Common use of Retirement Health Savings (RHS) Plan Clause in Contracts

Retirement Health Savings (RHS) Plan. A. During the effective term of this agreement, the City agrees to provide contributions for regular, full-time Unit employees toward a Retirement Health Savings (“RHS”) Plan, to be administered as described below. The intent of this plan is for the benefits paid to be available to fully or partially defray the costs incurred by employees for health plan premiums or medical expenses after retirement from the City. The plan shall be in lieu of any other City-funded retiree medical plan. B. The City shall contribute $75.00 monthly to a Retirement Health Savings Plan if the following conditions are met: a) The Unit employee is appointed to a full-time position at the time of the City contribution; and b) The Unit employee has completed fifteen years of regular service with the City. Regular service is defined, for purposes of this Section only, as any time served in City employment in a part-time or full-time capacity; and c) This Section does not apply to any time in City service as a temporary/hourly employee. C. These contributions will be made for each complete calendar month of an employee’s active City service; except that employees on authorized unpaid leave from City employment while assigned to active military duty shall receive monthly contributions during the period of such leave. Additionally, these contributions will begin with the employee’s sixteenth year of regular, full-time service with the City and shall continue through the employee’s separation from City service. All plan contributions made by the City on behalf of any active Unit employees are 100% vested. No plan contributions shall be made following an employee’s separation from City service. D. The Retirement Health Savings Plan shall provide for benefits to be paid to a Unit employee after retirement based upon contributions made on behalf of such employee and shall not define a particular benefit to be paid to such employee. The plan shall be administered by the City, or the authorized plan administrator designated by the City, in its sole discretion in a manner consistent with this agreement. E. The City may change or terminate the plan at any time following the effective term of this agreement if, in its sole discretion, such change or termination of the plan is a business necessity. Any change or termination shall not affect any contributions which have vested under subsection (C) above. Further, the City may change the plan at any time during the effective period of this agreement, provided that the amount of the contributions to a plan specified in subsection (B) does not change.

Retirement Health Savings (RHS) Plan. A. 1. During the effective term of this agreement, the City agrees to provide contributions for regular, full-time Unit employees toward a Retirement Health Savings (“RHS”) Plan, to be administered as described below. The intent of this plan is for the benefits paid to be available to fully or partially defray the costs incurred by employees for health plan premiums or medical expenses after retirement from the City. The plan shall be in lieu of any other City-funded retiree medical plan. B. 2. The Retirement Health Savings Plan is the following. For all Unit employees who complete fifteen years of regular, full-time service with the City, the City shall contribute $75.00 monthly to a Retirement Health Savings Plan if the following conditions are met: a) The Unit employee is appointed to a full-time position at the time of the City contribution; and b) The Unit employee has completed fifteen years of regular service with the CityPlan. Regular service is defined, for purposes of this Section only, as any time served in City employment in a part-time or full-time capacity; and c) This Section does not apply to any time in City service as a temporary/hourly employee. C. These contributions will be made for each complete calendar month of an employee’s active City service; except that employees on authorized unpaid leave from City employment while assigned to active military duty shall receive received monthly contributions during the period of such leave. Additionally, these contributions will begin with the employee’s sixteenth year of regular, full-time service with the City and shall continue through the employee’s separation from City twenty-fifth year of service. All plan contributions made by the City on behalf of any active Unit employees are 100% vested. No plan contributions shall be made following an employee’s separation from City service. D. 3. The Retirement Health Savings Plan plan shall provide for benefits to be paid to a Unit employee after retirement based upon contributions made on behalf of such employee and shall not define a particular benefit to be paid to such employee. The plan shall be administered by the City, or the authorized plan administrator designated by the City, in its sole discretion in a manner consistent with this agreement. E. 4. The City may change or terminate the plan at any time following the effective term of this agreement if, in its sole discretion, such change or termination of the plan is a business necessity. Any change or termination shall not affect any contributions which have vested under subsection (C2) above. Further, the City may change the plan at any time during the effective period of this agreement, provided that the amount of the contributions to a plan specified in subsection (B2) does not change.

Retirement Health Savings (RHS) Plan. A. 1. During the effective term of this agreementAgreement, the City agrees to provide pre-tax contributions for regular, full-time Unit employees toward a Retirement Health Savings (“RHS”) Plan, to be administered Plan as described belowin this Section. The intent of this plan Plan is for the benefits paid to be available to fully or partially defray the costs incurred by employees for health plan premiums or medical expenses after retirement from the City. The plan shall be in lieu of any other City-funded retiree medical plan. B. 2. The City shall contribute $75.00 monthly 125.00 per month to a Retirement Health Savings Plan if the following conditions are met: a) The Unit employee is appointed to a full-time position at the time of the City contributionCity; and b) The Unit employee has completed fifteen years of regular service with the City. Regular service is defined, for purposes of this Section only, as any time served in City employment in a part-time or full-time capacity; and c) This Section does not apply to any time in City service as a temporary/hourly temporary employee. C. . These contributions will be made for each complete calendar month of an employee’s active City service; except that employees on authorized unpaid leave from City employment while assigned to active military duty shall receive monthly contributions during the period of such leave. Additionally, these contributions will begin with the employee’s sixteenth year of regular, full-time regular City service with the City and shall continue through the employee’s separation from City service. All plan contributions made by the City on behalf of any active Unit employees employee are 100% vested. No plan contributions shall be made following an employee’s separation from City service. D. 3. The Retirement Health Savings Plan shall provide for benefits to be paid to a Unit employee after retirement separation from City service based upon contributions made on behalf of such employee and shall not define a particular benefit to be paid to such employee. The plan Plan shall be administered by the City, or the authorized plan administrator designated by the City, in its sole discretion City in a manner consistent with this agreementAgreement. E. 4. The City may change or terminate the plan at any time following the effective term of this agreement if, in its sole discretion, such change or termination of the plan is a business necessity. Any change or termination shall not affect any contributions which have vested under subsection (C) above. Further, the City may change the plan at any time during the effective period term of this agreementAgreement, provided that the amount of the contributions to a the plan specified in subsection (B) Subsection 2 above does not change. Any change shall not affect any contributions that have vested under Subsection 2 above.

Retirement Health Savings (RHS) Plan. A. ‌ 1. During the effective term of this agreementAgreement, the City agrees to provide pre-tax contributions for regular, full-time Unit employees toward a Retirement Health Savings (“RHS”) Plan, to be administered Plan as described belowin this Section. The intent of this plan Plan is for the benefits paid to be available to fully or partially defray the costs incurred by employees for health plan premiums or medical expenses after retirement from the City. The plan shall be in lieu of any other City-funded retiree medical plan. B. 2. The City shall contribute $75.00 monthly 125.00 per month to a Retirement Health Savings Plan if the following conditions are met: a) The Unit employee is appointed to a full-time position at the time of the City contributionCity; and b) The Unit employee has completed fifteen years of regular service with the City. Regular service is defined, for purposes of this Section only, as any time served in City employment in a part-time or full-time capacity; and c) This Section does not apply to any time in City service as a temporary/hourly temporary employee. C. . These contributions will be made for each complete calendar month of an employee’s active City service; except that employees on authorized unpaid leave from City employment while assigned to active military duty shall receive monthly contributions during the period of such leave. Additionally, these contributions will begin with the employee’s sixteenth year of regular, full-time regular City service with the City and shall continue through the employee’s separation from City service. All plan contributions made by the City on behalf of any active Unit employees employee are 100% vested. No plan contributions shall be made following an employee’s separation from City service. D. 3. The Retirement Health Savings Plan shall provide for benefits to be paid to a Unit employee after retirement separation from City service based upon contributions made on behalf of such employee and shall not define a particular benefit to be paid to such employee. The plan Plan shall be administered by the City, or the authorized plan administrator designated by the City, in its sole discretion City in a manner consistent with this agreementAgreement. E. 4. The City may change or terminate the plan at any time following the effective term of this agreement if, in its sole discretion, such change or termination of the plan is a business necessity. Any change or termination shall not affect any contributions which have vested under subsection (C) above. Further, the City may change the plan at any time during the effective period term of this agreementAgreement, provided that the amount of the contributions to a the plan specified in subsection (B) Subsection 2 above does not change. Any change shall not affect any contributions that have vested under Subsection 2 above.