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:
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