Retirement Health Coverage Sample Clauses

Retirement Health Coverage. The Company shall reimburse Executive for the one-time premium expended by Executive for the purchase of post-retirement health insurance for Executive and his family, such reimbursement to be made upon receipt by the Company of a copy of the premium statement therefor not to exceed $120,000.
Sample 1
AutoNDA by SimpleDocs
Retirement Health Coverage. 23 A. Unit members who retire may continue to participate in 24 the health care plan, as outlined, provided the unit member makes 25 the arrangements for premiums to be paid through the retirement 26 program. This benefit is dependent upon the continued approval of 27 the insurance carrier. In the event that the Department re-enters 28 the California Public Employee Retirement System (PERS) provided 1 pursuant to the State Employees’ Medical and Hospital Care Act, the 2 Department agrees to pay the then-applicable monthly minimum 3 contribution rate established by the contract between the 4 City/Department and PERS.
Sample 1
Retirement Health Coverage. For a ------------------------------- three (3) year period commencing on the Closing Date (the "Post-Retirement Period"), Buyer shall, or shall cause a Subsidiary of ---------------------- Buyer to, provide post-retirement health coverage (excluding any post-retirement dental coverage) to each Transferred Employee (and eligible dependents) upon the termination of such Transferred Employee's employment; provided that such Transferred Employee -------- otherwise satisfies the applicable age and/or service requirements. Such post-retirement health coverage shall be at least substantially equivalent (in terms of the eligibility requirements, scope of the post-retirement health coverage provided and the cost of such coverage to the Transferred Employees) to either (A) that provided under the applicable post-retirement health program in effect immediately prior to the Closing Date, recognizing additional age and service credit accrued with Buyer and/or a Subsidiary of Buyer after the Closing, or (B) that provided to similarly situated employees of Buyer; provided, -------- however, that if Buyer or a Subsidiary of Buyer shall elect to provide ------- post-retirement health coverage through an Applicable Buyer Plan pursuant to this Section 5.11(n)(i)(B), Buyer or such Subsidiary of Buyer shall, for the duration of the Post-Retirement Period, waive any otherwise applicable company cost-sharing and life-time maximum limitations with respect to such post-retirement health coverage.
Sample 1
Retirement Health Coverage. A. Employees who retire on October 10, 2002 or after, who have completed twenty (20) years of St. Xxxx’x-Xxxxxxxxx bargaining unit seniority and have reached the age of sixty (60), will be eligible to participate in the Employers Retirement Medical Coverage Plan. Benefit coverage and employee contribution requirements will be the same as non-represented employees. Participation in the plan is available to employees until they are Medicare eligible according to law, and only if they have retired under the NYSNA Pension Plan.
Sample 1
Retirement Health Coverage. Post-retirement medical, mental health, substance abuse, pharmaceutical, vision, and dental coverage. Prime Rate. An interest rate per annum equal to the interest rate last published as the “Prime Rate” by The Wall Street Journal on or immediately prior to the date a given obligation first becomes due. Such published rate is defined by The Wall Street Journal as the base rate on corporate loans posted by at least 75% of the 30 largest U.S. banks.
Sample 1
Retirement Health Coverage. 47-49 Retirement Insurance ............................................................................. 47- 50 Retirement Incentive............................................................................... 47, 48 Sabbatical Leave ................................................................................... 24
Sample 1
Retirement Health Coverage. ⚫ An average of forty teachers retire each year and receive individual health coverage (not including dental) until age 65 when they are transferred to Medicare ⚫ Based upon this average number of annual retirements, the District can save approximately $250,000 in the first year if post-retirement health benefits were not offered to these forty teachers ⚫ The annual savings would obviously compound due to increases to the cost of health benefits and additional retirees ⚫ In FY2011, $6.8 million has been budgeted for post-retirement health benefits for all employees ⚫ Approximately half of the school districts in Rhode Island offer post-retirement health coverage and the trend is to curtail or eliminate this benefit ⚫ Total Projected Savings = $250,000 (Year #1) 47 Savings Subtotal Potential Savings: $ Range ($Million) 1. Substitute Teacher Reform $6.7 $9.9 2. State Average Work Expectations $2.2 $2.2 3. Miscellaneous $1.4 $1.4 4. Health Benefits $3.1 $5.8 Total Potential Savings $13.4 $19.3 48 The Big Picture: Salary Increase + Contract Reform Funds for Other Education Purposes 2011/12 2012/13 2013/14 ($ Million) ($ Million) ($ Million) Potential Savings Cumulative Savings $19.3 $19.55 $19.8 $19.3 $38.85 $58.65 Cost of Salary Increases $6.6 $3.1 $3.2 Cumulative Salary Costs $6.6 $9.7 $12.9 Net Cumulative Savingsafter paying Salary Increases $12.7 $22.55 $29.45 = 49 Fourth Hearing: Extended Learning Time 🞆 Urban Education Task Force 🞆 Volunteers in Providence Schools 🞆 Childrens Crusade of Rhode Island 🞆 Rhode Island Urban Debate League 🞆 Narragansett Boat Club Section Two: Time Reforms 51 Bringing Providence To The State’s Midpoint 🞆 Increase work year from 181 days to 183 days 🞆 Increase elementary work day from 6:15 to 6:40 🞆 Increase middle/high school work day from 6:40 to 6:45 🞆 Increase from 11 to 17 the number of hours for expected meetings 🞆 Add an expectation that teachers will meet with parents after school for reasonable requests 52 Section Three: Schedule and Personnel Flexibility . 53 Flexible Schedule Reforms 🞆Permit flexible school opening times (within +/- 30 minutes) 🞆Permit staggered work schedules (+/- 1 period) 🞆Permit mid-day flex time 🞆Permit flexible substitutes 🞆Permit clubs and extracurricular activities to meet during the school day Personnel Flexibility 🞆 Permit community members (properly vetted) to apply for the positions of sports coaches and club advisors 🞆 Permit community groups (properly vetted) to conduct...
Sample 1
AutoNDA by SimpleDocs

Related to Retirement Health Coverage

  • Health Coverage For the duration of the leave required under this policy, not to exceed twelve (12) weeks, the Board will maintain the employee’s health coverage under any group health plan at the same level and under the same conditions as if the employee had continued to work. Any employee contributions to the health plan must be maintained during the leave to maintain coverage.

  • Contribution Formula Health Coverage a. Faculty Member Coverage. For faculty member health coverage for the 2018 2022 and 2019 2023 plan years, the Employer contributes an amount equal to ninety-five percent (95%) of the employee- only premium of the Minnesota Advantage Health Plan (Advantage).

  • 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.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • Retiree Coverage Pre-Medicare: Employees who retire on or after January 1, 2011, will be provided the same health care benefits, including but not limited to, cost sharing, that it provides to its active employees until the retiree becomes eligible for Medicare. In the event health care benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the last health care benefits plan in effect for retirees preceding the elimination of the plan shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides a health care benefits plan to active employees. Medicare: Retirees must enroll in the Part B Medicare program commencing on the date they first become eligible to participate in the program. Retirees shall be responsible for the cost of such coverage. The Employer shall make available to those retirees who are properly enrolled in the Part B Medicare Program as above provided, a Supplemental Plan, with a $100 deductible. Such Plan will have the same Rx drug benefits the County provides its active employees. In the event Rx drug benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the Rx drug benefits last in effect for retirees preceding the elimination of the Rx drug benefits for active employees shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides Rx drug benefits to active employees.

  • Workers’ Compensation Coverage Consultant certifies that Consultant has qualified for workers’ compensation as required by the State of Oregon. Consultant shall provide the Owner, within ten (10) days after execution of this Agreement, a certificate of insurance evidencing coverage of all subject workers under Oregon’s workers’ compensation statutes. The insurance certificate and policy shall indicate that the policy shall not be terminated by the insurance carrier without thirty (30) days’ advance written notice to City. All agents or Consultants of Consultant shall maintain such insurance.

  • Workers’ Compensation/Employer’s Liability The Contractor shall have, maintain, and provide proof of Workers’ Compensation insurance.

  • COMPENSATION COVERAGE (a) When an employee is injured at work and goes on Compensation, he or she shall, when the Compensation Board signifies that the employee may go to work, be returned to the payroll at his or her previous job and rate of pay for a period of one (1) week, to see if he or she is able to do the job he or she held at the time of the injury.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

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