Common use of Eligibility and Payment Terms Clause in Contracts

Eligibility and Payment Terms. ‌ Eligibility Monthly Payment Duration LEOFF I 20 years of service and eligible for retirement $300 5 years (60 months) LEOFF II 20 years of service and eligible for retirement $500 8 years (96 months) DISPATCH 20 years of service and eligible for retirement $500 8 years (96 months) The monthly payment will be paid into a VEBA in the member’s name. Members will have access to reimbursement from the initial monthly VEBA contribution for eligible expenses incurred on or after the first day of the month following separation. Members will have access to reimbursement from subsequent monthly contributions for eligible expenses incurred on or after the first day of each subsequent month.