RETIREMENT AND GROUP INSURANCE Sample Clauses

RETIREMENT AND GROUP INSURANCE. Section 1 Retirement – Full-Time Employees PENSION – TCI Employees Accrual Rates 1/1/2019 24 $70.00 1/1/2020 25 $70.00 1/1/2021 26 $70.00 1/1/2022 27 $70.00 1/1/2023 28 $70.00 SERVICE PENSION BENEFITS Age of service 20 – 24 years of service 25 years of service 30 years of service <56 $0 $0 $2,300 57 $900 $1,200 $2,300 58 $950 $1,300 $2,300 59 $1,000 $1,400 $2,300 60 $1,050 $1,500 $2,300 61 $1,100 $1,600 $2,400 62 $1,200 $1,700 $2,500 63 $1,300 $1,800 $2,600 64 $1,400 $1,900 $2,700 65 $1,500 $2,000 $2,800 Effective January 1, 2020 2024 the above thirty (30) year service pensions shall be increased as follows: Ages: 56-60: $3000 61: $3100 62: $3200 63: $3300 64: $3400 65: $3500
AutoNDA by SimpleDocs
RETIREMENT AND GROUP INSURANCE. The retirement and group insurance programs agreed upon by the parties are made a part of this Agreement and are defined in the plan booklets.
RETIREMENT AND GROUP INSURANCE. PENSION—TCI Employees

Related to RETIREMENT AND GROUP INSURANCE

  • GROUP INSURANCE PLANS 15.01 The Company agrees to provide all full time employees with one (1) or more years of continuous service, a *Short Term Disability Benefit (S.T.D.) as generally described in Section B of a notice to all employees of the amended Benefit Plan dated May 1, 1993. *Payment for Short Term Disability shall begin on the third (3rd) consecutive day of absence. For those employees who have completed ninety (90) days of perfect attendance from the last date of return to work from an absence due to sickness or accident, shall be paid S.T.D. from the first (1st) day for the first covered absence following the ninety (90) days of perfect attendance.

  • Retirement Insurance A teacher retiring from the District and under the provisions of Teachers’ Retirement Association (TRA) is eligible to continue to participate in group insurance programs (health insurance, dental insurance, life insurance, supplemental life insurance) as permitted under the insurance policy provisions provided the teacher pay the entire premium for such group insurance programs commencing with the beginning of the retirement (see District Website, Human Resources for specific coverage available). The teacher shall be responsible for paying the monthly premium amounts in advance and on such dates as determined by the District/third party administrator. The right to continue participation in such group insurance programs will discontinue upon the failure of the teacher to pay the premiums to the District/third party administrator, or the expiration of insurance availability under the insurance policy provisions. Since long-term disability insurance coverage replaces salary, and a retiree receives no salary, long-term disability insurance coverage is not available.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Brown Act).

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Group Health Benefit Plans, Carrier and Premiums 7.1.1 When enrolment and other requirements for group participation in various plans have been met, the Employer will sponsor such plans to the portion agreed upon and such sponsorship shall not exceed that which is authorized or accepted by the benefit agency.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • ’ Compensation/Employer’s Liability Insurance If Contractor has employees, it shall maintain workers’ compensation insurance as required by law. Employer’s liability limits shall be not less than $1,000,000 for each accident, $1,000,000 as the aggregate disease policy limit, and $1,000,000 as the disease limit for each employee. If Contractor does not have employees, it shall provide a letter, on company letterhead, to the Judicial Council certifying, under penalty of perjury, that it does not have employees. Upon the Judicial Council’s receipt of the letter, Contractor shall not be required to maintain workers’ compensation insurance.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.