Common use of Retiree Insurance Benefit Plan Clause in Contracts

Retiree Insurance Benefit Plan. The Board shall contribute to a plan entitled "Retiree Insurance Benefit Plan," hereafter referred to as the "Plan." The purpose of the Plan is to provide money to eligible retirees, which may include other employees and members from other employee groups, for defraying health insurance costs after retirement. The terms of the 2006-2009 Agreement shall remain in force until a non-revocable trust can be established. The trust shall contain the provisions of the 2006-2009 Agreement and shall be modified by the trustees based on the needs of the trust. It is further agreed that when the trust committee is formed it shall be comprised of five (5) union representatives and five (5) Board representatives. The union representatives shall be two (2) appointed by ACTA, and one each from AFSCME, ACESC and APSASAC. The language concerning the formation of the trust committee will be removed from the Agreement once the trust is established. The Board of Education agrees to provide a sum total of $928,857 for the 2016-2017 school year; and thereafter. The cost of establishing the Plan and the administrative expenses of the Plan shall be deducted from the contributions to the Plan.

Retiree Insurance Benefit Plan. The Board shall contribute to a plan entitled "“Retiree Insurance Benefit Plan," ” hereafter referred to as the "“Plan." ” The purpose of the Plan is to provide money to eligible retirees, which may include other employees and members from other employee groups, for defraying health insurance costs after retirement. The terms of the 2006-2009 Agreement shall remain in force until a non-revocable trust can be established. The trust shall contain the provisions of the 2006-2009 Agreement and shall be modified by the trustees based on the needs of the trust. It is further agreed that when the trust committee is formed it shall be comprised of five (5) union representatives and five (5) Board representatives. The union representatives shall be two (2) appointed by ACTAACEA, and one each from AFSCME, ACESC and APSASAC. The language concerning the formation of the trust committee will be removed from the Agreement once the trust is established. The Board of Education agrees to provide a sum total of $928,857 for the 2016-2017 school year; , and thereafter. The cost of establishing the Plan and the administrative expenses of the Plan shall be deducted from the contributions to the Plan.

Retiree Insurance Benefit Plan. The Board shall contribute to a plan entitled "Retiree Insurance Benefit Plan," hereafter referred to as the "Plan." The purpose of the Plan is to provide money to eligible retirees, which may include other employees and members from other employee groups, for defraying health insurance costs after retirement. The terms of the 2006-2009 Agreement shall remain in force until a non-revocable trust can be established. The trust shall contain the provisions of the 2006-2009 Agreement and shall be modified by the trustees based on the needs of the trust. It is further agreed that when the trust committee is formed it shall be comprised of five (5) union representatives and five (5) Board representatives. The union representatives shall be two (2) appointed by ACTA, and one each from AFSCME, ACESC and APSASAC. The language concerning the formation of the trust committee will be removed from the Agreement once the trust is established. The Board of Education agrees to provide a sum total of $928,857 for the 20162013-2017 2014 school year; and thereafter. The cost of establishing the Plan and the administrative expenses of the Plan shall be deducted from the contributions to the Plan.

Retiree Insurance Benefit Plan. The Board shall contribute to a plan entitled "“Retiree Insurance Benefit Plan," ” hereafter referred to as the "“Plan." ” The purpose of the Plan is to provide money to eligible retirees, which may include other employees and members from other employee groups, for defraying health insurance costs after retirement. The terms of the 2006-2009 Agreement shall remain in force until a non-revocable trust can be established. The trust shall contain the provisions of the 2006-2009 Agreement and shall be modified by the trustees based on the needs of the trust. It is further agreed that when the trust committee is formed it shall be comprised of five (5) union representatives and five (5) Board representatives. The union representatives shall be two (2) appointed by ACTA, and one each from AFSCME, ACESC and APSASAC. The language concerning the formation of the trust committee will be removed from the Agreement once the trust is established. The Board of Education agrees to provide a sum total of $928,857 for the 2016-2017 school year; , and thereafter. The cost of establishing the Plan and the administrative expenses of the Plan shall be deducted from the contributions to the Plan.

Retiree Insurance Benefit Plan. The Board shall contribute to a plan entitled "“Retiree Insurance Benefit Plan," ” hereafter referred to as the "“Plan." ” The purpose of the Plan is to provide money to eligible retirees, which may include other employees and members from other employee groups, for defraying health insurance costs after retirement. The terms of the 2006-2009 Agreement shall remain in force until a non-revocable trust can be established. The trust shall contain the provisions of the 2006-2009 Agreement and shall be modified by the trustees based on the needs of the trust. It is further agreed that when the trust committee is formed it shall be comprised of five (5) union representatives and five (5) Board representatives. The union representatives shall be two (2) appointed by ACTA, and one each from AFSCME, ACESC and APSASAC. The language concerning the formation of the trust committee will be removed from the Agreement once the trust is established. The Board of Education agrees to provide a sum total of $928,857 for the 20162013-2017 2014 school year; and thereafter. The cost of establishing the Plan and the administrative expenses of the Plan shall be deducted from the contributions to the Plan.