Retirement Health Benefits. Provided that Executive’s employment has not been terminated prior to retirement, Executive shall be entitled to receive medical insurance benefits comparable to the benefits received by full-time employees of the bank, commencing with the later of (1) the date of Executive’s retirement, or (2) the date of Executive’s 60th birthday, and terminating on the earlier of (1) the date that Executive becomes eligible for Medicaid, or (2) the date of Executive’s 65th birthday. If Corporation and Bank cannot provide such benefits because Executive is no longer an employee, Executive shall annually receive a dollar amount equal to the cost to Executive of obtaining such benefits (or substantially equal benefits), not to exceed one hundred and twenty percent (120%) of Bank’s cost to provide such benefits to other employees.
Retirement Health Benefits. The District shall maintain a health insurance assisted retirement plan which provides each retiree insurance with his/her choice of the plans offered to all active unit members. To be eligible to participate in this program, a unit member must be at least 53 years of age with at least ten (10) years of service in the Calaveras Unified School District, and must submit a letter of resignation to the District indicating a definite intention to retire. Any service in a school district other than a substitute basis after the date of resignation will terminate eligibility for participation in the health insurance assisted retirement plan. Unit members hired before July 1, 1996, shall receive District support based upon the following: Retirement Age 53-55 District pays 100% of Premium Cost Retirement Age 56 District pays 95% of Premium Cost Retirement Age 57 District pays 90% of Premium Cost Retirement Age 58 District pays 85% of Premium Cost Retirement Age 59 District pays 80% of Premium Cost Retirement Age 60 District pays 75% of Premium Cost Retirement Age 61 District pays 70% of Premium Cost Retirement Age 62 District pays 65% of Premium Cost Retirement Age 63 District pays 60% of Premium Cost Retirement Age 64 District pays 55% of Premium Cost Unit members hired after July 1, 1996, retiring under this plan shall have District-assisted health insurance premium payments to age 65 providing that they elect to do so at the time of retirement, and there is no break in membership in the benefit program. District support shall be as follows: Retirement Age 53-55 District pays 100% of Benefit Cap Amount Retirement Age 56 District pays 95% of Benefit Cap Amount Retirement Age 57 District pays 90% of Benefit Cap Amount Retirement Age 58 District pays 85% of Benefit Cap Amount Retirement Age 59 District pays 80% of Benefit Cap Amount Retirement Age 60 District pays 75% of Benefit Cap Amount Retirement Age 61 District pays 70% of Benefit Cap Amount Retirement Age 62 District pays 65% of Benefit Cap Amount Retirement Age 63 District pays 60% of Benefit Cap Amount Retirement Age 64 District pays 55% of Benefit Cap Amount At age 65 all unit members may elect to continue medical, dental, and vision through the CUEA chosen provider at their own expense. Unit members may also elect to remain on the District Dental and Vision policies, if they are applicable, from the date of retirement at their own expense.
Retirement Health Benefits. FUNDING 53 PREAMBLE
Retirement Health Benefits. 12.7.1 Retired employees shall be provided Kaiser or Blue Shield health plan under the following conditions:
Retirement Health Benefits. Employees shall be eligible for post – retirement benefits, until Medicare eligible, as follows:
Retirement Health Benefits. Employees represented by the Association who retire for service or disability under PERS, shall receive retirement health benefits in accordance with the CalPERS Health Plan provisions in Section 6.1.5 of this MOU.
Retirement Health Benefits. (a) The Society shall make a voluntary post-retirement benefit plan available to eligible employees and their spouses and dependent children, that provides the employee with the ability to purchase dental and extended health care benefit coverage upon retirement. If the employee is of an eligible age, group life insurance may be converted to an individual policy within 30 days of terminating group coverage.
Retirement Health Benefits. 1. A member who retires on/after January 1, 1990, with 25 or more years of permanent full time service with the City of Ocean City shall receive health benefit coverage (medical/major medical) for the retiree and his/her family.
Retirement Health Benefits. As set forth below, retirement health benefits are available to full-time faculty members employed by the University prior to September 1, 2006 with ten (10) years of full-time continuous service as a faculty member at Hofstra and who have reached age fifty (50), provided the sum of their age and years of full-time continuous faculty service at Hofstra is equal to or greater than seventy (70). Election of retirement and the benefits scheduled herein must be made in writing by the faculty member, normally, at least two (2) months prior to the end of the semester in which the faculty member shall first be on retirement, except for cases in which there has been a significant change in the faculty member's, or their immediate family's health, causing the election of retirement benefits.
Retirement Health Benefits. FUNDING The SFMTA and TWU Local 250-A agree that it is in the interests of the public and all SFMTA employees that sufficient funds be made available for the payment of the retiree medical benefits provided by the City Charter. As of January 2007, the City has an obligation to report its unfunded liability for retiree medical benefits, as required by the Governmental Accounting Standards Board. In recognition of these facts, TWU Local 250-A and the SFMTA agree to participate in a City-wide Retiree Health Benefits Committee, which will include other unions and employee organizations representing City and SFMTA employees, to study and make recommendations regarding funding of retiree health benefits. Appendix C – BASE HOURLY WAGE RATES Effective Date Percent Increase & Type Base Hourly Rate (Top Step) July 1, 2014 Base Hourly Rate effective July 1, 2014 $30.9000 October 11, 2014 1.75% Cost of Living Adjustment $31.4250 October 10, 2015 1.50% Cost of Living Adjustment compounded with 3.18% Pension “Swap” $32.9125 July 1, 2016 1.50% Cost of Living Adjustment $33.4000 October 8, 2016 3.16% Pension “Swap” $34.4500
