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25E - AGMT - EMPL BENEFITS
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25E - AGMT - EMPL BENEFITS
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Last modified
8/31/2017 5:04:06 PM
Creation date
8/31/2017 4:28:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Police
Item #
25E
Date
9/5/2017
Destruction Year
2022
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❑ Medimm Supplemental Insurance Premiums <br />❑ Prescription Drug Insurance Premiums <br />❑ COBRA Insurance Premiums <br />❑ Dental Insurance Premiums <br />❑ Dental Out -of -Pocket Expenses' <br />❑ %ision Insurance Premiums <br />❑ Vision Out -of -Pocket Expenses' <br />❑ Qualified LonS'term Care Insurance Premiums <br />❑ Non -Prescription medications allowed under IRS guidance' <br />❑ Other qualifi-ing medical ctpettses (describe)' <br />See Src ion V.A. for a.dimrrdon of nonditrrintination rola which may apply to non-colleainely bargainer!, self-insured Placer. <br />XI. Benefits After the Death of the Participant <br />In the event of a Participant's death, the fallo%ing shall apply: <br />A. Surviving Spouse and/or Surviving Dependents <br />71te surviving spouse and/orsuniving eligible dcpendena (as defined in Section XILD.) of dm deec.acd Participant are <br />immediately eligible to maintain the account and utilize it m fund eligible medical benefits specified in Section X above. <br />Upon notification of a Participant's death, the Participant's account balance will he transferred into Dreyfus Cash <br />Management fund' (or another fund selected by the Employer). The account balance may he reallocated by the <br />surviving spouse or dependents. <br />An nrunnnrar in for Drryfw Caib Ahnnngrrnent money marker fund it notimnrtd orgrmrrrnrnel Ly the /'rdtral Deporit Imurrrocr <br />Corporation or any uthergoventmtntagarry. A[though thef..id saki to prrsr a ile talar of your invrmnrrrr at Sl.00 prr rl7are, iris <br />pmtible ro !we worry Lr invr+ring in the fisad. /nuatorr+Lordd rauida die imrrnnna uLjrrriro, rN, rher m and cvpn+srr ofrhr find <br />nrrtfid�• Ltfore iovrnnrg. Yon nary nide ru ret wrmu.innerraorg or ra11800-669-7400 ro ahmiu n prorpram rL,tr rmrmiru rbinmd othn <br />infornmtimr nLmrr thelineal. Rend duprmpanrsmrcfi ity Lrforrintoning. <br />If a Participants account balance has not been fully utilized upon the death of die eligible spoine, the account balance <br />may continue to be utilized to pay benefits of eligible dependents. Upon the death of all eligible dependents, the <br />account will revert to the Plan to be applied as specified in Section Vlll. <br />B. No Surviving Spouse or Surviving Dependents <br />M <br />If thele are no living spouse or dependents at the time of death of the Participant, the account will revert to the Plan to <br />be applied as specified in Section VIII. <br />XII. The Plan will operate according to the following provisions: <br />A. Employer Responsibilities <br />1, the [anployerw•ill submit all VanrageCare Retirement Health Savings Plan contribution data via electronic submission. <br />2. The Employer will submit all VantageCare Retirement Health Savings Plan Participant status updates or personal <br />information updates via electronic sub mission. This includes but is not limited to termination no[ificadon and <br />benefit eligibility notification. <br />B. Participant account administration and asset-based fees will be paid through the redemption of Participantaccount <br />shares. unless agreed upon otherwise in the Administrative Services Agreement. <br />is <br />25E-103 <br />
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