Retiree definition

Retiree means any person who has begun accruing a retirement

Retiree means an individual who has qualified for an allowance under this title.

Retiree means any person who has begun accruing a retirement allowance or other benefit provided by this chapter resulting from service rendered to an employer while a member.

Examples of Retiree in a sentence

• The District fully acknowledges that all existing retirees and bargaining unit employees have a vested right to receive, and to continue to receive throughout their retirement, Retiree Medical Coverage.

• Commence retirement on or after January 1, 2019 - Under-Age 65 Retiree Legacy Medical Coverage.

• Should the Company expand, introduce or change health care options for non-bargaining unit under-age 65 retirees during the term of this Agreement and after its expiration, such benefits may, within the Company’s discretion, be extended to retirees covered by this Agreement on a same design basis with the same retiree contributions as non-bargaining unit employees, in addition to the Retiree Medical Coverage for which the employee is eligible for under the terms of this Agreement.

• During the life of the Agreement, and after its expiration, there will be no changes to the co-insurance, the calendar year deductible amounts, the calendar year out-of-pocket maximum, plan design or the prescription drug formula, for Retiree Legacy Medical Coverages listed in this Article.

• All eligible employees retiring on or after March 12, 2023, the service-based contribution formula applies for Retiree Medical Coverage with an annual contribution cap of $8,000 for Retiree Only or $16,000 for Retiree + Family coverage.

More Definitions of Retiree

Retiree is defined as having at least ten (10) years of service with FCPS.

Retiree means a former employee of the State of Illinois, or one of its branches thereof, who meets the Plan Sponsor’s definition of retired employees and to whom the Plan Sponsor offers Coverage under the Plan.

Retiree means any person in receipt of a retirement

Retiree means an Optionee who has Retired.

Retiree. Grantee is sometimes referred to as a “Retiree” if Grantee Retires, as defined in Section 12.24.

Retiree means a recipient of a pension under the College Pension Act who was previously employed by Capilano College, or a former employee of Capilano College, with a minimum period of employment at the College of ten (10) FTE years, who has retired from work.

Retiree or "retired member" means a member who is receiving full or partial pension benefits