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1
This is from the RMT Attorney Linda Stuessi,

Any member who terminates within 18 months of attaining 10 years of Active Service (i.e., 10 years of contributions to the Plan) can use COBRA payments to earn the 10 years of Active Service.  So, since the 10 year point is September 1, 2019, anyone who terminates after the February monthly payments are completed by the County, would be able to attain eligibility through self-payments.  Those who may be thinking of retiring this month through February may want to consider staying on for a few months.
 
Each employee who terminates employment with the County for any reason, including retirement, should receive a COBRA notice informing them of this right and in March 2018 those notices will start to have the monthly payment information.  The notice has blanks for Earhart to fill in that tell the amount of the monthly payment and how many months of self-payments are required for eligibility. Even if they are not retiring from the County, they should consider getting the 10 years of Active Service because they would get the monthly lifetime benefit starting at age 57.   If they opt not to do the self-payment, then they will get the individual account benefit.
 
Self-payment requires that the former employee self-pay the total monthly contribution equal to the employer plus employee contribution.  They have to make these payments monthly without reminders from the Trust.  If they miss a payment, then their COBRA rights are terminated and they won’t be able to earn any additional active service through COBRA.  The notice explains all of these requirements.  In addition, the notice tells them that they have a 30 day grace period for each COBRA self-payment.
 
We cannot require them to make the COBRA payments more quickly than monthly; we have to offer them a monthly payment schedule.  However, if they want to pre-pay in one lump sum or pay more quickly the total contribution payments, then they can get eligibility before 9/1/19.  The Plan allows payment of Covered Expenses any time after 9/1/14, as long as they meet all of the eligibility requirements.  There is no prohibition of payment monthly benefits prior to 9/1/19; that is just the date that the first members will have 10 years of contributions via the regular contributions.
 
Keep in mind that they have to meet all of the eligibility requirements in order to become eligible, not just 10 years of Active Service.  The eligibility requirements are:
 
10 years of Active Service

Age 50 if the employee retires from the County and receives retirement benefits from SCERA, or age 57 if not eligible for benefits from SCERA

Contributions for all periods of Active Service

Separated from County employment, except for service as a retiree as extra help.
 
The COBRA rights have been distributed to all members in the benefit booklet.  The COBRA notice is right behind the SPD in the booklet.
2
All of you should have received or will soon be receiving the new Summary Plan Description from the RMT.

If you do not receive it in the next few days, two things:

1. Below is a copy attached to this post

2. Contact The Trust Office and update your contact information using the info below:

The William C. Earhart Co. Inc
P.O. Box 4148 Portland, OR 92708
(877) 396-5868
jodi.k@wcearhart.com

Eddie  - DSA RMT Trustee
3
Attached is the RMT presentation from the 7/19/17 DSA Meeting.

As I said at the meeting, members should contact the trust office and provide them with your current contact information. There are survivor benefits for spouses and dependents if anything were to happen to you.

RMT eligible members can contact our trust representatives as shown below:

EFFECTIVE: 9/19/17

Jody K. - Account Representative
W.C. Earhart Company
EMAIL: jodi.k@wcearhart.com
PHONE: (503) 460-5268 or (877) 396-2968

Marcy Gardner is our Account Manager. She is Jody's supervisor.
EMAIL: marcy.g@wcearhart.com
PHONE: (800) 547-1314

4
Retiree Medical Trust Info (RMT) / Current RMT Documents
« Last post by joe_dulworth on December, 01, 2015, 10:10:19 »
A newer member who was not here when we started the RMT requested the attached documents be posted so here they are.

Note: These documents are modified as required by the RMT attorney's recommendation to comply with various laws and or regulations so they are subject to change.

5
After hearing some questions raised about this, I spoke with President Joe Dulworth for clarification.

The key things that everyone needs to understand about this are the following.

  • When you retire after June 2015, 50% of your accrued vacation will now be automatically transferred, tax-free, into your own medical trust account for you and only you to use for medical expenses. This is similar to the Health Reimbursement Benefits Cards we all received a couple years ago that we can use to pay medical expenses.
  • These stored funds will remain available to you until you use them up and never expire.
  • The remaining 50% of your unused vacation will be taxed and paid out to you when you retire.

I hope this answers the questions you have and thanks to Joe for his further clarification.

Mike V.
6
Attached is the side letter from the RMT which will go into effect for anyone who retires from the county on or after the first pay period in June 2015.

Just to be clear. Any vacation hours transfered to the RMT go in pre-tax in YOUR OWN INDIVIDUAL ACCOUNT. The money will be in addition to any other money you qualify for. The money DOES NOT go into a pooled account or for anyone else.

If you have any questions about this please contact Eddie Engram, Mark Provost, or myself.

7
Everyone will see these new monthly benefit amounts in future mailings from the retirement medical trust (RMT).

Former Benefit Maximum Monthly Amount: $250.00       New Monthly Amount: $325.00 (Increase of 30%)
(Group A Active employees) 

Former Benefit Maximum Monthly Amount: $30.00         New Monthly Amount: $40.00 (Increase of 33%)
(Group B Retired Prior to Sept. 2009

These numbers are considered by our actuary to be conservative and we hope to be able to increase these amounts in the future.
8
Retiree Medical Trust Info (RMT) / Monthly RMT Rates Set the RMT
« Last post by joe_dulworth on May, 13, 2013, 12:12:51 »
Please review the attached documents for information regarding monthly benefit rates for the Redwood Empire Public Safety Medical Trust. The rates were set at a meeting with an actuary on 05/06/13.

Group A Retiree:

Retired After Sept. 2009 with a minimum of ten years of contributions to the trust (Earliest retirement date to qualify 09/2019): Maximum benefit level $250.00 a month.

Note: 10 years of plan contributions makes you eligible for 50% of the maximum benefit level, 11 years 55%, 12 years 60%, to 100% at 20 years.

Group B Retiree:

Retired prior to Sept. 2009 (When the trust was created) and have ten years as a Law Enforcement Deputy, Sgt., Lt., Capt, or Assistant Sheriff, your benefit rate has been set at $30.00 a month.

Note: 10 years of plan contributions makes you eligible for 50% of the maximum benefit level, 11 years 55%, 12 years 60%, to 100% at 20 years. The fund will start making benefit payments to group B participants after 09/2014.

Please also note attached documents which will be mailed to all plan participants.

Please feel free to contact myself or any of the RMT trustees if you have any questions.
9
Please See attached documents... our fund is now up over 2.2 million.

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Retiree Medical Trust Info (RMT) / RMT Information from our Investment Company
« Last post by joe_dulworth on January, 24, 2013, 10:10:09 »
See attached 4th Quarter Investment Review and PDF files on forward looking information from our investment company.
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