Retiree Medical for Employees Hired on or after May 1, 2012 Sample Clauses

Retiree Medical for Employees Hired on or after May 1, 2012. Employees hired on or after May 1, 2012 shall receive the following contributions to a Retirement Health Savings Account, based on years of service with CCFD. Years of Service Dept Contribution 0 years of service to the end of the 4th year of service 2.0% of Base Salary Beginning of the 5th year of service to the end of the 19th year of service 3.0% of Base Salary Beginning of the 20th year of service or more 5.0% of Base Salary Vesting for this program is 0% until the end of year 10; then 100% vested as of the beginning of the 11th year.
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Related to Retiree Medical for Employees Hired on or after May 1, 2012

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Regular Employees A regular employee is an employee who has either served the required probationary term or has previously been employed in one of the other categories and has satisfactorily met the job requirements. The employee occupies a position that is considered part of the ongoing organization of OPG.

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