Common use of Tier 2 Retiree Medical Savings Plan Clause in Contracts

Tier 2 Retiree Medical Savings Plan. 1. For Tier 2 employees, the City shall contribute $750 per month (pre-tax) to a Retiree Medical Savings Plan (specifics to be determined at a later date) for the purpose of providing a savings plan for each employee to purchase medical insurance upon retirement. The City agrees that at no time will the contribution, toward the Retiree Medical Savings Plan for Tier 2 employees, drop below the contribution that was in effect July 1, 2012.

Tier 2 Retiree Medical Savings Plan. 1. For Tier 2 employees, the City shall contribute $750 per month (pre-tax) to a Retiree Medical Savings Plan (specifics to be determined at a later date) for the purpose of providing a savings plan for each employee to purchase medical insurance upon retirement. The City agrees that at no time will the contribution, contribution toward the Retiree Medical Savings Plan for Tier 2 employees, employees drop below the contribution that was in effect July 1, 2012.