Medical Insurance Upon Retirement Sample Clauses

Medical Insurance Upon Retirement. 4 All regular Full-time employees covered by this agreement, and those 5 Regular Full-time Employees on any District reemployment list, as of July 1, 6 2011, who at age 55, 56, or 57, retire from active service under the State Public 7 Employees’ Retirement System provisions after ten (10) years of continuous 8 service in the District shall be entitled to medical, vision, life, and dental 9 insurance benefit coverage, as provided for regular Full-time employees as 10 immediately prior to retirement. All Regular Full-time Employees hired after July 11 1, 2011, who at the age of 55, 56, or 57 retire under the State Public Employee’s 12 Retirement System provisions after fifteen (15) years of continuous service in the 13 District shall be entitled to medial, vision, life, and dental insurance coverage, as 14 provided for Regular Full-time Employees as immediately prior to retirement. 15 These benefits will cease for the employee and his/her dependents upon the death 16 of the employee or at age 65, whichever occurs first.
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Medical Insurance Upon Retirement is modified to reflect increased City RSHP contributions and increased sick leave accruals as follows:
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Medical Insurance Upon Retirement. A. Teachers retiring under the 2005 – 2008 contract A teacher shall be eligible to receive five (5) years of individual medical insurance coverage afforded in Article IX, Section 6 of this contract upon retirement, subject to the premium cost-sharing in effect at the time of retirement. In addition, a teacher shall be eligible to receive two (2) years of individual medical insurance coverage afforded in Article IX, Section 6 of this contract, subject to payment of fifty percent (50%) of the cost of the premium. Teachers shall be eligible to continue individual medical insurance coverage by paying the full cost of the medical insurance premium until age sixty-five (65). A retired teacher shall be eligible to purchase, at full cost, spouse or family coverage until age sixty-five (65). A teacher must have taught at least ten (10) years in the District to be eligible for the above.
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Medical Insurance Upon Retirement. Upon retirement, whether service or disability, each employee shall have the following options in regards to medical insurance under City-sponsored plans:
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Medical Insurance Upon Retirement. An employee who attains age 55 and retires from active service in the Eastside Union School District under the State Teacher Retirement System provisions, after fifteen (15) years of continuous fulltime service in the District, shall be entitled to insurance benefit coverage to age 70 not to exceed the maximum annual District contribution for regular full-time employees subject to the conditions and provisions of the District's insurance program (if any).
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Medical Insurance Upon Retirement. The Company will contribute toward medical insurance for eligible retirees as outlined in points A and B to be eligible for the 50% contribution, the retiree must meet the following conditions:
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Medical Insurance Upon Retirement. As required by the Government Code, while the City is contracted with CalPERS to participate in the Public Employees' Medical and Hospital Care Act (PEMHCA) program, retired employees (annuitants) shall have available the ability to participate in the PEMHCA program. CalPERS shall be the sole determiner of eligibility for retiree (annuitant) to participate in the PEMHCA program. The City’s requirement to provide retirees (annuitants) medical coverage is solely governed by the Government Code requirement that PEMHCA agencies extend this benefit to retirees (annuitants). If by agreement between the Association and the City or if the City elects to impose termination of its participation in the PEMHCA program, retirees (annuitants) shall no longer be eligible for City provided medical insurance. In the event that the City terminates its participation in the PEMHCA program, the retiree medical subsidy program in place in Resolution No. 2002-120 Exhibit B to the Memorandum of Understanding shall be reinstated. The City shall make any necessary modifications to conform to the new City sponsored medical insurance plan.
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Related to Medical Insurance Upon 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.

  • 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.

  • STATE DISABILITY INSURANCE (SDI) A. All employees covered by this Contract will be covered under the State Disability Insurance (SDI) benefit in lieu of a Non-Industrial Disability Insurance (NDI) and Enhanced Non-Industrial Disability Insurance (ENDI) benefit as follows:

  • 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.

  • 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:

  • Medical Insurance Upon termination of employment, the Executive shall be entitled to all COBRA continuation benefits available under the Company's group health plans to similarly situated employees. To the extent permitted under Code Section 409A, during the applicable Payout Period, the Company shall provide such COBRA continuation benefits to the Executive at the active employee rates similarly situated employees must pay for such benefits. Upon the expiration of such Payout Period, the Executive will be responsible for paying the full COBRA premiums for the remaining COBRA continuation period.

  • State Disability Insurance (“SDI”) 215. Employees in the bargaining unit(s) covered by this agreement shall be enrolled in the State Disability Insurance Program. The cost of SDI will be paid by the employee through payroll deduction at a rate established by the State of California Employment Development Department.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • 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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