SCRHI Trust Fund definition

SCRHI Trust Fund means the South Carolina Retiree Health Insurance Trust Fund established pursuant to Section 1‑11‑705 to fund the employer cost for health benefits for retired state employees and retired public school district employees.
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Examples of SCRHI Trust Fund in a sentence

  • The administrative costs related to the administration of the SCRHI Trust Fund, and the investment and reinvestment of its funds, may be funded from the earnings of the SCRHI Trust Fund.

  • After the initial fiscal year the RSIC assumes this investing function, the annual investment plan for the SCRHI Trust Fund must be approved by the commission no later than June first of each year for the fiscal year beginning July first of the same calendar year.

  • If the Retiree has fewer than fifteen (15) years of Earned Service, the Retiree is not eligible for funding for premiums from the SCRHI Trust Fund and the Retiree must pay the total premium (i.e., both the employee and the employer portion) for coverage under the Plan.

  • A Retiree who participates in the Plan pursuant to this subparagraph is not eligible for funding from the SCRHI Trust Fund for any portion of the total premium required for the Retiree’s coverage under the Plan.

  • If the Retiree has at least fifteen (15), but fewer than twenty-five (25) years, of Earned Service, fifty percent (50%) of the employer portion of the Retiree’s premium shall be paid by the SCRHI Trust Fund.

  • If the Retiree has at least twenty-five (25) years of Earned Service, the employer portion of the Retiree’s premium shall be paid by the SCRHI Trust Fund.

  • Upon attaining age sixty (60) or the date the Retiree would have accrued twenty-eight(28) years of service credit, the Retiree’s eligibility for funding from the SCRHI Trust Fund is determined in accordance with subparagraphs (B)(1) through (B)(4) of this paragraph above.

  • An Employer that does not participate in the SCRHI Trust Fund, at its discretion, may elect to pay none, all, or a portion of the total premium for its Retirees’ coverage.

  • Earnings on the SCRHI Trust Fund must be credited to it and unexpended funds carried forward in it to succeeding fiscal years.

  • If a Retiree whose last Employer prior to Retirement participates in the SCRHI Trust Fund does not meet any of the requirements in subparagraphs (B)(2) or (B)(3) below for funding from the SCRHI Trust Fund, the Retiree is responsible for paying the total premium (i.e., both the employee and employer portion) for Retiree coverage under the Plan.

Related to SCRHI Trust Fund

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any related assets. Trustee: U.S. Bank National Association or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be. Any capitalized terms used and not defined in this Agreement shall have the meanings ascribed to such terms in the Trust Agreement.

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • Plan Trust means the trust governed by the Plan.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Grantor Trust means a Trust other than a RIC.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;