestions, but such comments or suggestions shall not be binding on the trustees and shall not be subjects of bargaining. 1.13.10 Funds contributed on behalf of City of Riverside employees shall be used only for the benefit of City of Riverside retirees and related administrative costs. No funds contributed on behalf of City of Riverside employees shall be used to benefit retirees from any other agency or entity.