Benefits of Retiring Employees Sample Clauses

Benefits of Retiring Employees. Effective upon ratification of this Agreement, 13 employees (including reinstated employees and employees returning from a valid 14 reemployment list) with seventeen (17) or more years of benefitted service in the 15 Long Beach Unified School District when they retire at age fifty-five (55) or older 16 shall be eligible to have District payment of insurance premiums for health and 17 hospital insurance for themselves and their dependents. This premium payment will 18 end when the retiree reaches age sixty-seven (67). Medicare coverage will be 19 primary for those employees who are eligible; the District’s plan will provide 20 secondary or umbrella coverage over Medicare payments. 21 22 All retirees and their dependents eligible for Medicare Part A must be registered in 23 the Medicare system in order to qualify for District-paid benefits. All retirees and 24 their dependents must enroll in Medicare Part B. All retirees and their dependents 25 must assign those Medicare Part A (if eligible) and Medicare Part B benefits to the 26 District medical plan carrier they are using in order to qualify for District-paid 27 benefits. This language does not change the years of service and age requirements 28 for Unit members receiving District-paid health benefits upon retirement. 29 Additional information is available from the Risk Management Branch. 30 31 Apply the health benefit cost containment changes, including plan design changes, 32 implemented for active employees to the retirees. 33 34 Employees who retire from the District may remain in a District health and/or dental 35 plan by paying personally the insurance premiums. There is no limit on age. 36 37 38 39 40 41 42 43 44 45 46
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Benefits of Retiring Employees. Effective upon ratification of this Agreement, 20 employees (including reinstated employees and employees returning from a valid 21 reemployment list) with fifteen (15) or more years of benefitted service in the Long
Benefits of Retiring Employees. Effective upon ratification of this Agreement, 42 employees (including reinstated employees and employees returning from a valid 43 reemployment list) with fifteen (15) or more years of benefitted service in the Long 44 Beach Unified School District when they retire at age fifty-five (55) or older shall 45 be eligible to have District payment of insurance premiums for health and hospital 46 insurance for themselves and their dependents. This premium payment will end 47 when the retiree reaches age sixty-five (65). Medicare coverage will be primary for 1 those employees who are eligible; the District’s plan will provide secondary or 2 umbrella coverage over Medicare payments. 3 4 All retirees and their dependents eligible for Medicare Part A must be registered in 5 the Medicare system in order to qualify for District-paid benefits. All retirees and 6 their dependents must enroll in Medicare Part B. All retirees and their dependents 7 must assign those Medicare Part A (if eligible) and Medicare Part B benefits to the 8 District medical plan carrier they are using in order to qualify for District-paid
Benefits of Retiring Employees. Effective upon ratification of this Agreement, employees (including reinstated employees and employees returning from a valid reemployment list) with fifteen (15) or more years of benefitted service in the Long Beach Unified School District when they retire at age fifty-five (55) or older shall be eligible to have District payment of insurance premiums for health and hospital insurance for themselves and their dependents. This premium payment will end when the retiree reaches age sixty-five (65). Medicare coverage will be primary for those employees who are eligible; the District’s plan will provide secondary or umbrella coverage over Medicare payments. All retirees and their dependents eligible for Medicare Part A must be registered in the Medicare system in order to qualify for District-paid benefits. All retirees and their dependents must enroll in Medicare Part B. All retirees and their dependents must assign those Medicare Part A (if eligible) and Medicare Part B benefits to the District medical plan carrier they are using in order to qualify for District-paid benefits. This language does not change the years of service and age requirements for Unit members receiving District-paid health benefits upon retirement. Additional information is available from the Risk Management Branch. Employees who retire from the District may remain in a District health and/or dental plan by paying personally the insurance premiums. There is no limit on age.
Benefits of Retiring Employees. Effective upon ratification of this Agreement, 16 employees (including reinstated employees and employees returning from a valid 18 Beach Unified School District when they retire at age fifty-five (55) or older shall 19 be eligible to have District payment of insurance premiums for health and hospital 20 insurance for themselves and their dependents. This premium payment will end 21 when the retiree reaches age sixty-five (65). Medicare coverage will be primary for 22 those employees who are eligible; the District’s plan will provide secondary or 23 umbrella coverage over Medicare payments. 24 25 All retirees and their dependents eligible for Medicare Part A must be registered in 26 the Medicare system in order to qualify for District-paid benefits. All retirees and 27 their dependents must enroll in Medicare Part B. All retirees and their dependents 28 must assign those Medicare Part A (if eligible) and Medicare Part B benefits to the 29 District medical plan carrier they are using in order to qualify for District-paid 30 benefits. This language does not change the years of service and age requirements 31 for Unit members receiving District-paid health benefits upon retirement. 32 Additional information is available from the Risk Management Branch. 33 34 Employees who retire from the District may remain in a District health and/or 35 dental plan by paying personally the insurance premiums. There is no limit on age. 36 37 38 39 40 41 42 43 44 45 46

Related to Benefits of Retiring Employees

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Benefits for Retirees The Employer will continue payment of Extended Health, Semi-Private Health Care Coverage or equivalent for any employee from the date of early retirement to the age of sixty-five (65). However, the Employer will not continue payment of the Dental Plan or any other benefit plan, and employees will not be entitled to subscribe to same under any conditions.

  • EMPLOYMENT OF RETIRED TEACHERS A. For purposes of salary schedule placement, a retired Teacher will be granted a maximum of ten (10) years’ service credit and their educational attainment. A retired Teacher may not advance beyond Level 10 on the salary schedule.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Benefits of Contractor’s Employees The Contractor understands and agrees that they are solely responsible for shall be liable to all benefits that are provided to their employees, including but not limited to, retirement plans, health insurance, vacation time-off, sick pay, personal leave, or any other benefit provided.

  • Continuing Employees “Continuing Employees” is defined in Section 6.4 of the Agreement.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Retired Employees A. Employees who retire under the Florida Retirement System shall be eligible, upon request, to receive on the same basis as other employees the following benefits at the University, subject to University Regulations and policies:

  • Names of Retirees Effective September 1, 2009, the Employer will send a monthly report to the Union of the names of individuals that have retired the previous month. For purposes of this Agreement, a retiree shall be defined as a person who has given the Agency written notice that he/she is separating from State service by retirement and that person has actually separated from State service.

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