Retirement Health Savings Account. Bargaining unit employees shall be eligible for a City contribution to a Retirement Health Savings account under the same terms and conditions as the City’s Administrative Officers, which may be amended from time to time.
Retirement Health Savings Account. A. Due to mandates to changes in the Police Pension Plan by the State of Florida, which disallowed certain accrued sick leave time from being counted as work time for pension benefit calculation purposes, the new benefit set forth in this article is agreed to by the parties as a replacement for the "lost pension benefits" resulting from that decision.
Retirement Health Savings Account. The County shall work with the Association to establish as soon as feasible a Retiree Medical Savings mechanism that employees may make regular contributions to on a pretax basis. If possible the plan should include the ability to make lump sum contributions. The establishment of this plan shall be by mutual agreement. There shall be no cost to the County during the duration of this agreement.
Retirement Health Savings Account. 11.1 The Town agrees to create a Retirement Health Savings Account (RHSA) for members of the collective bargaining unit. The RHSA will contain the following provisions:
Retirement Health Savings Account. All employees in the Unit will continue to be enrolled in the RHS Account (RHSA) in accordance with the Plan design. The administration costs of maintaining this RHSA will be borne by the City. For calendar year 2019, separation pay contributions to each employee’s RHSA shall be as specified in the side letter of agreement attached to this document and identified as Exhibit “D”. The Unit may elect to change the above conversion of separation pay arrangement for each successive calendar year of this Agreement. The Unit must notify the City’s Human Resources Department in writing no later than November 30th of the change(s) to be made for the following calendar year. In the event notification is not received by the deadline, the separation pay arrangement in effect at the time will continue for the following calendar year. During the term of this MOU, employees in this bargaining unit may elect to contribute a set amount of salary to the RHSA. The City shall be notified of any such election sixty (60) days prior to the effective date.
Retirement Health Savings Account. The Town shall contract with MissionSquare to provide a vehicle for retiree medical expenses. Employees shall contribute twenty-five dollars ($25.00) per pay period into their MissionSquare RHS account. The Town shall contribute three hundred and seventy-five dollars ($375) per month into each employee’s MissionSquare RHS account.
Retirement Health Savings Account. The County provides employees a MissionSquare retiree health savings account (a health reimbursement arrangement as described in Internal Revenue Service Notice 2002-45). Employees may withdraw benefits from the plan upon separation from employment per the requirements of the plan. The County contributes fifty dollars ($50.00) per month into the employees MissionSquare retiree health savings account. The County pays the administrative fees as charged by the plan. Employees contribute fifty dollars ($50.00) per month into the employees MissionSquare retiree health savings account. DSA may increase the employee contribution amount annually by notifying Human Resources no later than November 15, to be effective the first full pay period in January of the following year, employee contributions will be listed in Appendix “B”. This provision shall be effective no later than July 1, 2023.
Retirement Health Savings Account. The Town shall contribute one percent (1%) of the employee’s wages into the Town’s “Retirement Health Savings (RHS) Plan” on a pretax basis, as defined by the Internal Revenue Service. This contribution will occur with each bi-weekly payroll.
Retirement Health Savings Account. The City’s RHS contribution shall remain at 0.5% through the term of the extension (June 24, 2023). The City’s RHS contribution shall return to 1.0% on June 25, 2023.
Retirement Health Savings Account. Section 34.1: Previously, a Retirement Health Savings Account for the benefit of members employed as of 3/7/06 was established. This benefit was only available to those bargaining unit members that are employed as of 3/7/06. Rehired members were only entitled to this benefit based on their current completed years of service. Effective April 30, 2021, the City will suspend all further contributions to the Retirement Health Savings Account. Accounts will not be created for employees hired after the date of ratification.
