Common use of Employee Contribution Toward Retiree Medical Obligation Unfunded Liability Clause in Contracts

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective October 13, 2014, all coded employees shall contribute on a biweekly basis an amount to ten dollars ($10.00) of the lowest cost early retiree premium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premium. Such contributions are to be made on an after-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective October 13pay period 16/11, 2014May 9, 2016, all coded employees shall contribute on a biweekly basis an amount to ten thirteen dollars and fifty cents ($10.0013.50) of toward the lowest cost early retiree premium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premiummedical obligation unfunded liability. Such contributions are to be made on an aftera pre-tax basis basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective October 13pay period December 21, 2014, 2015 all coded employees shall contribute on a biweekly basis an amount to ten fifteen thirteen dollars and fifty cents ($10.0015.0013.50) of toward the lowest cost early retiree premium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premiummedical obligation unfunded liability. Such contributions are to be made on an aftera pre-tax basis basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective October 13September 1, 20142014 (pay period 14/19), all coded OPEB contributions will be suspended. Beginning March 23, 2020 August 31, 2015 (pay period 15/19), employees shall contribute $15.0013.50 on a biweekly basis an amount to ten dollars ($10.00) of toward the lowest cost early retiree premium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premiumpremium rate. Such contributions are to be made on an aftera pre-tax basis basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-post- employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective October 13September 1, 20142014 (pay period 14/19), all coded OPEB contributions will be suspended. Beginning August 31, 2015 (pay period 15/19), employees shall contribute $13.50 on a biweekly basis an amount to ten dollars ($10.00) of toward the lowest cost early retiree premium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premiumpremium rate. Such contributions are to be made on an aftera pre-tax basis basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.