Retirement, Workers’ Compensation and Other Benefits Sample Clauses

Retirement, Workers’ Compensation and Other Benefits. The Director will remain a member of the Wakefield Contributory Retirement System. Upon retirement, Reading will be assessed a share of the cost of pension plans reflecting any concurrent time the Director spent working for Reading hereunder pursuant to applicable Massachusetts General Laws. Reading shall reimburse Wakefield quarterly as described in section ‘4. Compensation’ for its workers’ compensation, health insurance, life insurance, and Medicare costs associated with the employment of the Director, such reimbursement to be in the same proportion as Reading’s contribution to the Director’s compensation for such year.