Retiree Benefit. Any unit member who retires from the City on or after January 1, 1987, who has ten years or more of service with the City in either a permanent full-time or permanent part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as they maintains their enrollment in a PEMHCA health plan the following benefit:
Retiree Benefit. Any represented employee who retires from the City on or after January 1, 1987, who has ten (10) years or more of service with the City in either a permanent full- time or permanent part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as he/she maintains his/her enrollment in a PEMHCA health plan for represented employee and one (1) dependent the following benefit: effective January 1, 2003, the lesser of a monthly payment of four hundred twenty five dollars and forty-two cents ($425.42) or one hundred percent (100%) of the represented employee’s PEMHCA plan premium computed by combining the provisions of Section 8.2 above with this benefit. These payments shall be made on a quarterly basis. The City shall provide the option of direct deposit if it becomes available for this benefit. The obligations set forth in this subsection shall be subject to the following conditions:
Retiree Benefit. (Applies to SB1, SC1, and SD1 only) Any unit member who retires from the City on or after January 1, 1987, who has ten (10) years or more of service with the City in either a full-time or part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as he/she maintains his/her enrollment in a PEMHCA health plan the following benefit: effective January 1, 2003, the lesser of a monthly payment of four hundred twenty-five and forty-two cents ($425.42) or one hundred percent (100%) of the unit member’s PEMHCA plan premium for the unit member and one dependent computed by combining the provisions of 7.1.2 above with this benefit. These payments shall be made on a quarterly basis. The City shall provide the option of direct deposit if it becomes available for this benefit. The obligations set forth in this subsection shall be subject to the following conditions:
Retiree Benefit. Any represented employee who has ten (10) years or more of service with the City in either a permanent full-time or permanent part-time position, and who enrolls in a PERS PEMHCA plan shall receive for such time as he/she maintains his/her enrollment in a PEMHCA health plan for represented employee and one dependent the following benefit: the lesser of a monthly payment of four hundred twenty-five and forty-two cents ($425.42) or one hundred percent (100%) of the represented employee’s PEMHCA plan premium computed by combining the provisions of Section 8.2 above with this benefit. These payments shall be made on a quarterly basis. The obligations set forth in this subsection shall be subject to the following conditions:
Retiree Benefit. A) Funding at an annual rate of 0.25% of straight time annual payroll shall be provided to contribute toward Extended Health Care Benefits for employees retiring on or after October 1, 2002. This fund/Benefit Plan will be governed by the Joint Board of Trustees established pursuant to Article 15.15.5 A).
Retiree Benefit. Eligible retirees may remain covered under the same health insurance plan, and under the same terms and conditions, as for current employees, consistent with the following schedule. This benefit shall be subject to the rules of the insurance carrier.
Retiree Benefit. Effective July of 1996, the City agrees to pay to the Union seventy thousand dollars ($70,000) per fiscal year of this MOU for the benefit of the retirees. This contribution is paid twice yearly in increments of thirty-five thousand dollars ($35,000). The first payment is due July 1 of each year and the second payment is due January 1, of each year. The BFF will administer the application of this benefit for its retirees. The BFF and its retirees are solely responsible for the tax treatment of any payments or reimbursements of such amounts to the retirees.
Retiree Benefit. The Employer agrees to pay the amount of twenty cents ($0.20) effective May 8, 2010, twenty cents ($.0.20) continuing on May 1, 2011 and twenty-five cents ($0.25) effective May 1, 2012 per hour worked by each employee represented by Local 183 to the Universal Workers Union Local 183 Retiree Benefit Trust Fund (―the Retiree Benefit Fund‖) for the purpose of purchasing benefits as contemplated by the Agreement and Declaration of Trust establishing the said Retiree Benefit Fund; The Employer shall remit contributions to the Local 183 Members’ Benefit Fund monthly, together with a duly-completed Employers’ Report Form, by the fifteenth (15th) day of the month following the month for which the payment is due for payment to the said Retiree Benefit Fund.
Retiree Benefit. The City shall pay BPOA forty-five thousand dollars ($45,000) per fiscal year of this MOU for the benefit of retirees, who retired prior to 1999. These payments are to be paid by August 1. These August 1st payments will be payment for the previous fiscal year. The BPOA will administer the application of this benefit for its retirees. The retirees are solely responsible for the tax treatment of any payments or reimbursements of such amounts to the retirees. Effective February 5, 2012, the City will contribute $27 per month per active employee to the individual employee’s VEBA account. The City will continue with the $45,000 retiree medical contribution pursuant to this subsection for distribution amongst retirees who retired prior to 1999. Those retirees will continue receiving the current monthly amount and such amount (effective January 1, 2012) shall remain unchanged. The City’s $45,000 contribution will diminish as individual retirees cease to draw funds. At that same time, the VEBA contribution to individual employee accounts will begin to increase. The amount of the increase will be established at the beginning of each fiscal year based on the amount the existing retiree medical pool (the original $45,000 Agreement) diminishes the previous fiscal year. After all former BPOA represented employees have left the retiree medical pool, the City shall no longer make that contribution to BPOA, as all dollars will have been diverted to the individual employee VEBA retiree medical accounts on a pro rata basis.
Retiree Benefit. Effective July 1997, the City agrees to pay to the BFF-COU $4,175 once annually for the benefit of retirees. The BFF-COU will administer the application of this benefit for its retirees. The BFF-COU and its retirees are solely responsible for the tax treatment of any payments or reimbursements of such amounts to the retirees.
