VEBA Sick Leave Conversion Medical Reimbursement Plan. The District has adopted the VEBA Sick Leave Conversion Medical Reimbursement Plan and agrees to provide the benefit based on rules and regulations contained in the current VEBA Administrator’s Handbook as developed and as may be amended by the VEBA Plan Administrator in accordance with RCW 28A.400.210 and WAC 392.136. 1 The Association shall notify the District of its intention to participate in VEBA III Plan, annually, prior to December 31 of each year.
VEBA Sick Leave Conversion Medical Reimbursement Plan. The parties agree to adopt the VEBA III Sick Leave Conversion Medical Reimbursement Plan as per the Letter of Understanding between the Ferndale School District and the Ferndale Principals' Association dated July 1, 1999.
VEBA Sick Leave Conversion Medical Reimbursement Plan. The district has adopted the VEBA Sick Leave Conversion Medical Reimbursement Plan, pursuant to RCW 28.A400.210, and agrees to make contributions to the plan on behalf of all employees who have excess sick leave conversion rights. In accordance with the statute, contributions on behalf of each eligible employee will be based on the conversion value of sick leave credits the employee has accumulated at the time of his or her retirement or separation from the district. As per statute, all eligible employees will be required to sign and submit to the district a VEBA membership form that includes a “Hold Harmless” agreement. If an eligible employee fails to sign and submit this agreement, he or she will not be permitted to participate in the plan at any time during the term of this contract. Without a signed agreement, an employee’s excess sick leave conversion rights will be forfeited for the term of the contract. All employees who retire or separate from service and who meet the eligibility requirements in RCW 28A.400.210 during the term of this contract will be eligible for contributions to the plan. State law allows up to 180 days to be contributed to the plan on behalf of a retiring employee. For retiring employees, “excess sick leave” is defined as sick leave days that accrue for an employee during the term of this contract. Annual participation in the plan is limited to those employees who have accumulated at least 180 days of unused sick leave as of the effective date of this contract. To be eligible for annual participation in the plan, employees must have accumulated at least 180 days of unused sick leave on the date this contract goes into effect. The terms of this VEBA agreement will be renewed every year by the end of December based on a vote of the eligible membership.
VEBA Sick Leave Conversion Medical Reimbursement Plan. The district has adopted the VEBA Sick Leave Conversion Medical Reimbursement Plan, pursuant to RCW 28.A400.210, and agrees to make contributions to the plan on behalf of all employees who have excess sick leave conversion rights. In accordance with the statute, contributions on behalf of each eligible employee will be based on the conversion value of sick leave credits the employee has accumulated at the time of his or her retirement or separation from the district. As per statute, all eligible employees will be required to sign and submit to 1259 the district a VEBA membership form that includes a “Hold Harmless” agreement. If an eligible employee 1260 fails to sign and submit this agreement, he or she will not be permitted to participate in the plan at any 1261 time during the term of this contract. Without a signed agreement, an employee’s excess sick leave 1262 conversion rights will be forfeited for the term of the contract. 1263 All employees who retire or separate from service and who meet the eligibility requirements in RCW 1264 28A.400.210 during the term of this contract will be eligible for contributions to the plan. State law allows 1265 up to 180 days to be contributed to the plan on behalf of a retiring employee. For retiring employees, 1266 “excess sick leave” is defined as sick leave days that accrue for an employee during the term of this 1267 contract. 1268 Annual participation in the plan is limited to those employees who have accumulated at least 180 days of 1269 unused sick leave as of the effective date of this contract. To be eligible for annual participation in the 1270 plan, employees must have accumulated at least 180 days of unused sick leave on the date this contract 1271 goes into effect. The terms of this VEBA agreement will be renewed every year by the end of December 1272 based on a vote of the eligible membership. 1273 1274 SECTION 15: LEAVES 1275 Sick Leave 1276 As used in this section, employee's “relative" means the employee’s spouse, domestic partner, (For 1277 definition: see Section 14: Insurance Benefits), child, stepchild, grandchild, grandparent, parent, sibling,
