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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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❑ Medicare Supplemental Insurance premiums <br />❑ Prescription Drug Laurance Premiums <br />❑ COBRA Insurance Premiums <br />❑ Dental Insurance Premiums <br />❑ Dental Out-of-pocket Expenses' <br />❑ Vision Insurance Premiums <br />❑ Vision Our-of-Pocker Expenses' <br />❑ Qualified Long -Term Care Insurance Premiums <br />❑ Non -Prescription medications allowed under IRS guidance' <br />❑ Other qualifying medical expenses (describe)' <br />See Section VA. far a dirtunion ofnatdherindnation rulrs which pray apply to non -collectively bargained, re/f-inrnred Plans. <br />XI. Benefits After the Death of the Participant <br />In the event of Participant's death, the following shall apply: <br />A. Surviving Spouse and/or Surviving Dependents <br />The surviving spouse and/or surviving eligible dependents (as defined in Section XILD.) oFche deceased Participant are <br />immediately eligible to maintain the account and utilize it to fund eligible medical benefits specified in Section X above. <br />Upon notification of a Participant's death, the Participant's account balance will be transferred into Dreyfus Cash <br />Management fund' (or another fund selected by the Employer). The account balance may be reallocated by the <br />surviving spouse or dependents. <br />71n inrertnrent in the Dreyf n Car, Alanagmioo money nmrketf..rd it not inrured orguaraweed by the Federal Deporit Ln'raun <br />Corporation many otberguvernmeut gency. Although the f urd reeky to prererre for vabre efyour invatnrearat 51.00 perrbare, it it <br />parrible to lore money by inverting in thefund. Inverrorr should consider ibe inrertnrent objretiver, rirkr, rlragei, and erpenrer ofibe fund <br />nrrefrd/y beforr inveitiug. You nnty visit nr at mtvrv.ieruam-org or call SOO.669-7400 to obtain a pm pectis t,nt rontainr tbii and other <br />it formation about the fiord. Reid the prorpecna carefully before inverriug. <br />If a Participant's account balance has nor been fully utilized upon the death of the eligible spouse, 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 VIII. <br />B. No Surviving Sponse or Surviving Dependents <br />If there 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 Employer will submit all VantageCare Retirement Health Savings Plan contribution data via electronic submission. <br />2. The Employer will submit all VantageCam Retirement Health Savings Plan Participant status updates or personal <br />information updates via electronic submission. This includes bur is not limited to termination notification and <br />benefit eligibility notification. <br />B. Participant account administration and asset-based fees will be paid through the redemption of Participant account <br />shares, unless agreed upon otherwise in the Administrative Services Agreement. <br />5E=83 <br />
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