Common use of Tier 2: Employees Hired On Or After Clause in Contracts

Tier 2: Employees Hired On Or After. January 1, 2010 Employees hired into the unit as new employees by the City on or after January 1, 2010 who retire from the City will receive the PERS statutory minimum paid by the City. In addition, for employees hired into the unit as new employees on or after January 1, 2010, in lieu of additional retiree medical insurance benefits, the City shall, while the employees are working for the City, contribute the sum of $150.00 per month, $75.00 per pay period for twenty-four (24) pay periods – (there will be no contribution in the third pay period of any month which has three pay periods) to a health retirement account on behalf of such employees. For employees who enter the unit on or after January 1, 2010 who were City employees as of December 31, 2009, they will receive retiree medical benefits as though they were a member of the bargaining unit prior to January 1, 2010.

Tier 2: Employees Hired On Or After. January 1, 2010 Employees hired into the unit as new employees by the City on or after January 1, 2010 who retire from the City will receive the PERS statutory minimum paid by the City. In addition, for employees hired into the unit as new employees on or after January 1, 2010, in lieu of additional retiree medical insurance benefits, the City shall, while the employees are working for the City, contribute the sum of $150.00 per month, $75.00 per pay period for twenty-four (24) pay periods – (there will be no contribution in the third pay period of any month which has three pay periods) periods to a health retirement account on behalf of such employees. For employees who enter the unit on or after January 1, 2010 who were City employees as of December 31, 2009, they will receive retiree medical benefits as though they were a member of the bargaining unit prior to January 1, 2010.

Tier 2: Employees Hired On Or After. January 1, 2010 Employees hired into the unit as new employees by the City on or after January 1, 2010 who retire from the City will receive the PERS statutory minimum paid by the City. In addition, for employees hired into the unit as new employees on or after January 1, 2010, in lieu of additional retiree medical insurance benefits, the City shall, while the employees are working for the City, contribute the sum of $150.00 per month, ($75.00 75.0069.23 per pay period period) for twenty-four (24) pay periods – (there will be no contribution in the third pay period of any month which has three pay periods) periods to a health retirement account on behalf of such employees. For employees who enter the unit on or after January 1, 2010 who were City employees as of December 31, 2009, they will receive retiree medical benefits as though they were a member of the bargaining unit prior to January 1, 2010.