RHSP Contribution Clause Samples

RHSP Contribution. Effective on or about January 1, 2010, the Village will contribute $1,100 per calendar year for each non-probationary employee into a Retirement Health Savings Plan offered by the ICMA Retirement Corporation (hereinafter referred to as the “RHS Plan”) created for this bargaining unit, pro rata for persons employed in such capacity for less than a full calendar year. Employee eligibility for participation in the RHS Plan, as well as contribution elections, withdrawals, qualified expenses, benefits provided and the tax effect of providing those benefits shall all be governed by the terms and conditions set forth in the RHS Plan document, as the same may be changed from time-to-time by the Village or the Plan Administrator.