HRA VEBA. 7 The County will contribute into a Health Reimbursement Account - 8 Voluntary Employee Beneficiary Association (HRA-VEBA) for each employee 9 covered by this agreement in accordance with the provisions of Addendum C. 11 any year by mutual agreement of the parties.
HRA VEBA. Mandatory Employee Contributions (no individual elections permitted): The Employer and Association agree that the Association’s compensation package will be changed in accordance with Appendix D, HRA VEBA.
HRA VEBA. The County agrees to allow the bargaining unit to make employee- funded contributions to a County-designed HRA/VEBA in accordance with applicable IRS rules on an annual basis by providing notice to the County by October 1. The decision to participate shall be made by a vote of the members and communicated to the County by the Union. If the membership votes to participate, all members are required by IRS rules to contribute the same amount.
HRA VEBA. Upon request of the Guild the Employer will implement within a 60 day period a HRA VEBA. Members of the Guild in conjunction with other authorized employees as determined by the Guild shall be eligible to participate in this retirement health savings program in accordance with the program rules and deferment options and IRS regulations.
HRA VEBA. 49 50 The County shall contribute one percent (1.0%) of each employee’s hourly rate (defined as 51 1.0% of base and overtime wages) toward each employee’s individual HRA-VEBA account. The conversion of 52 wages to benefits will reduce the employee’s hourly wage by 1.0%. The conversion of 1% of wages to benefits 53 is applied to the compensation calculation of base wages and overtime for each payroll period. The result is 54 that the 1% will vary based upon the number of hours worked and any increases in compensation to the base 55 hourly wage, either as a step increase or subsequent COLA increase. 56 57 This HRA-VEBA contribution process will remain in place unless otherwise changed by the parties. 58
HRA VEBA. The County will set up a HRA/VEBA account for each eligible employee. The County will set aside funds each year as provided for in the attached LOA.
HRA VEBA. The City shall contribute 3.6% of each employee’s base wages to each employee’s HRA VEBA account. HRA VEBA funds, once deposited, are used at the employee’s request for reimbursement of eligible medical expenses on behalf of the employee or eligible dependents in accordance with IRS regulations and the rules of the HRA VEBA trust.
HRA VEBA. In year one of the agreement (2018-19), the City will continue to contribute two percent (2%) of base pay per pay period (exclusive of overtime, stand-by, out- of-class, premium, special allowance, etc.) to the HRA VEBA Medical Reimbursement Plan account on behalf of each employee. Effective July 1, 2019, the City’s contribution to employees’ HRA VEBA Medical Reimbursement Plan accounts will increase by one percent (1%).
HRA VEBA. The CITY shall make available an HRA VEBA program to fund unreimbursed current or future medical expenses. The ASSOCIATION as a unit may elect to have a specific dollar amount per employee, per pay period contributed to the members’ individual HRA VEBA account in lieu of actual wage payment. The ASSOCATION members must vote if they want to exercise this option and inform the CITY of their choice for contributions for the upcoming fiscal year by May 31st or the date designated by Human Resources.
HRA VEBA. Effective July 1, 2006, and each month thereafter, the City will contribute an additional one percent (1%) of an employee’s monthly salary into a tax-free VEBA account, and once a year on January 15, the City will put the cash equivalent of all hours over forty (40) hours of compensatory time into the employee’s VEBA account.
