Medicare Complementary Premium Fund. The Employer has established a Medicare Complementary Premium Fund (hereafter referred to as MCPF) from which age sixty-five (65) or older individual official retirees (i.e., individuals who have satisfied the age and service requirements of paragraph 50.4) who have retired after March 1, 1995, or were hired before December 31, 2006 and their spouses may receive a monetary benefit to be applied to the retiree’s share of the monthly premium cost for MCPF (ref. Paragraph 49.7). The Employer and the Association agree to continue the disbursement of funds through December 31, 2014 at which time this fund will no longer exist.
Appears in 2 contracts
Sources: Employment Agreement, Collective Bargaining Agreement
Medicare Complementary Premium Fund. The Employer has established a Medicare Complementary Premium Fund (hereafter referred to as MCPF) from which age sixty-sixty- five (65) or older individual official retirees (i.e., individuals who have satisfied the age and service requirements of paragraph 50.4) who have retired after March 1, 1995, or were hired before December 31, 2006 and their spouses may receive a monetary benefit to be applied to the retiree’s share of the monthly premium cost for MCPF (ref. Paragraph 49.7). The Employer and the Association agree to continue the disbursement of funds through December 31, 2014 at which time this fund will no longer exist.
Appears in 1 contract
Sources: Collective Bargaining Agreement