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25E - AGMT - EMPL BENEFITS
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25E - AGMT - EMPL BENEFITS
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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 Insurance Premiums <br />❑ COBRA Insurance. Premiums <br />❑ Dental Insurance Premiums <br />❑ Dental Out -of Pocket Expenses' <br />❑ Vision Insurance Premiums <br />❑ Vision Out-of-pocket Expenses' <br />❑ Qualified Long -Term Care Insurance Premiums <br />❑ Non -Prescription medicationsallowed under IRS guidance' <br />❑ Other qualifying medical expenses (describe)' <br />`Sec Section V.A. for a-ditu,rfat ofnondiseinbnatio,.rtdei which may apply m ton -collectively bargained, self-insured Plat,: <br />XI, Benefits After the Death of the Participant <br />In the event of a 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) of the deceased Participant are <br />immediately eligible to maintain the account and utilize it m fund eligible medical benefits specified inSection X above. <br />Upon notification of a Participant's death, the participant's account balance will be transferred into Dreyfus Cash <br />Managcmentfund' (or another fund selected by the Employer). The account balance may be reallocated by the <br />surviving spouse or dependents. <br />'In invemnrnt in the Dreyfi, Cath Management nnuney market fond h not injured a, guaranteed by the Federal DelowitInsuranre <br />Corporation or any othrrgooenunent agenry. Although the fund seek; to preserve the Oahu of your investment at$1.00 per share, it i; <br />possible to lou money by investing in tfie find luveitori sbomld rontider the innei,nert abjectivet, risks, charges, and eapeuer ofthefnnd <br />rarrfidly before inveitirrg. You may visit us at uwmicmarrtorg or call 800-669-7400 to obtain a prarpecnu that nnntain; thin and orber <br />information about the frond. Read the prosperna carefrdly, before invetbrg. <br />If a Participant's account balance has not 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 Spouse or Surviving Dependents <br />If there are no living spouse or dependents it 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 />I. The Employer will submit all VantageCare Retirement Health Savings Plan contribution data via electronic submission. <br />2. The Employer will submit all VanragcCare Retirement Health Savings Plan Participant status updates or personal <br />information updates via electronic submission. This includes but is nor limited to rermination 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 />
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