Common use of Deferred Retirement Clause in Contracts

Deferred Retirement. Employees who separate from employment with the City, on or after May 12, 2009, and who at the time of leaving City employment do not begin receiving a retirement benefit payment are not eligible to continue to participate in the City sponsored group health care plan except as provided under COBRA, and are not eligible for any City contribution towards retiree health care costs. Deferred retirees who do not begin withdrawing from his/her individual account may not reenter the City health care plan at a later date.

Deferred Retirement. Employees who separate from employment with the City, on or after May 12October 21, 20092008, and who at the time of leaving City employment do not begin receiving a retirement benefit payment from his/her applicable defined benefit retirement plan (either from the General Pension System or a 401A plan) are not eligible to continue to participate in the City sponsored group health care plan except as provided under COBRA, and are not eligible for any City contribution towards retiree health care costs. Deferred retirees who do not begin withdrawing from his/her individual account may not reenter the City health care plan at a later date.

Deferred Retirement. Employees who separate from employment with the City, on or after May 12October 21, 20092008, and who at the time of leaving City employment do not begin receiving a retirement benefit payment from the employee applicable defined benefit retirement plan (either from the General Pension System or a 401A plan) are not eligible to continue to participate in the City sponsored group health care plan except as provided under COBRA, and are not eligible for any City contribution towards retiree health care costs. Deferred retirees who do not begin withdrawing from his/her the employee individual account may not reenter the City health care plan at a later date.