Common use of Retirement Health Savings Plan Clause in Contracts

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

Retirement Health Savings Plan. Effective July 1, 2010, employees who 8 are not eligible for retirement medical benefits in accordance with Section 14.7 and who 9 were hired after July 2, 2005, shall be eligible to receive Retirement Health Savings Plan 10 (RHSP) benefits. The County shall make monthly deposits in the RHSP for each eligible 11 employee according to the following schedule based on years of completed continuous 12 services (starting with the beginning of the 4th year of service): 15 20 plus $105 $2,520 For initial implementation of this benefit, Xxxxxx County Human Resources will provide 16 informational meetings and enroll eligible nurses in June 2010. During this same period, 17 nurses grandfathered under section 14.7 will have a one time opportunity to elect the 18 Retirement Health Savings Plan benefit in lieu of the Retirement Health and Dental 19 Insurance described in 14.7. 21 After the initial implementation of this benefit, newly eligible employees will be enrolled 22 upon completion of the years of service requirement. Should an eligible ONA/BEC Collective Bargaining Agreement 2013-2017 36 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 who 8 are not 10 eligible for retirement medical benefits in accordance with Section 14.7 and who 9 were hired after 11 July 2, 2005, shall be eligible to receive Retirement Health Savings Plan 10 (RHSP) benefits. The 12 County shall make monthly deposits in the RHSP for each eligible 11 employee according to the 13 following schedule based on years of completed continuous 12 services (starting with the 14 beginning of the 4th year of service): 15 16 For initial implementation of this benefit, Xxxxxx County Human Resources will provide 16 17 informational meetings and enroll eligible nurses in June 2010. During this same period, 17 nurses 18 grandfathered under section 14.7 will have a one one-time opportunity to elect the 18 Retirement 19 Health Savings Plan benefit in lieu of the Retirement Health and Dental 19 Insurance described in 20 14.7. 21 22 After the initial implementation of this benefit, newly eligible employees will be enrolled 22 upon 23 completion of the years of service requirement. Should an eligible employee fail to 23 complete the 24 enrollment paperwork for the RHSP benefit the County shall invest payments 24 on his or her their behalf in Page 42 of 79 Date Accepted / / 1 the Money Market Fund. The employee may change the portfolio 25 investments in accordance 2 with the provider’s policies. 273 Page 43 of 79 Date Accepted / /

Retirement Health Savings Plan. Effective July 1, 2010, employees who 8 are not 14 eligible for retirement medical benefits in accordance with Section 14.7 and who 9 were hired after 15 July 2, 2005, shall be eligible to receive Retirement Health Savings Plan 10 (RHSP) benefits. The 16 County shall make monthly deposits in the RHSP for each eligible 11 employee according to the 17 following schedule based on years of completed continuous 12 services (starting with the 18 beginning of the 4th year of service): 15 20 For initial implementation of this benefit, Xxxxxx County Human Resources will provide 16 21 informational meetings and enroll eligible nurses in June 2010. During this same period, 17 nurses 22 grandfathered under section 14.7 will have a one one-time opportunity to elect the 18 Retirement 23 Health Savings Plan benefit in lieu of the Retirement Health and Dental 19 Insurance described in 24 14.7. 21 25 Page 38 of 69 Date Accepted / / 1 After the initial implementation of this benefit, newly eligible employees will be enrolled 22 upon 2 completion of the years of service requirement. Should an eligible employee fail to 23 complete the 3 enrollment paperwork for the RHSP benefit the County shall invest payments 24 on his or her their behalf in 4 the Money Market Fund. The employee may change the portfolio 25 investments in accordance 5 with the provider’s policies. 276