Post-Retirement definition

Post-Retirement means, in respect of any calendar year, of the percentage increase in the Consumer Price Index, during the 12-month period ending October of the preceding year, subject to a maximum adjustment of The Post-Retirement Adjustment shall be rounded to the nearest tenth of one percent. The Company agrees to administer the pension plan in accordance with the award dated 8/89.
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Post-Retirement means, in respect of any calendar year, fifty percent (50%) of the percentage increase in the Consumer Price Index during the twelve (12) month period ending in October of the preceding year, subject to a maximum adjustment of five percent (5%). The Post-Retirement Adjustment shall be rounded to the nearest one-tenth of one percent of 1%). The annual amount of basic pension paid to a participant who retired on or after June will be increased on January and annually thereafter, until the expiry of the labour agreement next following the collective agreement. This annual increase shall be equal to the Post Retirement Adjustment multiplied by the amount of basic pension being paid. The first adjustment for a newly retired participant will be multiplied by the ratio represented by the number of months elapsed between his retirement date and the effective date of the first adjustment divided by twelve The adjustment for a participant who elects to receive his pension under the level income option will be equal to the Post-Retirement Adjustment multiplied by the amount of basic pension he would have received if he had opted for the normal form. Hence, the parties hereto have agreed upon the following terms and conditions including modifications to the existing collective labour agreement with regard to the twelve (12) hour shift schedule. I TERMS AND CONDITIONS APPLY TO THE TWELVE It is understood by all parties hereto that problems may subsequently arise which are not addressed by this Memorandum of should this occur, the parties agree to meet and resolve such problems in a manner which must result in no increased cost to the company. No premium will be paid and/or no loss of premium or income will be compensated as a result of a change from a twelve (12) hour shift schedule to an eight (8) hour shift schedule or conversely.
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Post-Retirement means, in respect of any calendar year, of the percentage increase in the Consumer Price Index, during the 12-month period ending October of the preceding year, subject to a maximum adjustment of The Retirement Adjustment shall be rounded to the nearest one-tenth of one percent. The Company agrees to administer the pension plan in accordance with the Arbitration award dated 4/18/89. The Company will contribute to the cost of safety shoes in the amount of per pair once a year provided the employee wears these shoes while working in the mill. Employees regularly scheduled to work will be supplied with an additional pair of safety shoes each year, if required, and the Company will contribute per pair toward the invoice 'cost of such shoes, if they are damaged during the course of performing his normal work. The employee shall present the damaged shoes to the at the time of his request for a second pair of safety shoes under this provision. If an employee furnishes doctor certification for the necessity of wearing orthopedic shoes, the Company will contribute percent of the difference between the orthopedic shoes and- the standard safety shoe. Other mandatory safety equipment and apparel will be provided as at present. Effective May the annual amount referred to above will be increased to At present time the Company provides safety prescription eyeglasses to an employee at no cost to the employee, except for a fitting fee. Effective May the Company agrees to include a fitting fee cost of twenty dollars ($20.00) for bifocal and dollars ($25.00) for bifocal safety prescription glasses for each regular employee, limited to one (1) fitting fee every two
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Examples of Post-Retirement in a sentence

  • At the request of the Participant, the Committee shall determine whether a proposed activity of the Participant will be considered a Post-Retirement Activity for purposes of this Agreement.

  • If such release is not effective within the sixty-day period required by Section 7.1 of the Severance Plan or in the event that the Participant engages in a Competitive Activity or a Post-Retirement Activity prior to the last day of the Restricted Period, the Participant shall immediately forfeit all of the Covered Units.

  • The County will work with the Union and the administrator of the new Post-Retirement Leave Conversion Medical Reimbursement Plan to explore the feasibility of transferring assets currently held by Security Benefit into the program.

  • Where an applicant accepts a TCA and provides irrevocable notice to sever their employment relationship with the University per 3.d above, with a copy to Pension and Benefits, such an applicant will be deemed to have fulfilled their written notice responsibilities in accordance with Article 15.27 should they wish and be otherwise eligible to receive Post-Retirement Benefits.

  • Dane County has adopted a Post-Retirement Leave Conversion Medical Reimbursement Plan (hereinafter, “Medical Plan”) and a Governmental 401(a) Special Pay Plan (hereinafter, “Retirement Plan”) (together called the “Plans”) to allow retiring employees to convert accumulated leave into a supplemental retirement benefit on a mandatory basis.

  • The “Pre-Retirement Employment and Post-Retirement Programs” are incorporated into this Agreement by reference as Appendix D.

  • The value of any vacation balance due upon separation at retirement shall be deposited into the employees Post-Retirement Health Care Savings Plan, as established in Minn.

  • The retirement benefits shall include Fourth Level of 1959 Survivor Benefits under Section 21382.4 of the California Government Code and Post-Retirement Survivor Allowance to Continue After Remarriage under Section 21266 of the California Government Code.

  • The Post-Retirement Health Reimbursement Account allows teachers to set aside money earned as an active teacher to cover costs of health or dental insurance, and other medical or dental expenses after termination of public service.

  • The Post-Retirement Health Reimbursement Account is an employer-sponsored program that allows teachers to pay medical expenses and/or health insurance premiums after termination of public service.


More Definitions of Post-Retirement

Post-Retirement shall refer to the period of time remaining in the current school year after the retirement date.
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Post-Retirement means the period after staff attains the mandatory retirement age of sixty (60) years.
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Related to Post-Retirement

  • Special Retirement means the Termination of Employment of Employee with the Company and all Subsidiaries at or after (i) age 55 or (ii) age 50 and completion of at least 10 years of service with the Company and all Subsidiaries.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Disability retirement for plan 1 members, means the period

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.