Health Benefits on Retirement Sample Clauses

Health Benefits on Retirement. An employee who ceases to be a member of this plan because he has retired from active service with the Company, (or the spouse of an employee who died), and who is receiving a pension under the provisions of the Pension Plan for employees in Local 2724 USW (except a pension payable under the "deferred pension" provision of Article 5 of the pension agreement) shall be covered, and his eligible dependents shall be covered, as of the effective date of the pension, for a Major Medical Plan (including prescription drugs) and a Semi-Private Hospital Plan. The spouse of a deceased pensioner who retired from active service (and that deceased pensioner's eligible dependents) shall also be covered by the Major Medical and Semi-Private Hospital Plans. The plan will include drugs or medicines purchased from a licensed pharmacy, a physician, or hospital for which a medical prescription is necessary except that benefits available under a government prescription drug plan will not be duplicated under this plan. The plan will also pay for injectable drugs, sera and vaccines when administered by a qualified person but excludes the actual charge for its administration. The plan will pay 80% of the cost of such Major Medical expenses including prescribed drugs and medicines, up to a lifetime maximum of $140,000, after a deductible of $25 for each person to a maximum of $75 per family has been satisfied in any calendar year. The plan will also pay 100% of a hospital’s standard Semi-Private room daily rate, for the retiree and his eligible dependents. The plan does not provide the many patent medicines, food supplements, vitamins and other items that normally could be bought over the counter without a prescription whether such items are prescribed or not. The spouse and dependents of an employee who died while in active service will also be entitled to Dental benefits under Article 3.09 until the later of the youngest dependent attaining age 21 or the former spouse attaining age 60. A more detailed explanation of the Health Benefits on retirement is available from the Human Resources department. The plan will reimburse 50% of the receipted cost of glasses and hearing aids to a maximum of $200 per family through to July 31, 2013. This shall also apply to all retirees who retired prior to August 1, 2010. During the period of August 1, 2010 to July 31, 2013, any retiree or eligible dependent who reaches the Lifetime Maximum Limit (i.e. $140,000) will be provided with the full sup...
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Health Benefits on Retirement. 68 How Benefits are Provided ......... 57 Life Insurance.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . , , . , . 58 Life Insurance Conversion Privilege . . . . . . . . . . 59 Life Insurance for Retired Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long Term Disability Benefit 62 Major Medical Benefits . . . . . . . . . . . . . . . 64 Membership in Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 - Partial Exemption .................................................. 56 - Special Case ........................................................ 57 - Termination of Membership ................................. 56 Short Term Disability Benefit . . . . . . . . . . 59 SALARlED EMPLOYEES PENSION PLAN INDEX Summary of Pension Plan . . . . . . . . , . . . . . . . . . . . . . . . . . , . . . . . . . . . . . 72 COLLECTIVE AGREEMENT INDEX: ARTICLE: PAGE Agreement Duration ..................................................... -18 52 Bargaining Unit: Seniority ............................................. 27 Bereavement Pay ......................................................... 15.10 49 Contracting Out Committee .......................................... 1.02.11 19 Department Steering Committee (D.S.C.) ................... General 9 Departments ................................................................. 7.04 29 Departments - New ..................................................... 7.13 33 Discipline -- Justice & Xxxxxxx ....................................... .‘3 34 Discrimination ............................................................... .'3 22 Dues (Union) ........ - 2 1 Employee Participation Process ................................... General 8 Employees - New ........................................................ 1.08 21 Establishment ............................................................... 7.02 28 Existing Jobs - Union Recognition.. ............................. ‘I .01 - 1.02 18/19 Funeral Pay.. ................................................................ 15.09 49 General Article ............................................................. General 1
Health Benefits on Retirement. An employee who ceases to be a member of this plan because he has retired from active service with the Company, (or the spouse of an employee who died), and who is receiving a pension under the provisions of the Pension Plan for employees in USW Local 2251 (except a pension payable under the "Deferred Pension" provision of Article 4 of the Pension Agreement) shall be covered, and their eligible dependents shall be covered, as of the effective date of the pension, for a Prescription Drug Plan. The spouse of a deceased pensioner who retired from active service (and that deceased pensioner's eligible dependents) shall also be covered by the Prescription Drug Plan. The plan will include drugs or medicines purchased from a licensed pharmacy, a physician, or hospital for which a medical prescription is necessary except that benefits available under a government prescription drug plan will not be duplicated under this plan. The plan will also pay for injectable drugs, sera and vaccines when administered by a qualified person but excludes the actual charge for its administration. The plan will pay the full cost of such prescribed drugs and medicines, up to a lifetime maximum of $160,000.00, after a deductible of $15 for one person or $30 for two or more persons in a family has been satisfied in any calendar year. The plan does not provide the many patent medicines, food supplements, vitamins and other items that normally could be bought over the counter without a prescription whether such items are prescribed or not. The spouse and dependents of an employee who died while in active service will also be entitled to Dental benefits under Article 3.09 until the later of the youngest dependent attaining age 21 or the former spouse attaining age 60.

Related to Health Benefits on Retirement

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • 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.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Vacation Pay on Retirement Termination is as follows:

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

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