MSRS Health Care Savings Plan Sample Clauses

MSRS Health Care Savings Plan. ‌ Employees who, for reasons other than layoff or death, are eligible to receive severance pay shall have one hundred percent (100%) of severance pay, as defined in Article 18, Section 1, deposited to an MSRS health care savings account in lieu of payment in cash. Employees who do not meet the requirements for the health care savings account, or whose combined vacation and severance pay totals less than five hundred dollars ($500), shall receive the severance payment in cash. Employees who are eligible to receive payment for accrued and unused vacation upon separation from employment pursuant to Article 11, Section 1 of this Agreement, shall have one hundred percent (100%) of such vacation pay deposited to an MSRS health care savings account in lieu of payment in cash. Employees who do not meet the requirements for the health care savings plan account, or whose combined vacation and severance pay totals less than five hundred dollars ($500), shall receive the vacation pay in cash. Employees who are eligible to receive a vacation payoff, but not severance, are still required to participate in the Health Care Savings Plan.
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Related to MSRS Health Care Savings Plan

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

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