Common use of RETIREMENT PLAN B Clause in Contracts

RETIREMENT PLAN B. a. Unit members hired on or after July 1, 1998 are eligible for the Plan B Supplemental Retirement benefits. The District will begin paying the Plan B benefit under the terms of this Section after January 1, 1999 as part of an eligible unit member’s monthly salary payment. The District will make the monthly TSA payment to a TSA company selected from the District list of TSA companies retroactive to the first month of eligibility when a unit member has submitted a completed and executed District TSA enrollment form to the District Payroll Department within three months of initial eligibility. The unit member will maintain the TSA form required by the District. If a unit member has not submitted a completed and executed form selecting a TSA company within three months of the unit member’s initial eligibility for the District TSA payment, the member may complete the TSA enrollment form at a later date; in such a case, the District will make the monthly TSA contribution for that member prospectively and will make a one-time contribution to the member’s TSA account equivalent to three monthly TSA contributions. b. The District monthly TSA contribution will be $50 for the first two years of a unit member’s eligibility for the Plan B TSA contribution. The District monthly TSA contribution will increase as follows for future years of eligibility: 1. Third year of eligibility - $75 2. Sixth year of eligibility - $100 3. Tenth year of eligibility - $150 4. Thirteenth year of eligibility - $175 c. A unit member who PERS or OPSRP retires from the District and who received the Plan B TSA contribution will have the opportunity to participate in the District’s retiree medical insurance program on a self-pay basis until s/he qualifies for Medicare or due to Social Security Disability. The retired unit member’s spouse / domestic partner may participate in the District’s retiree medical insurance program on a self-pay basis subject to the eligibility terms in section 4.9.1.f.4 above. d. The following provisions apply when a TSA provider leaves the market such that an employee enrolled with that provider has an interruption in District TSA contributions: 1. If contributions are interrupted between August 1 and November 15 of any given year, the employee may enroll with a new provider by November 15 of that year and submit the required form to the District, and the District will make retroactive contributions for the month(s) during which contributions were interrupted. If contributions are interrupted between November 16 and July 31, the employee may select a new provider and submit the required form to the District, and the District will make prospective contributions

RETIREMENT PLAN B. a. Unit members hired on or after July 1, 1998 are eligible for the Plan B Supplemental Retirement benefits. The District will begin paying the Plan B benefit under the terms of this Section after January 1, 1999 as part of an eligible unit member’s monthly salary payment. The District will make the monthly TSA payment to a TSA company selected from the District list of TSA companies retroactive to the first month of eligibility when a unit member has submitted a completed and executed District TSA enrollment form to the District Payroll Department within three months of initial eligibility. The unit member will maintain the TSA form required by the District. If a unit member has not submitted a completed and executed form selecting a TSA company within three months of the unit member’s initial eligibility for the District TSA payment, the member may complete the TSA enrollment form at a later date; in such a case, then the District will enroll the unit member in the TSA company and plan that has been jointly selected by the District and Association. The District will then make the monthly TSA contribution for payments to that member prospectively and will make a one-time contribution company retroactive to the unit member’s first month of TSA account equivalent to three monthly TSA contributionspayment eligibility on or after August, 2007. b. The District monthly TSA contribution will be $50 for the first two years of a unit member’s eligibility for the Plan B TSA contribution. The District monthly TSA contribution will increase as follows for future years of eligibility: 1. Third year of eligibility - $75 2. Sixth year of eligibility - $100 3. Tenth year of eligibility - $150 4. Thirteenth year of eligibility - $175 c. A unit member who PERS or OPSRP retires from the District and who received the Plan B TSA contribution will have the opportunity to participate in the District’s retiree medical insurance program on a self-pay basis until s/he qualifies for Medicare coverage or due to Social Security Disability. The retired unit member’s spouse / domestic partner may participate in the District’s retiree medical insurance program on a self-pay basis subject to the eligibility terms in section 4.9.1.f.4 4.10.1.f.4 above. d. The following provisions apply when a TSA provider leaves the market such that an employee enrolled with that provider has an interruption in District TSA contributions: 1. If contributions are interrupted between August 1 and November 15 of any given year, the employee may enroll with a new provider by November 15 of that year and submit the required form to the District, and the District will make retroactive contributions for the month(s) during which contributions were interrupted. If the employee has not selected a TSA provider and submitted the TSA form to the District by November 15, the District will enroll the employee with the default TSA provider on about November 16 of that year and make contributions retroactively for the month(s) contributions were interrupted. 2. If contributions are interrupted between November 16 and July 31, the employee may select a new provider and submit the required form to the District, and the District will make prospective contributions. If the employee has not enrolled with a new provider and submitted the required form within three months of the interruption, the District will enroll the employee in the default plan and will make contributions on a prospective basis only.

RETIREMENT PLAN B. a. Unit members hired on or after July 1, 1998 are eligible for the Plan B Supplemental Retirement benefits. The District will begin paying the Plan B benefit under the terms of this Section after January 1, 1999 as part of an eligible unit member’s monthly salary payment. The District will make the monthly TSA payment to a TSA company selected from the District list of TSA companies retroactive to the first month of eligibility when a unit member has submitted a completed and executed District TSA enrollment form to the District Payroll Department within three months of initial eligibility. The unit member will maintain the TSA form required by the District. If a unit member has not submitted a completed and executed form selecting a TSA company within three months of the unit member’s initial eligibility for the District TSA payment, the member may complete the TSA enrollment form at a later date; in such a case, then the District will enroll the unit member in the TSA company and plan that has been jointly selected by the District and Association. The District will then make the monthly TSA contribution for payments to that member prospectively and will make a one-time contribution company retroactive to the unit member’s first month of TSA account equivalent to three monthly TSA contributionspayment eligibility on or after August, 2007. b. The District monthly TSA contribution will be $50 for the first two years of a unit member’s eligibility for the Plan B TSA contribution. The District monthly TSA contribution will increase as follows for future years of eligibility: 1. Third year of eligibility - $75 2. Sixth year of eligibility - $100 3. Tenth year of eligibility - $150 4. Thirteenth year of eligibility - $175 c. A unit member who PERS or OPSRP retires from the District and who received the Plan B TSA contribution will have the opportunity to participate in the District’s retiree medical insurance program on a self-pay basis until s/he qualifies for Medicare coverage at age sixty-five (65) or due to Social Security DisabilityDisability prior to age 65. The retired unit member’s spouse / domestic partner may participate in the District’s retiree medical insurance program on a self-pay basis subject to the eligibility terms in section 4.9.1.f.4 4.10.1.f.4 above. d. The following provisions apply when a TSA provider leaves the market such that an employee enrolled with that provider has an interruption in District TSA contributions: 1. If contributions are interrupted between August 1 and November 15 of any given year, the employee may enroll with a new provider by November 15 of that year and submit the required form to the District, and the District will make retroactive contributions for the month(s) during which contributions were interrupted. If the employee has not selected a TSA provider and submitted the TSA form to the District by November 15, the District will enroll the employee with the default TSA provider on about November 16 of that year and make contributions retroactively for the month(s) contributions were interrupted. 2. If contributions are interrupted between November 16 and July 31, the employee may select a new provider and submit the required form to the District, and the District will make prospective contributions. If the employee has not enrolled with a new provider and submitted the required form within three months of the interruption, the District will enroll the employee in the default plan and will make contributions on a prospective basis only.