Retiree Health Plan. The Hospital will provide a Health Plan for Retirees from the Hospital as provided under the conditions specified below:
Retiree Health Plan a. Employees Hired Prior to January 1, 2004 Monthly City-paid premium contributions for a retiree-selected health plan through the CalPERS Health Benefits Program will be made as provided under the Public Employees' Medical and Hospital Care Act. The City's contribution for an employee hired before January 1, 2004 and whose retirement date is on or after May 1, 2011 shall be the same contribution amount it makes from time to time for active City employees.
Retiree Health Plan. Pursuant to its collective bargaining agreement with GCIU Local 663, the Seller provides certain employees who were on its payroll as of July 31, 1998, and who retire between the ages of 62 and 65 (“Early Retiree Eligible Employees”) with the option of continuing coverage under its health and welfare program after retirement and until age 65, by paying the applicable premium for this coverage. On and after the Closing Date, the Buyer shall assume the Seller’s obligation to provide this continuing coverage to all Early Retiree Eligible Employees, including both current employees of the Seller who may become eligible for this continuing coverage on or after the Closing Date and former employees of the Seller who have elected or have the right to elect this continuing coverage, by providing this continuing coverage under the Buyer’s own health and welfare program to the extent required by the collective bargaining agreement with GCIU Local 663 that the Buyer is assuming pursuant to subsection (b) above. This continuing coverage for Early Retiree Eligible Employees shall be in addition to and not in derogation of, any COBRA coverage that the Buyer is obligated to provide in accordance with subsection (d) above to Hired Employees.
Retiree Health Plan. In the event that the employees elect as a group to join the Western Conference of Teamsters Retiree Welfare Trust, the Employer agrees to withhold the designated amounts from the employees’ paychecks as permitted by law to fund their participation in the retiree health plan. Nothing herein amends the employer or employee rights and obligations under PERS or MEBT.
Retiree Health Plan. The Sellers shall take or cause to be taken such actions with respect to its retiree health plan as necessary to provide that each Transferred Employee who (i) on the Polymers Closing Date (in the case of the Transferred Polymers Employees) or the Base Chemicals Closing Date (in the case of the Transferred Base Chemicals Employees) is eligible to retire from the Sellers and receive coverage under the Sellers’ retiree health plan or (ii) would become so eligible prior to the “applicable date” if his continuous employment with the Purchaser following the applicable Closing were deemed to be continued employment with the Sellers, shall, on his termination from the Purchaser, be eligible to elect, to the extent the Sellers then maintain a retiree health plan, to receive coverage under the Sellers’ retiree health plan as if he had retired directly from the Sellers. The “applicable date” shall mean (A) the end of the term of the collective bargaining period in effect on the Polymers Closing (in the case of the Transferred Polymers Employees) or the Base Chemicals Closing (in the case of the Transferred Base Chemicals Employees), if the Transferred Employee is covered by a Labor Agreement and (B) January 31, 2009, if the Transferred Employee is not covered by a Labor Agreement. However, nothing herein shall operate or be construed to prevent the Sellers from amending or terminating their retiree health plan at any time following the Base Chemicals Closing, provided that (1) the Sellers, either through Sellers’ retiree health plan or otherwise, will ensure that the same coverage as described in this subsection is provided to each eligible Transferred Employee whose employment terminates by the “applicable date” at least through the “applicable date” and (2) the Sellers will not eliminate or materially adversely change, prior to the “applicable date,” the coverage provided for in the Sellers’ retiree health plan for any employees whose employment terminates prior to the Polymers Closing Date or the Base Chemicals Closing Date, as the case may be, and had been covered by a Labor Agreement when employed by the Sellers. This paragraph is not intended to be, and shall not be construed as, an amendment to the Sellers’ retiree health plan.
Retiree Health Plan. 45.1. The parties agree that the union will establish the Miami Association of Fire Fighters IAFF Local 587 Retiree Health Plan (“RHP”) consistent with current IRS Rules and Regulations.
Retiree Health Plan. The Employer offers a retiree health plan to employees who retire after October 1, 1987. Employees must have worked for the City of Turlock for fifteen years and are required to pay the premium for this health plan as determined by an annual evaluation of costs. This health program is available to retirees until they reach age sixty five, become eligible for Medicare or become eligible for another group plan as an employee. Premiums may be adjusted once every twelve months in conjunction with plan renewal under the self-insured plan each July 1st.
Retiree Health Plan. A. Employees who retire during the period of this Agreement who have met the vesting requirements with Xxxxxx County service only, and who are immediately eligible for retirement benefits shall be provided single subscriber health and hospitalization coverage.
Retiree Health Plan. The City also shall contribute sixteen dollars ($16.00) per month on behalf of each retiree to provide hospital and medical care benefits, for an employee only, who retires from the City of San Xxxxxx with a PERS retirement benefit. In addition, for those employees who retire with a PERS retirement with at least ten (10) years of City service, the City shall pay for the retiree only, an amount not to exceed the PERS Care single rate. The amount between the $16.00 medical contribution and the PERS Care single rate will be reimbursed by the City to the retiree on a quarterly basis. Effective January 1, 2002 and each January 1 thereafter, the City’s maximum contribution will be increased annually by premium increase of up to ten percent (10%) for PERS Care single rate in the same manner as described above for active employees. Any increase over a ten percent (10%) will be deducted from the retirees’ quarterly reimbursement.
Retiree Health Plan. In addition, the City shall contribute sixteen dollars ($16) per month to provide hospital and medical care benefits, for an employee only who retires from the City of San Xxxxxx with a PERS retirement benefit. For those employees who retire from San Xxxxxx with a PERS retirement with at least ten (10) years of City service, the City shall pay for the retiree only, an amount not to exceed the current employee only contribution under this. The amount between the sixteen dollars ($16) medical contribution and the single PERS Care rate will be reimbursed by the City to the retiree on a monthly basis.
