Common use of HRA VEBA Clause in Contracts

HRA VEBA. 22 The County shall contribute one percent (1.0%) of each employee’s 23 hourly rate (defined as 1.0% of base and overtime wages) toward each employee’s 24 individual HRA-VEBA account. The conversion of wages to benefits will reduce the 25 employee’s hourly wage by 1.0%. The conversion of 1% of wages to benefits is applied 26 to the compensation calculation of base wages and overtime for each payroll period. 27 The result is that the 1% will vary based upon the number of hours worked and any 28 increases in compensation to the base hourly wage, either as a step increase or 29 subsequent COLA increase. 30 This HRA-VEBA contribution process will remain in place unless otherwise 31 changed by the parties.

HRA VEBA. 22 49 50 The County shall contribute one percent (1.0%) of each employee’s 23 hourly rate (defined as 51 1.0% of base and overtime wages) toward each employee’s 24 individual HRA-VEBA account. The conversion of 52 wages to benefits will reduce the 25 employee’s hourly wage by 1.0%. The conversion of 1% of wages to benefits 53 is applied 26 to the compensation calculation of base wages and overtime for each payroll period. 27 The result is 54 that the 1% will vary based upon the number of hours worked and any 28 increases in compensation to the base 55 hourly wage, either as a step increase or 29 subsequent COLA increase. 30 56 57 This HRA-VEBA contribution process will remain in place unless otherwise 31 changed by the parties.. 58

HRA VEBA. 22 1 The County shall contribute one percent (1.0%) of each employee’s 23 2 hourly rate (defined as 1.0% of base and overtime wages) toward each employee’s 24 3 individual HRA-VEBA account. The conversion of wages to benefits will reduce the 25 4 employee’s hourly wage by 1.0%. The conversion of 1% of wages to benefits is applied 26 5 to the compensation calculation of base wages and overtime for each payroll period. 27 6 The result is that the 1% will vary based upon the number of hours worked and any 28 7 increases in compensation to the base hourly wage, either as a step increase or 29 8 subsequent COLA increase. 30 9 This HRA-VEBA contribution process will remain in place unless otherwise 31 10 changed by the parties.