Common use of Retirement Health Savings Plan Clause in Contracts

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who are not eligible for retirement medical benefits in accordance with Section 14.7 14 and who were hired after July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan (RHSP) benefits. The County shall make monthly deposits in the 16 RHSP for each eligible employee according to the following schedule based on 17 years of completed continuous services (starting with the beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 For initial implementation of this benefit, Xxxxxx County Human Resources will 21 provide informational meetings and enroll eligible nurses in June 2010. During this 22 same period, nurses grandfathered under section 14.7 will have a one time 23 opportunity to elect the Retirement Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental Insurance described in 14.7. 26 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled upon completion of the years of service requirement. Should an eligible 1 employee fail to complete the enrollment paperwork for the RHSP benefit the 2 County shall invest payments on his or her behalf in the Money Market Fund. The 3 employee may change the portfolio investments in accordance with the provider’s 4 policies.

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who are not 14 eligible for retirement medical benefits in accordance with Section 14.7 14 and who were hired after 15 July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan (RHSP) benefits. The 16 County shall make monthly deposits in the 16 RHSP for each eligible employee according to the 17 following schedule based on 17 years of completed continuous services (starting with the 18 beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 For initial implementation of this benefit, Xxxxxx County Human Resources will provide 21 provide informational meetings and enroll eligible nurses in June 2010. During this 22 same period, nurses 22 grandfathered under section 14.7 will have a one one-time 23 opportunity to elect the Retirement 23 Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental Insurance described in 24 14.7. 26 25 Page 38 of 69 Date Accepted / / Accepted by XXX Accepted by Employer 1 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled upon 2 completion of the years of service requirement. Should an eligible 1 employee fail to complete the 3 enrollment paperwork for the RHSP benefit the 2 County shall invest payments on his or her their behalf in 4 the Money Market Fund. The 3 employee may change the portfolio investments in accordance 5 with the provider’s 4 policies.. 6

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who are not eligible for retirement medical benefits in accordance with Section Sectio n 14.7 14 and who were hired after July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan (RHSP) benefits. The County shall make monthly deposits in the 16 RHSP for each eligible employee according to the following schedule based on 17 years of completed continuous services (starting with the beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 For initial implementation of this benefit, Xxxxxx County Human Resources will 21 provide informational meetings and enroll eligible nurses in June 2010. During this 22 same period, nurses grandfathered under section 14.7 will have a one time 23 opportunity to elect the Retirement Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental Insurance described in 14.7. 26 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled upon completion of the years of service requirement. Should an eligible ONA/BEC Collective Bargaining Agreement 2013-2017 36 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 24 25 26 27 1 employee fail to complete the enrollment paperwork for the RHSP benefit the 2 County shall invest payments on his or her behalf in the Money Market Fund. The 3 employee may change the portfolio investments in accordance with the provider’s 4 policies.

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who are not 10 eligible for retirement medical benefits in accordance with Section 14.7 14 and who were hired after 11 July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan (RHSP) benefits. The 12 County shall make monthly deposits in the 16 RHSP for each eligible employee according to the 13 following schedule based on 17 years of completed continuous services (starting with the 14 beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 16 For initial implementation of this benefit, Xxxxxx County Human Resources will 21 provide 17 informational meetings and enroll eligible nurses in June 2010. During this 22 same period, nurses 18 grandfathered under section 14.7 will have a one one-time 23 opportunity to elect the Retirement 19 Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental Insurance described in 20 14.7. 26 22 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled upon 23 completion of the years of service requirement. Should an eligible 1 employee fail to complete the 24 enrollment paperwork for the RHSP benefit the 2 County shall invest payments on his or her their behalf in Page 42 of 79 Date Accepted / / Accepted by XXX Accepted by Employer 1 the Money Market Fund. The 3 employee may change the portfolio investments in accordance 2 with the provider’s 4 policies.. 3 Page 43 of 79 Date Accepted / / Accepted by XXX Accepted by Employer

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who 8 are not eligible for retirement medical benefits in accordance with Section 14.7 14 and who 9 were hired after July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan 10 (RHSP) benefits. The County shall make monthly deposits in the 16 RHSP for each eligible 11 employee according to the following schedule based on 17 years of completed continuous 12 services (starting with the beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 15 For initial implementation of this benefit, Xxxxxx County Human Resources will 21 provide 16 informational meetings and enroll eligible nurses in June 2010. During this 22 same period, 17 nurses grandfathered under section 14.7 will have a one time 23 opportunity to elect the 18 Retirement Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental 19 Insurance described in 14.7. 26 21 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled 22 upon completion of the years of service requirement. Should an eligible 1 employee fail to 23 complete the enrollment paperwork for the RHSP benefit the 2 County shall invest payments 24 on his or her behalf in the Money Market Fund. The 3 employee may change the portfolio 25 investments in accordance with the provider’s 4 policies.. 27

Retirement Health Savings Plan. Effective July 1, 2010, employees 13 who are not eligible for retirement medical benefits in accordance with Section 14.7 14 and who were hired after July 2, 2005, shall be eligible to receive Retirement Health 15 Savings Plan (RHSP) benefits. The County shall make monthly deposits in the 16 RHSP for each eligible employee according to the following schedule based on 17 years of completed continuous services (starting with the beginning of the 4th year 18 of service): Years of Service Pay Period Payments Yearly Payments 4 to 5 $21 $504 6 to 10 $42 $1,008 11 to 15 $63 $1,512 16 to 19 $84 $2,016 20 plus $105 $2,520 20 For initial implementation of this benefit, Xxxxxx County Human Resources will 21 provide informational meetings and enroll eligible nurses in June 2010. During this 22 same period, nurses grandfathered under section 14.7 will have a one time 23 opportunity to elect the Retirement Health Savings Plan benefit in lieu of the 24 Retirement Health and Dental Insurance described in 14.7. 26 After the initial implementation of this benefit, newly eligible employees will be 27 enrolled upon completion of the years of service requirement. Should an eligible ONA/BEC Collective Bargaining Agreement 2013-2017 36 1 employee fail to complete the enrollment paperwork for the RHSP benefit the 2 County shall invest payments on his or her behalf in the Money Market Fund. The 3 employee may change the portfolio investments in accordance with the provider’s 4 policies.