Common use of Health Care Savings Plan Clause in Contracts

Health Care Savings Plan. All employees shall contribute one percent (1%) of their gross earnings subject to retirement into a personal Health Care Savings Plan account with the Minnesota State Retirement System each pay period. The contribution shall occur regardless of whether or not the employee’s position is retirement eligible. Employees with twenty (20) or more years continuous service who separate from State service, for reasons other than layoff or death or discharge with just cause, who are eligible to receive severance pay, and who are immediately eligible for retirement benefits, will have one hundred percent (100%) of severance pay and one hundred percent (100%) of vacation leave payout converted to a tax-sheltered Health Care Savings Plan (HCSP). Employees with less than twenty

Health Care Savings Plan. ‌ All employees shall contribute one percent (1%) of their gross earnings subject to retirement into a personal Health Care Savings Plan account with the Minnesota State Retirement System each pay period. The contribution shall occur regardless of whether or not the employee’s position is retirement eligible. Employees with twenty (20) or more years continuous service who separate from State service, for reasons other than layoff or death or discharge with just cause, who are eligible to receive severance pay, and who are immediately eligible for retirement benefits, will have one hundred percent (100%) of severance pay and one hundred percent (100%) of vacation leave payout converted to a tax-sheltered Health Care Savings Plan (HCSP). Employees with less than twenty

Health Care Savings Plan. All employees shall contribute one percent (1%) of their gross earnings subject to retirement into a personal Health Care Savings Plan account with the Minnesota State Retirement System each pay period. The contribution shall occur regardless of whether or not the employee’s position is retirement eligible. Employees with twenty (20) or more years continuous service who separate from State service, for reasons other than layoff or death or discharge with just cause, who are eligible to receive severance pay, and who are immediately eligible for retirement benefits, will have one hundred percent (100%) of severance pay and one hundred percent (100%) of vacation leave payout converted to a tax-sheltered tax‐sheltered Health Care Savings Plan (HCSP). Employees with less than twenty