Common use of Annual Payment Clause in Contracts

Annual Payment. The District shall make an annual payment of up to the amount indicated in the accompanying table for the year of retirement annually to the retiree’s Minnesota State Retirement System (MSRS) post-retirement health care savings account for those who meet the eligibility requirements in 9.10.2. This payment is to reimburse retirees for medically-related expenses, including health insurance premiums through payments from their MSRS account.

Appears in 6 contracts

Samples: mft59.mn.aft.org, humanresources.mpls.k12.mn.us, humanresources.mpls.k12.mn.us

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