MEDICAL INSURANCE AFTER RETIREMENT Sample Clauses

MEDICAL INSURANCE AFTER RETIREMENT. 16 All retiring employees covered under the Illinois Municipal Retirement Fund shall be 17 eligible for coverage under group hospital and major medical insurance at their own 18 expense. (In accordance with 215 ILCS 5/367j (1994), Municipal Employee's 19 Continuance Privilege.) Eligibility for said group hospital and major medical insurance 20 will cease when retiree becomes eligible for Medicare. 22 14.7 Pay Schedule 24 The pay schedule shall be as set forth in Appendix A which is attached to and 25 incorporated in this Agreement. 27 14.8 Severance Award 29 Any bargaining unit member who is at least sixty (60) years of age and retires from the 30 District with at least 15 continuous years of service will receive a severance bonus equal 31 to $80 for each year of continuous service in the District. A bargaining unit member may 32 declare his/her intention to retire up to two (2) years prior to the actual retirement date. If 33 notice of the intent to retire is received by June first of the year before or two years before 34 the retirement date the District will apply as much of the severance bonus as possible to 35 increase the bargaining unit member’s salary up to a maximum of 6% over the previous 36 year’s salary. If there is any of the severance bonus remaining after increasing the 37 member’s salary to 6% that money will be paid in a single lump sum to the bargaining 38 unit member between 35 and 60 days following the date of retirement. If a bargaining 39 unit member gives two (2) years notice of the intent to retire, the severance award will be 40 applied equally to the last two year’s salary in an attempt to increase the salary by a 41 maximum of 6%.
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MEDICAL INSURANCE AFTER RETIREMENT. TEACHERS For each teacher electing to retire, the Board-Administration shall pay a maximum of $300 per month toward the cost of the TRS Health Insurance premium for a maximum of five (5) years or until eligible for Medicare, whichever comes first. The beginning date of this benefit may be, at the option of the teacher, delayed for a period of up to two years from the date of retirement. If a teacher wishes to delay the beginning date of this benefit, the teacher must give written, irrevocable notice of this election prior to the date of retirement. The notice of this statement must state the date upon which the teacher wishes the benefit shall begin.
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MEDICAL INSURANCE AFTER RETIREMENT. The Board shall perform all reasonable acts requested to qualify the retiring Teacher for eligibility in the medical insurance coverage for retired Teachers as offered by TRS and shall pay the cost of the individual portion of the TRS insurance, in the form of reimbursement to the Teacher when paid first by the teacher, quarterly, for a maximum period of time of five (5) consecutive years following retirement or until the Teacher is eligible for Medicare coverage, whichever occurs first.
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MEDICAL INSURANCE AFTER RETIREMENT. ESP Employees may continue as members of the District group insurance program as prescribed by IMRF and School Code regulations and guidelines. Certified retirees, spouses and/or dependents are not eligible to be members of the District group insurance program.
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MEDICAL INSURANCE AFTER RETIREMENT. Effective June 1,2004, to be eligible for any medical insurance benefit after retirement, the retiree (Age Pre-65 or Age Post 65) must meet the following conditions:
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MEDICAL INSURANCE AFTER RETIREMENT. Upon retirement an employee may purchase medical insurance at the group rate provided other City employees under the provisions of coverage afforded under the Consolidated Omnibus Budget Reconciliation Act (COBRA). The retiree shall be responsible for 100% of the premium and any administration fee up to a maximum of two percent (2%).
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MEDICAL INSURANCE AFTER RETIREMENT. All retiring employees covered under the Illinois Municipal Retirement Fund shall be eligible for coverage under group hospital and major medical insurance at their own expense. (In accordance with 215 ILCS 5/367j (1994), Municipal Employee's Continuance Privilege.) Eligibility for said group hospital and major medical insurance will cease when retiree becomes eligible for Medicare. Pay Schedule The pay schedule shall be as set forth in Appendix A which is attached to and incorporated in this Agreement. Severance Award Any bargaining unit member who is at least sixty (60) years of age and retires from the District with at least 15 continuous years of service will receive a severance bonus equal to $80 for each year of continuous service in the District. A bargaining unit member may declare his/her intention to retire up to two (2) years prior to the actual retirement date. If notice of the intent to retire is received by June first of the year before or two years before the retirement date the District will apply as much of the severance bonus as possible to increase the bargaining unit member’s salary up to a maximum of 6% over the previous year’s salary. If there is any of the severance bonus remaining after increasing the member’s salary to 6% that money will be paid in a single lump sum to the bargaining 5 6 7 8 9 10 11 14.4 12 13 14 15 16 17 18 14.5 19 20 21 22 23 24 14.6 25 26 27 28 29 30 31 32 14.7 33 34 35 36 37 14.8 38 39 40 41 42 43 44 45 46 47 1 unit member between 35 and 60 days following the date of retirement. If a bargaining 3 applied equally to the last two year’s salary in an attempt to increase the salary by a 4 maximum of 6%. 6 14.9 Pay Upgrade 8 When the District requires a bargaining unit member to do the work of a position that has 9 a designated pay rate greater than that of the position the bargaining unit member holds, 10 the District will pay the bargaining unit member the differential between the two (2) 11 starting pay rates beginning on the sixth (6th) consecutive day that the bargaining unit 12 member is doing the work of this higher grade position. 14 14.10 Probation 16 New employees must successfully complete a probationary period of nine (9) consecutive
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MEDICAL INSURANCE AFTER RETIREMENT. None; The Township does not nor will not provide medical insurance coverage to retired personnel
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Related to MEDICAL INSURANCE AFTER 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.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • 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:

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • ’ Compensation/Employer’s Liability Insurance If Contractor has employees, it shall maintain workers’ compensation insurance as required by law. Employer’s liability limits shall be not less than $1,000,000 for each accident, $1,000,000 as the aggregate disease policy limit, and $1,000,000 as the disease limit for each employee. If Contractor does not have employees, it shall provide a letter, on company letterhead, to the Judicial Council certifying, under penalty of perjury, that it does not have employees. Upon the Judicial Council’s receipt of the letter, Contractor shall not be required to maintain workers’ compensation insurance.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • 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.

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • 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.

  • DISABILITY INSURANCE PLAN Management shall expend for active employees of this unit who are members of LACERS the sum necessary to cover the cost of a basic disability insurance plan. Management shall also maintain a Supplemental Disability Insurance Plan, enrollment in which is at the discretion of each employee. The full cost of the Supplemental Disability Insurance Plan premiums shall be paid by the individual employees who enroll in the plan. The City's Joint Labor-Management Benefits Committee shall determine the benefits and provider of the plan

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