Retiree Health Care Spending Account Sample Clauses

Retiree Health Care Spending Account. [14] Effective January 1, 2019, the Corporation shall provide a post age 65 Retiree Health Care Spending Account applicable only to eligible retired employees, as follows: The Corporation shall provide a post age 65 Retiree Health Care Spending Account for eligible retired employees who are enrolled in the existing health benefit plan at age 65. The Retiree Health Spending Account will be available to those eligible retired employees from age 65 to age 70 as of January 1, 2019. The plan when implemented will have no retroactivity to those eligible retired employees who, prior to January 1, 2019, have exhausted the existing health benefit plan and/or have reached age 65 The annual amount available to eligible retired employees under the plan will be $3000/year. In addition to the above, those eligible for the plan must be qualified to receive an unreduced pension at the time of retirement in accordance with the terms established by XXXXX; and, The eligible retired employees must be in receipt of an unreduced pension; Claims for reimbursement must be made first through the Ontario Health Insurance Plan (OHIP), the Ontario Drug Plan (ODP), or other such public or provincial insurance plan as may be applicable. Reimbursement will be provided for medical or dental expenses to the extent those expenses exceed the coverage available from OHIP, ODP or other applicable public insurance plan. The Retiree Health Care Spending Account will be applicable to the eligible retired employees and spouse only (to a combined maximum of $3000/year). The Retiree Health Care Spending Account will be non-cumulative. There is no redeemable cash value. In the event that the eligible retired employees (and spouse when applicable) do not exhaust the maximum entitlement for the year, the balance cannot be carried over into the subsequent year.
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Retiree Health Care Spending Account. The Employer agrees to provide a Retiree Health Care Spending Account in the amount of five hundred dollars ($500.00) per benefit year for those full time legacy MLCC employees transitioned to LGA on April 1st 2014, who retire in accordance with the Civil Service Superannuation Act on or after the date of signing. Xxxxx, Xxxxxx Basset, Xxxxx Xxxxx, Xxxxx Xxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxx, Xxxxx Xxxxxxxx Xxxx Xxxxxxxx, Xxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxx Xxxx, Xxxxx Xxxxxxx, Xxxx Harapiak, Xxxxxx Honey, Xxxxxxxxxx Xxxxxxx, Xxxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxx Xxxxxxxx, Xxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, Xxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxx Xxxxxx, Xxxx X’Xxxxxx, Xxxxxx Xxxxx, Xxx Xxxx, Xxxxxxxx Xxxxxx, Xxxxxx Xxxxxxxxxxxxx, Xxxxxx Xxxxxx, Xxxxxxx Xxxxxx, Xxxxxxx Memorandum of Agreement between Liquor and Gaming Authority of Manitoba and
Sample 1
Retiree Health Care Spending Account. (HCSA) Effective October 26, 2021, a HCSA of three thousand ($3,000) dollars annually for retirees only, aged sixty-five (65) to seventy-five (75). The HCSA will be pro-rated in the first and final year, depending on the date the retiree moves to the plan. There is no carry- over from year to year and the plan has no cash value/equivalency. Eligible medical expenses are recognized under Canada Revenue Agency (CRA) and subject to change. Coverage is based on eligible medical expenses recognized by CRA at the time the expense is incurred.
Sample 1
Retiree Health Care Spending Account. Commencing January 1, 2006, the Retiree Health Care Account (RHCA) with the provisions outlined below will be available to eligible bargaining unit employees: 1187-5774 San Leandro Hospital 2016-2020 16 • Eligibility: For all regular full-time employees at age 55 or older with 10 or more years of service (floor/minimum); 1,000 hours= 1 year of service= $1,000 for the employee's account.
Sample 1

Related to Retiree Health Care Spending Account

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Account (FSA) Beginning January 1, 1993, an employee may designate an amount per year to be placed into the employee’s Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the employee for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to MTRFA and pension deductions will be based on gross earnings.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

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