Retirement Health Savings Program Sample Clauses

Retirement Health Savings Program. The Employer shall offer the ICMA Retirement Health Savings Plan (RHSP). The plan shall be funded by the employee according to the Adoption Agreement. The RHSP contribution levels will be reviewed annually.
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Retirement Health Savings Program. For the term of this Agreement, the County will establish a health care savings program ("HCSP" or "Program") through MERS to provide for the funding of health benefits for retirees and beneficiaries. There will be two employee a. Existing full time employees eligible for retiree healthcare under the County retiree healthcare plan and who elect to irrevocably opt out of the County Plan and the right to County medical coverage (“Existing Opt Outs”); and b. New hires whom are not eligible for retiree healthcare or coverage under the County Plan (“New Hires”). Employer contribution: Initial Lump Sum Contribution: See, Appendix C. Yearly Contribution: Employer will contribute (See Appendix C) dollars per year up to a maximum contribution of:
Sample 1
Retirement Health Savings Program. For regular full-time employees, the City will contribute one-half percent (0.5%) of base pay to the City’s Retirement Health Savings (RHS)
Sample 1
Retirement Health Savings Program. Employees are required to participate in the City’s retirement health savings plan. The employer contributions are as follows: (1) Sick leave contribution of 32% of the earned but unutilized sick leave in the (2) The terminal leave benefit found in Article XIII (6). (3) A biweekly payroll contribution of $115 per pay period of active service. All other terms and conditions as determined by the Plan Adoption Agreement with ICMA Vantagecare shall apply.
Sample 1
Retirement Health Savings Program. The City shall establish a retirement health saving plan which will allow employees to save money in a defined contribution plan which is intended to assist employees in paying for medical expenses. The City contribution to this plan shall be 1% of employee salary. This plan and contribution shall commence by the end of August 2022.
Sample 1
Retirement Health Savings Program. For the term of this Agreement, the County will establish a health care savings program (“HCSP” or “Program”) through MERS to provide for the funding of health benefits for retirees and beneficiaries. There will be two (2) employee groups eligible for this program, each of which will have differing contribution benefits and requirements. Specifically, a. Existing full-time employees eligible for retiree healthcare under the County retiree healthcare plan and who elect to irrevocably opt out of the County Plan and the right to County medical coverage (“Existing Opt-Outs”); and b. New hires whom are not eligible for retiree healthcare or coverage under the County Plan (“New Hires”).
Sample 1

Related to Retirement Health Savings Program

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

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