Retirement & Pension at Kaiser Permanente — Northern California RNs & NPs

Parties that, except as provided below, such Individual Retirement Accounts shall be complete substitution for any rights under the Employer's present retirement plan known as the Kaiser Permanente Employees Pension Plan (hereinafter called “KPEPP”). Effective January 1, 1995, the Employer shall contribute to the KP401k Plan for each eligible Nurse a sum equal to five percent (5%) of the Nurse's gross compensation. An eligible Nurse for purposes of Employer contributions is defined as a new or present Regular Nurse who has completed one (1) year of Regular employment with the Employer. Nurses with rights under the Kaiser Permanente Employees Pension Plan (KPEPP), as described under - Option for Nurses With Vested Rights in KPEPP and Non- Vested Nurses Contingent Vesting shall retain such rights. Nurses who were eligible and elected to continue participation in KPEPP on December 31, 1975 …

m the Money Purchase Plan to Kaiser Permanente as Administrator using the same investment options and combining the accounts with KP401k Plan. Contribution Rates and Eligibility The Employer shall contribute into an Individual Retirement Account for each eligible Nurse a sum equal to five percent (5%) of the Nurse's gross compensation. An eligible Nurse for purposes of Employer contributions is defined as a new or present Regular full-time or Regular part-time Nurse who has completed one (1) year of employment with the Employer. If a Nurse is terminated by or terminates his or her employment with the Employer and thereafter is reemployed by the Employer, such Nurse must complete another one (1) year of service in her/his new employment before being eligible to have Individual Retirement Account contributions made on his or her behalf. APPENDIX D – RETIREMENT Contributions to Individual R …

contributions into the escrow account. All Registered Nurses presently participating in IRAs will be transferred to CNA/KPPTF. Registered Nurses who opted for the Kaiser Permanente Employees Pension Plan as set forth in Article XVI, F – Option for Nurses with Vested Rights in KPEPP, shall not have the option to switch to the Pension Plan in the CBA dated March, 25, 1998 through December 31, 2002. No eligible Registered Nurse will have the right to refuse participation in the Pension Plan. Voluntary contributions to the Pension Plan shall be made after payroll taxes are deducted. The administrator and trustee of CNA/KPPTF will remain unchanged during the term of this bargaining agreement. 4 Or other bank as designated in writing by CNA. CNA shall provide reasonable notice of bank change. APPENDIX D – RETIREMENT All administrative responsibilities, such as, but not limited to, enrollment …

tributions. To Whom Contributions Are Paid The contributions of each Employer to the Nurse's Individual Retirement Accounts shall be paid to a corporate trustee or custodian designated by the California Nurses Association, in accordance with ERISA and in compliance with Section 302 of the Taft- Hartley Act. The same trustee or custodian shall be designated for all Individual Retirement Accounts established pursuant to this Article. New Nurses A new Registered Staff Nurse first employed on or after January 1, 1976, or reemployed on or after January 1, 1976, following a break in service, shall be covered exclusively for pension purposes by the Individual Retirement Account provisions of this Article, and is not entitled to be an active participant in KPEPP. Option for Nurses with Vested Rights in KPEPP Definition A vested Nurse for purposes of this Article shall be defined as a Nurse emplo …

uary 31, 1983, the Employer and the California Nurses Association shall meet with Crocker Bank officials for the purposes of discussing the creation of an interim or escrow account for Employer contributions. If such agreement is satisfactory to Kaiser, the Association and Crocker Bank, Employer contributions will cease being paid to Wells Fargo Bank and be forwarded to Crocker Bank on a date acceptable to all Parties. Should an agreement not be reached, contributions shall continue to be paid to Wells Fargo Bank IRA program until contributions can be made in accordance with paragraph 2 above. Prior to January 31, 1983, the Parties shall meet for the purpose of establishing a Pension Plan document for qualification by the IRS. It is agreed that, notwithstanding Article XVI, Contribution Rates and Eligibility in the CBA dated March 25, 1998 through December 31, 2002, participants in the n …

APPENDIX D – RETIREMENT IRA PENSION AGREEMENT CONVERSION (Historical Language) As soon as practical but no later than July 24, 1983, the present Individual Retirement Account (IRA) Program set forth in Article XXXI shall be converted and designated in the Agreement as the California Nurses Association/Kaiser Permanente Pension Trust Fund (CNA/KPPTF) subject to the following conditions: A. The current eligibility requirements set forth in the present IRA Plan shall be applicable to the Pension Plan. B. The Employer IRA contribution rate (presently five percent (5%)) and the current method of calculation and payment shall continue to apply to the Pension Plan. It is understood that this Agreement is contingent on IRS qualification. In the event that such qualification is not obtained prior to July 24, 1983, such date shall be extended as necessary but no later than December 31, 1983. Shoul …

continues in this new employment for one (1) year or more, shall continue to be credited for years of service for contingent vesting purposes under KPEPP as provided in Non-Vested Nurses Contingent Vesting. A Vested Nurse A vested Nurse who has elected to remain in KPEPP, and whose employment has subsequently terminated, and who, within ninety (90) days thereafter, is reemployed by the Employer and who continues in this new employment for one (1) year or more shall continue to participate in KPEPP. Five (5) Year Reinstatement Rule A non-vested Nurse whose employment with the Employer has terminated, and who, at the date of termination had five (5) or more years service in KPEPP credited prior to January 1, 1976, and who, on or after January 1, 1976, is reemployed by the Employer or by a reciprocating hospital, and who continues in this new employment for one (1) year or more, shall have …

per admission, $50 emergency visit, $10.00 generic/$15.00 brand prescription 30-day supply maximum, etc. Dental Benefits: Through the H&W Implementation Date, benefit eligible employees will maintain the existing dental benefit plan for non-represented, non-union employees as applicable. Beginning on the H&W Implementation Date, all employees eligible for dental coverage will receive the basic dental coverage in accordance with the CNA Agreement. Welfare Benefits: Through the H&W Implementation Date, benefit eligible employees will maintain the welfare benefit plan for non-represented, non-union employees as applicable. Beginning on the H&W Implementation Date, life insurance, AD&D coverage, disability benefits and flexible spending accounts will be provided in accordance with the CNA Agreement. Retirement Benefits Pension Benefits: Employees will be covered under the Kaiser Permanente …