RHSP definition
Examples of RHSP in a sentence
Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.
Effective December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.
The City’s participation in the RHSP shall be in accordance with the terms and conditions of the RHSP participation agreement.
Further details on unused accumulated vacation leave and RHSP are set forth in Article Four of this agreement.
The employee is responsible for paying any post retirement RHSP service fees and holds the City harmless for any taxes incurred from their utilization of the RHSP.
Section 7: Effective the pay period that includes July 1, 2021, the CITY will make a one and seven tenths percent (1.70%) of base pay contribution each pay period to a retirement health savings plan (RHSP) for each employee covered by this Agreement.
Transfer to the employee’s RHSP account as set forth in Article Four.
The County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.
Unit employees must have their unused accumulated vacation leave paid at the current base rate of pay to the employee’s RHSP account upon retirement subject to IRS regulations.
The Retiree Health Savings Plan (RHSP) enables retiring unit employees the opportunity to convert unused accumulated sick leave hours to pre-tax monies to be used for the retirees’ medical insurance costs during their retirement.