OPEB Trust Sample Clauses
OPEB Trust. The City established a Trust with CalPERS for purposes of funding City-wide retiree health care costs. Employees will make direct contributions to the trust in the following monthly amounts: Safety employees - $100.00 per month Miscellaneous employees - $50.00 per month Tier 2 employees = Safety employees - $100.00 per month Miscellaneous employees - $50.00 per month Tier 3 employees = $0.00 (see section 6.11)
OPEB Trust. Fund Contribution - Effective the 2022-2023 school year, each bargaining unit employee shall have five dollars ($5.00) per paycheck deducted from their check until they have contributed an amount equal to one hundred five dollars per year ($105/yr.) to offset the cost of retiree health insurance in the future. This deduction shall be directly deposited in the OPEB Trust Fund that has been established by the Blackstone-Millville Regional School District for the sole and exclusive purpose of supplementing the future costs of Other Post-Employment Benefits of retirees from the district. Those employees who are hired during the year or on an unpaid leave and/or not receiving checks will begin the deduction once they begin receiving checks, however, the total yearly amount will be pro-rated and they will not be expected to make up deductions.
OPEB Trust. Fund Contribution - Effective the 2022-2023 school year, each bargaining unit employee shall have five dollars ($5.00) per paycheck deducted from their check until they have contributed an amount equal to one hundred five dollars per year ($105.00/yr.) to offset the cost of the retiree health insurance in the future. This deduction shall be directly deposited into the OPEB Trust Fund that has been established by the Blackstone-Millville Regional School District for the sole and exclusive purpose of supplementing the future costs of Other Post-Employment Benefits of retirees from the district.