Coverage Upon Retirement Sample Clauses

Coverage Upon Retirement. None of the members of the bargaining unit as of December 31, 1996 is eligible for an Employer contribution toward health plan premiums after retirement. The policy of the Metropolitan Council, however, provides that an employee who was eligible for such a contribution under the terms of another contract or plan prior to transfer to another unit shall maintain eligibility. Accordingly, such employees who retire after January 01, 2019, shall retain eligibility, but the terms and conditions are outside the scope of this Agreement.
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Coverage Upon Retirement. The Employer shall pay a maximum of $250.00 per month towards the cost of health insurance for an employee who goes on regular retirement and shall continue such payment until the retired employee reaches his 65th birthday. (This benefit applies to Unit 1). The Employer shall pay a maximum of $310.00 per month towards the cost of health insurance for an employee who goes on regular retirement and shall continue such payment until the retired employee reaches his 65th birthday. (This benefit applies to Unit 2). Payments can be used for payment of premiums (Yearly Maximum of $3,000 for Unit 1/$3,720 for Unit 2) to other health insurance carriers if the City is supplied proof of the insurance premium payments by the retired employee until the retiree reaches his 65th birthday. Employees who are hired after the signing of this Agreement are not eligible for City retiree health coverage or any Employer contribution upon retirement. Under the provisions of this article, any employee who is married to another City employee must hold his or her own policy upon retirement in order to qualify for the monthly Employer contribution.
Coverage Upon Retirement. The Employer will pay $250.00 per month towards health and prescription drug insurance premiums for retired Fire Department personnel between the ages of 50 and 65 who have acquired 25 years of service in the Department. The Employer will pay $250.00 per month towards the health and prescription drug insurance premiums for duty disabled firefighters up to age 50 provided the duty disabled retiree does not qualify for Social Security Disability benefits, Medicare, or Medicaid. Payments can be used for premiums to any health insurance carrier of the retired employee's choice until the retiree reaches the age of 65, provided the retired employee supplies proof of the insurance premium payments to the Employer. Any insurance premium amounts over $250.00 per month will be paid by the retiree. All health and prescription drug insurance premium payments by the Employer will cease at age 65 for all Department retirees.

Related to Coverage Upon Retirement

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

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