Retiree Health Coverage. Fire Series employees who retire on or after February 1, 2006 will pay 70% of the monthly contribution rate for medical coverage for themselves and for their eligible spouse; and the City will contribute 30% of said costs, for so long as timely and continuous monthly premium payments are made by or on behalf of the eligible retiree and/or by their eligible spouse. Medical plan benefit coverage for retirees and eligible spouses will be effective until they reach the age of 65. The monthly costs shall be 102% of the established insurance premium contribution rates, and such rates are subject to change. (Resolution 16-2006 and Resolution 116- 2002) Rates will be reviewed annually by the City beginning in April of each year and adjusted on the first day of July each year, or as soon thereafter as possible, according to the actuarially established contribution rates, and consistent with the percentage rates outlined above. (Resolution 16-2006) For current retiree health rates, please contact the Human Resources office or review the Employee Pay and Benefit Plan. Retired employees are eligible to purchase the City’s Employee Medical, Dental and/or Vision Plan benefits for themselves and their spouse, provided the spouse was covered under each of the Benefits Plan proposed to be purchased for not less than thirty (30) days immediately prior to the employee’s retirement date (Resolution 85-97) Holidays
Retiree Health Coverage. For all employees hired before January 1, 2009 and who have attained a cumulative total completed years of service (excluding extra help service and provisional) with El Dorado County as specified below, shall be entitled to the percentage monthly contribution of the "employee only" medical coverage rate (strictly health and not to include dental or vision) at retirement toward a County-Sponsored Health Plan as follows: Level 3 20 years plus 67% Level 2 15 - 19 years 50% Level 1 12 - 14 years 33% Part-time employment (excluding extra help and provisional) shall be treated in accordance with the Retiree Health Benefits Contribution Plan Document. County contributions for all bargaining units under this program shall not exceed 1.2% of total County payroll costs during any given fiscal year pursuant to the provisions of the Retiree Health Benefits Contribution Plan Document. The retiree health contribution rates will be calculated annually on a calendar year basis effective January 1 of each calendar year. The OE3 Trust Health Plan shall be treated as if it were an Alternate County-sponsored Health Plan for purpose of County contributions specified in the Retiree Health Benefits Contribution Plan Document and the provisions of this Section.
Retiree Health Coverage. The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or his or her surviving spouse an amount equivalent to the two party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Memorandum of Understanding for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or his or her surviving spouse is based on the following schedule: Years of Service Percentage to be Paid by the City 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate Years of Service Percentage to be Paid by the City 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate
Retiree Health Coverage. Health coverage following the termination of employment shall be made available to the extent required under, and in accordance with, Minnesota Statutes Section 471.61, subd. 2b. The District makes no contribution towards the premium cost of such coverage.
Retiree Health Coverage. First Merchants shall take such action as may be necessary so that immediately following the Effective Date, the retirees of Citizens and the Subsidiaries and dependents listed in Section 5.12(m) of the Citizens Disclosure Letter shall be eligible for medical and prescription drug coverage under the health plans of First Merchants. Such retirees shall be responsible for the entire cost of such coverage.
Retiree Health Coverage. Executive shall be eligible to elect retiree health coverage under Envestnet’s health plan pursuant to the terms of the plan. Executive will be solely responsible for the cost of such coverage.
Retiree Health Coverage. Hire date before July 2, 2012: The City of Xxx Arbor shall provide to all bargaining unit members hired before July 2, 2012 (or who are promoted from a position which was eligible for retiree health care), who retire, (including their spouse and dependents as long as the retiree remains the subscriber), the retiree health care insurance benefits and coverage level under the health insurance plan as received by the bargaining unit member as of the date of retirement, unless otherwise provided herein. This benefit provision may also apply to surviving spouses and eligible dependent children (as defined in the health care plan) of deceased retirees, and dependent on the pension option chosen by the employee at the time of retirement.
Retiree Health Coverage. The Township shall provide each employee who retires from the Department after twenty-five years of service with a hospitalization insurance policy. The policy shall cover the retired officer, the retiree’s spouse and any minor dependent children. The coverage shall be similar or equal to Community Blue 10 (suffix 681/0020), $10/$20/$40 RX with 1-X MOPD (Appendix G). To be eligible for this benefit, the surviving spouse must have been the spouse and dependents of 2 For example, an employee who elects to enter the 401(a) plan with 25 years of service shall have a defined benefit pension equal to 72% of final average compensation, (25 yos x 2.8% = 70% + no credit yos beyond 25 yos). record at the time that the employee retired on a regular or disability retirement and began receiving retirement benefits. However, upon taking any employment after retirement, the employee shall notify the Charter Township of Clinton who their employer is and whether or not health care insurance is available to them, and if the employer offers health care insurance, the Township shall drop the employee from the Township’s insurance for health care until such time as the employee ceases employment, at which time he/she shall be reinstated with the Township health care insurance as soon as possible. Employees shall be required to pay $50 per pay into the Township Retiree Health Care Fund annually commencing April 1, 2011. Beginning April 1, 2013, employees shall be required to pay $35 per pay into the Township Retiree Health Care Fund annually. If the retiree and/or the retiree’s spouse qualify for Federal Medicare benefits, the retiree and spouse must enroll in Parts A and B as soon as eligible. The Township shall pay for a Medicare supplement like or similar to the policy which the retiree had while in retirement prior to Medicare coverage. Upon the death of a retired officer his/her spouse and minor dependant children shall continue to receive health insurance benefits, as though the retiree were still alive, until she/he remarries.
Retiree Health Coverage. If you remain actively employed by the Company or any of its affiliates until you reach age fifty (50), upon your termination of employment with the Company and all of its affiliates, you shall be entitled to vested retiree health coverage under the Brown & Wxxxxxxxxx Tobacco Corporation Health Care Plan for Salaried Employees (the “B&W Plan”) in lieu of the retiree health benefits generally provided by the Company. By your signature below, you acknowledge and agree that your retiree health coverage is subject to the terms of the B&W Plan.
Retiree Health Coverage. Effective as of July 21, 2003, and notwithstanding anything contained herein to the contrary, the Executive and his spouse at the date of his termination of employment (his “Spouse”) shall each be entitled to the retiree health coverage described herein for the remainder of his or her life if the Executive’s employment is terminated (i) for any reason on or after December 31, 2005 or (ii) at any time under the following circumstances: termination due to death or physical or mental illness or injury; termination by the Company without Cause (as defined in Section 6.1.1), termination by the Executive with Good Reason (as defined in Section 7.2.1), or termination for any reason following a Change of Control (as defined in Section 8.1.1) or a Corporate Transaction (as defined in Section 8.1.2). The retiree health coverage provided by the Company to the Executive and his Spouse shall be comparable to the coverage provided by the Company to them immediately prior to the termination of the Executive’s employment until they become covered by Medicare. Once the Executive or his Spouse becomes covered by Medicare, the Company shall provide retiree health coverage that, together with Medicare Coverage, is comparable to the coverage that the Company provided to him or her immediately prior to the Executive’s termination of employment. Such retiree health coverage shall, to the extent possible, be provided through the Company’s payment of the costs of the Executive’s and his Spouse’s continued health care coverage under the provisions of Section 4980B of the Internal Revenue Code of 1986, as amended, and Section 10116.5 of the California Insurance Code (“COBRA”). If COBRA coverage is not available or it is exhausted or no longer available, the Company shall provide such retiree health coverage through reimbursement of premiums paid by the Executive and/or his Spouse on a health insurance policy or policies acquired by the Executive and/or his Spouse until age 65 and thereafter by reimbursement of the Executive and/or his Spouse of premiums paid on an insurance policy or policies providing Medicare supplemented coverage. The Executive and/or his Spouse shall provide the Company with evidence that the applicable health insurance or Medicare supplemental health insurance policy. If, for any reason, the retiree health coverage shall become taxable to the Executive and/or his Spouse, the Company shall pay to the Executive and/or his Spouse an amount (a “Gross-Up Amount”) th...
