Optional Retirement Coverage Sample Clauses
Optional Retirement Coverage. Effective April 28, 2005, upon early retirement, the employee has the option of a fifty thousand dollar ($50,000) life insurance policy to age sixty-five (65) by paying both employee and Employer premiums. Application must be made at the time of retirement.
Optional Retirement Coverage. For employees who retire on or after January coverage of shall be available to the retiree up to the age of The cost of such insurance be fully paid for by the retiree at group rates and application must be made at the time of retirement. At age the retiree may convert said within thirty (30) days. At retirement, an additional fifty thousand dollar ($50,000) life insurance policy in optional each of ten thousand dollars ($10,000) shall be available to retirees, subject to evidence of insurabilityand will be fully paid for by the retiree at rates prescribed by the insurance carrier for the period from retirement to age At age the retiree may convert said policy within thirty