Examples of Retiree in a sentence
As a result his/her eligibility for the retiree medical benefits set forth in subsection 30.3 (Pre Age 65 Retiree Health Insurance) ceases.
Any employee who is employed and covered by this Agreement as of the date of ratification by both parties shall have the right to opt out of (waive) the City’s obligation to pay the cost of retiree health benefits as provided in Section 18.5. In consideration of such a waiver, the employee shall be entitled to the retirement health benefits provided under the Retiree Health Savings Plan (“RHSP”) set forth in Article XIX.
Retiring Between the Ages of 50 and 55 An employee who is at least 50 years of age, but less than 55, and has at least eight years of XxxXXXX qualifying employment with the City will retain eligibility for the retiree medical benefits provided in subsection 30.3 (Pre Age 65 Retiree Health Insurance) when the employee reaches age 55 if the employee is enrolled in a group health plan coverage from the date of his/her termination from City employment until the employee’s 55th birthday.
Effective July 1, 2008, for eligible retirees between the ages of 55 and 65 who retire on or after June 29, 2008 the amount the City contributes toward payment of the health care premium cost for the Retiree Health Premium Assistance Plan will increase by $50 per month in addition to the 4.5% that occurs on July 1 as provided in Section 30.3 (Pre Age 65 Retiree Health Insurance).
An employee’s entitlement to any and all benefits provided by the City under this retiree medical cover plan are subject to the funding limitations set forth in subsection 31.8 (City Funding of Retiree Health Benefit).