– Health Insurance for Retirement Sample Clauses

– Health Insurance for Retirement. During the term of this agreement any full time employee hired prior to January 1, 1996, and eligible dependents who are dependents at the time of retirement, shall be able to continue with hospitalization/health care coverage provided: 1) proper application is made prior to retirement, 2) the employee and eligible dependents is/are a member of the plan on the date of the retirement and 3) the retiree agrees to participate in the employee/retiree cost share program (See Section 14:7). Retirees hired after January 1, 1996 are eligible to continue hospitalization/health care coverage for themselves only, subject to the three (3) conditions outlined above, but may purchase hospitalization/health care coverage at their expense for their eligible dependents at SCCMHA’s then current cost and if they meet conditions 1) and 2) outlined above. The retired full time employee’s cost share of continuing hospitalization/health care coverage shall be a percentage as indicated in the following chart and which are subject to future adjustments as outlined in Section 14:7. Combined Full Time and Part Time Years of Employment Employer Pays Retiree Pays 6 25% 75% 7 30% 70% 8 35% 65% 9 40% 60% 10 45% 55% 11 50% 50% 12 55% 45% 13 60% 40% 14 65% 35% 15 70% 30% 16 75% 25% 17 80% 20% 18 85% 15% 19 90% 10% 20 & over 95% 05% Retirees and/or eligible dependents that are not Medicare eligible must remain in the hospitalization/health care coverage program. See Section 14:9 for additional requirements upon becoming Medicare eligible. All current and future changes to hospitalization/health care coverage and co-payments for employees will also apply to continued hospitalization/health care coverage for retirees. During the term of this agreement, part time employees hired on or before January 1, 1996, who subsequently retire, shall be entitled to continuation of hospitalization/health care coverage based upon the above conditions, schedule and years of employment. A part time employee who was hired on or after January 1, 1996, who retires shall be entitled to single person coverage only, based upon the above conditions, schedule and years of employment. The part time employee may purchase additional coverage for a spouse or dependent by paying the full cost of the additional premium and complying with the other applicable conditions outlined above. Employees hired after December 31, 2001, and their dependents, will not be eligible to continue hospitalization/health care coverage upon r...
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Related to – Health Insurance for Retirement

  • Medical Insurance for Retirees The University will make available a medical insurance plan for official retirees hired prior to January 1, 2014 in the same manner and on the same basis as applies to all the University’s other official retirees. An official retiree (including early retirees) for purposes of this benefit, will be defined as any regular employee who is employed by the University at the time of retirement, who is vested in a University sponsored retirement plan and whose years of University service and age total a minimum of 75. Coverage for the spouse of the retiree or early retiree is available on the same basis as for other University official retirees. The University retains the right to modify or terminate this plan upon reasonable notice to staff and retirees.

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • INSURANCE AND RETIREMENT Each teacher shall be entitled to fringe benefits provided by this agreement and by federal regulations provided by Cobra (Consolidated Omnibus Budget Reconciliation Act of 1985). These shall include but not be limited to the following:

  • 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.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

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