VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS Sample Clauses

VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, employees in the bargaining unit and the College may agree to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out. A VEBA of employees covered by this Agreement will be implemented only by written agreement with the Union.
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VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, the bargaining unit has agreed to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out in Section 14.13, above. Should the bargaining unit wish to conduct a vote to determine whether a VEBA will continue for the next calendar year, the Union must notify the Employer by July 1st. RULE 15 - SEVERANCE PAY
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VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. 3 In accordance with state and federal law, colleges/districts and employees in bargaining 4 units may agree to form a VEBA (tax-free medical spending accounts) funded by the 5 6 Agreement will be implemented only by written agreement with the Union.
Sample 1

Related to VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS

  • 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.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • On-Call Employment The Employer may fill a position with an on-call appointment where the work is intermittent in nature, is sporadic and it does not fit a particular pattern. The Employer may end on-call employment at any time by giving one (1) day’s notice to the employee.

  • Supplementary Employment Insurance Benefits (1) Birth mothers who are entitled to maternity leave and who have applied for and are in receipt of Employment Insurance benefits are eligible to receive XXXX Plan payments.

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

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