HPAE RETIREE TRUST HPAE Retiree Medical Trust Sample Clauses

HPAE RETIREE TRUST HPAE Retiree Medical Trust. 1) Within six (6) months after ratification of the Agreement by the Union, the covered members of the bargaining unit will participate in a referendum vote to participate in a mandatory employee contribution to the HPAE Retiree Medical Trust. Based upon an affirmative vote, the Hospital shall facilitate the payment of a monthly mandatory employee contribution of $.20 per hour for each employee covered by this Agreement. No payroll check-off by employees will be required; instead, provided it is lawful, the employer will transfer one check for this purpose of employee contributions, representing $.20 per hour for each employee who worked in that month. The monthly per capita amount of employee contributions shall be included in each employee’s salary for purpose of calculating retirement benefits. The HPAE will defend and hold the Hospital harmless against any claims or liability arising from the performance of its obligations in this article. The Hospital will not be responsible for making any employer contribution. Upon request of HPAE, the Hospital may, at its option, provide a person of their choice to participate on the Board of Trustees of the HPAE Retiree Trust. 2) Contributions to the Trust shall be due at the Trust office by the end of the month following the month for which the contribution is made. Late payments may be subject to reasonable interest not to exceed 9% per year. 3) The monies contributed to the trust fund shall only be used for retiree health insurance premiums or health service expenses, and the reasonable costs of administering the Trust. The Hospital hereby acknowledges receipt of the Trust Agreement governing the Trust and will cooperate with the Trust Office in reporting and depositing the required contributions set forth above, according to rules set by the Trustees of the Trust. The parties acknowledge the following provision in Article XI, Sections 1 and 2, of the Trust Agreement regarding limitations on the liability of the participating employers: 1. Liabilities and Debts of Trust Fund No signatory party or Trustee, and no participating employer, employer association, labor organization, employee, or beneficiary shall be responsible for the liabilities or debts of the Trust Fund.”