Retiree Life Insurance Benefits. For employee’s hired or promoted into the MPSO prior to the effective date of subsection 3 below. An employee who commences receiving a service retirement allowance between January 1, 2018, and December 31, 2020, shall be eligible to elect life insurance benefits, hereinafter referred to as "Retiree Life Insurance Benefits," for the period of his/her retirement under the following terms and conditions:
Retiree Life Insurance Benefits. For those employees hired or promoted into the MPSO on or after the implementation date of this subsection.
Retiree Life Insurance Benefits. 10 a. Amount of Life Insurance Coverage
Retiree Life Insurance Benefits. Effective Immediately after the Distribution Date, SpinCo shall adopt a SpinCo Plan or Plans to provide any retiree life insurance benefits that are required to be provided to Transferred Individuals. Any retiree life insurance benefits to be provided shall be substantially identical to the retiree life insurance benefits that would have been provided under an Acuity Plan for such individuals, subject to the right of SpinCo to amend or terminate any such retiree benefits. In the case of any individual who is not a Transferred Individual, Acuity will retain the liability for providing any retiree life insurance benefits required to be provided to such individual, subject to the right of Acuity to amend or terminate any such retiree benefits.
Retiree Life Insurance Benefits. An employee who commences receiving a service retirement allowance between January 1, 2017, and December 31, 2017, shall be eligible to elect life insurance benefits, hereinafter referred to as "Retiree Life Insurance Benefits," for the period of his/her retirement under the following terms and conditions:
Retiree Life Insurance Benefits. 8 a. Amount of Life Insurance Coverage 9 (1) To be eligible for retiree life insurance benefits, employees, regardless of 10 age, must have maintained at least 50% of their base salary as additional 11 life insurance coverage at the time of retirement to continue to be part of the 12 City’s life insurance program. All elections for additional life insurance 13 coverage must be in multiples of 50% of the base salary at the time of 14 retirement, not to exceed the additional insurance percentage elected as an 15 active employee at the time of retirement.
Retiree Life Insurance Benefits. 3 a. Amount of Life Insurance Coverage 4 (1) To be eligible for retiree life insurance benefits, employees, regardless of age, must 5 have maintained at least 50% of their base salary as additional life insurance 6 coverage at the time of retirement to continue to be part of the City’s life insurance 7 program. All elections for additional life insurance coverage must be in multiples 8 of 50% of the base salary at the time of retirement, not to exceed the additional 9 insurance percentage elected as an active employee at the time of retirement. 10 (2) Upon attaining age 65, and having maintained additional life insurance coverage, 11 as described in 1.a., of this subsection, from retirement to age 65, the city shall 12 provide $10,000 of life insurance coverage.
Retiree Life Insurance Benefits. For the term of this Agreement, full-time Continuing Employees who retire during the term of this Agreement and who otherwise satisfy the Life Insurance Plan’s eligibility requirements for retiree coverage will be eligible for retiree life insurance coverage under the Life Insurance Plan and shall be classified as Group 2 retirees as described in the Life Insurance Plan SPD. Group 2, Class A retirees, as described in the Life Insurance Plan SP D, currently are eligible to receive retiree life insurance coverage upon retirement equal to one-half (1/2) times their annual base pay immediately prior to retirement, regardless of their age and level of coverage immediately prior to retirement. Group 2, Class B retirees, as described in the Life Insurance Plan S P D currently are eligible to receive retiree life insurance coverage upon retirement equal to one (1) times annual base pay immediately prior to retirement, regardless of their age and level of coverage immediately prior to retirement. Cash Balance Plan Participants shall not be eligible for retiree life insurance coverage or benefits under the Life Insurance Plan or for any other life insurance coverage or benefits from the Company or any other Entergy System Company upon their retirement or other termination of employment.
Retiree Life Insurance Benefits. 1. During the term of this Memorandum of Agreement, Retiree Life Insurance Benefits for eligible participants (those who were employed prior to October 18, 1995) will be as follows:
Retiree Life Insurance Benefits. If the superintendent retires from Caledonia Community Schools with 5 or more years of administrative service to the District, Caledonia Community Schools will provide the superintendent with a retiree life insurance benefit. The retiree life insurance benefit will be a continuation of the term life insurance policy provided to the superintendent while employed by Caledonia Community Schools, as specified in the Group Agreement with the Administrative Group. The benefit will be provided until the superintendent attains age 70. Caledonia Community Schools will pay the premium for the retiree policy, up to an annual maximum of 50% of the premium cost or $75.00 per month, whichever is greater. The superintendent shall be responsible for any remaining cost.
