Sunday, August 21, 2011

THE NEW CONTRACT...WHAT DOES IT MEAN?

TriMet Purposed Change:

c. All employees who retire on or after February 1, 1992 and before April 1, 2012, shall receive the same health and welfare benefits available to active employees, not including orthodonture or dental coverage for dependents other than the employee’s spouse or Domestic Partner.

TriMet Purposed Change:

e. For those employees who retire on or after April 1, 2012, The District shall make available at District expense the same medical, vision, prescription drug insurance program for the retiree and the retiree’s spouse or domestic partner for a maximum of three years or until Medicare eligibility, whichever occurs first. Once a retiree becomes Medicare eligible, the retiree, spouse. Or surviving spouse of a retiree shall receive a monthly payment of ???? or eligible person, to pay for medical, dental, vision and prescription drugs, and all Medicare premiums without any reimbursement from the District, including reimbursement for Medicare ? and D.

f. For all new employees hired after april 1, 2011, and who become vested, the District’s fixed contribution (as outlined directly above in Par. 1 (e) )for an eligible retiree and the spouse or surviving spouse of the retiree shall be 4% of the fixed contribution upon the employee’s retirement multiplied by the employee’s years of service.
By way of example:

Years of Service Percentage of Fixed Contribution by District
25 100%
20 80%
10 40%



Par. 3. A Mini-run Operator must have a minimum of 2 years of service as a full-time regular operator before he or she becomes eligible for full time retirement benefits.

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