Health & Security Retiree Health Plan > SPD > Retiree Health Reimbursement Accounts

Summary Plan Description

Retiree Health Reimbursement Accounts

Summary

Retiree Health Reimbursement Accounts were established in the plan to help retirees and their immediate family members pay their monthly contributions needed to maintain retiree coverage under the Retiree Health Plan and the monthly contributions needed to maintain post-retirement COBRA coverage under the Employee Health Plan. The Retiree Health Reimbursement Accounts were established in accordance with Revenue Ruling 2002-41 and Treasury Notice 2002-45. It is the intent that the monthly contributions paid through the Retiree Health Reimbursement Accounts will be excluded from the gross income of retirees and dependents. This is effective for hours worked on and after January 1, 2008.

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