Retirement Health Care Savings Plan. 26.1 Severance Pay, per Article 16, will go into the Post Retirement Health Care Savings Plan when retiring from the City of Xxxxx Park.
26.2 The following percentage of gross wages will be put into the Plan: 0-7 years 3% 8-14 years 4% 15-19 years 5% 20 + years 6%
Retirement Health Care Savings Plan. Whereas, the 2001 Legislature adopted a statute directing the creation of a post-retirement health care savings plan for the tax free contribution of money for retiree health care needs.
1. An amount equal to the value of 100% of the amount defined in Article IX of the parties’ collective bargaining agreement will be placed into the Minnesota Post-Retirement Health Care Savings Plan (PRHCSP) established under Minnesota Statutes §352.98 (Minn. 2004) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. The employee will not receive any direct payment from the school district for severance pay.
2. This provision covers employees from District RCW #0000, XXXX, XXXXX Xxxxxxxx #0000, or any paired member district.
3. The school district contribution(s) will be made four consecutive monthly payments starting November 1 of the year of retirement.
4. This is the full and complete agreement of the parties on this issue. There are no other oral or implied agreements.
5. This agreement does not set any precedent for any future issues.
6. This agreement shall be considered part of the Master Agreement between the parties.
Retirement Health Care Savings Plan. The Director of Food Service will have a contribution made by the District to their individual account with the MN State Retirement System Post-Retirement Health Care Savings Plan in the amount of $1000 annually.
Retirement Health Care Savings Plan. Whereas, the 2001 Legislature
1. An amount equal to the value of 100% of the amount defined in Article IX of the parties’ collective bargaining agreement will be placed into the Minnesota Post-Retirement Health Care Savings Plan (PRHCSP) established under Minnesota Statutes §352.98 (Minn. 2004) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. The employee will not receive any direct payment from the school district for severance pay.
2. This provision covers employees from District RCW #2890, DRSH, BDRSH District #3001, or any paired member district.
3. The school district contribution(s) will be made four consecutive monthly payments starting November 1 of the year of retirement.
4. This is the full and complete agreement of the parties on this issue. There are no other oral or implied agreements.
5. This agreement does not set any precedent for any future issues.
6. This agreement shall be considered part of the Master Agreement between the parties.
Retirement Health Care Savings Plan. An approved leave of absence, including placement on unrequested leave, will not constitute a break in service, but will not constitute a year of service, for purposes of determining a teacher’s eligibility for a MSRS contribution. A resignation will constitute a break in service and if the teacher is rehired, the teacher will have to complete ten years of consecutive service after having been rehired to be eligible for a MSRS contribution. This contribution will be made at the conclusion of each year of service with the District according to the following schedule: Years of Svc in ISD 2144 Amount of Contribution 10-15 $250 Part-time teachers shall receive pro-rata credit for each year of service they have completed in Independent School District No. 2144 in order to determine their eligibility for a District contribution. If the teacher is eligible, the teacher shall receive a pro-rata District contribution to their MSRS account based on what their FTE in the year the contribution is made.
Retirement Health Care Savings Plan. Each teacher who qualifies under this article will place 100% of his/her remaining retirement pay after any required “ARTICLE XI Contract Reductions,” into the “Post-Retirement Health Care Savings Plan” as provided and administered by the Minnesota State Retirement System, said payments to be made as provided above and the balance of said retirement pay to be paid to the teacher as required above.
Retirement Health Care Savings Plan. Notwithstanding the foregoing, in the event a clerical employee described in this Section (8.1a.) enrolls in the District’s group medical coverage on or after January 1, 2014, contributions for months in which the employee is covered under the group medical insurance shall be made to the District’s Health Reimbursement Arrangement. Notwithstanding the foregoing, any contributions made to the District’s Health Reimbursement Arrangement prior to January 1, 2014, or while the employee is enrolled in the District’s group medical plan shall remain in the employee’s account under the Health Reimbursement Arrangement until used for reimbursements or transferred to the Post-Employment Health Care Savings Plan as described in Subd. 6.
Retirement Health Care Savings Plan. Section 1. County agrees to make available a Retirement Health Care Savings Plan at the employees’ cost by September 1, 2006, through payroll deduc- tions. Further, the requesting employee shall provide to the Lincoln County Clerk in dollar figures the amount that he or she wants deducted from his or her pay check for said Retirement Health Care Savings Plan. Furthermore, it is understood that at this time the Lincoln County Clerk’s Office is unable to do said deduction under a percentage formula.
Retirement Health Care Savings Plan. Subd. 1 Eligibility: Employees in their 4th year of service in the Centennial School District shall be eligible to participate in the post-retirement health care savings plan as per the schedule in Subd. 5.
Retirement Health Care Savings Plan. For employees hired on or after January 1, 2010, the University will contribute funds each month on their behalf to a retirement health care savings plan to help pay for qualified medical and health-related expenses in retirement, including the purchase of a health insurance policy. Eligibility to access upon termination the plan list- ed in this section is determined as follows:
(a) The employee has completed twenty-five (25) years of continuous full-time service and is age 60 or older or,
(b) The employee has completed a minimum of fif- teen (15) years of continuous full-time service and is age 65 or older.
