Benefits at Retirement Sample Clauses

Benefits at Retirement. Your normal retirement date is the first day of the month following your 65th birthday. However, you may retire as early as the first day of any month following your 55th birthday. Starting from your normal or early retirement date, you will receive a pension payable monthly throughout your lifetime.
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Benefits at Retirement. Upon notification of an Employee’s intention to retire, the Company shall provide to the Employee information on benefits that are available at retirement.
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Benefits at Retirement. 1) The District will provide health premiums for the Employee, for a maximum of two years (24 months) after entering retirement from the District under the following conditions: • The employee must have worked for the District fifteen (15) years immediately preceding retirement. • The employee must retiree at least two years prior (age sixty-three 63) to being qualified through Social Security eligibility for Medicare Part A and Medicare Part B. • The District shall provide a stipend or actual premium payments equivalent to twenty four (24) months of the medical plan premium contributions being made by the District for an individual employee. The District shall use the last month of the employer active employee medical plan premium contribution to determine the lump sum stipend or monthly employer medical premium contribution. For example, if the employer medical plan contribution is $1,000 per month at the time of last month of active service, the District will provide a $24,000 stipend or $1,000 employer premium contribution to pay for an individual medical plan to the retiree for 24 consecutive months. • Human Resources shall notify the future hired faculty member upon resignation for the purpose of retirement notice to the District of the option to receive a lump sum stipend or election for the District to make premium payments towards individual medical plan coverage for 24 consecutive months.
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Benefits at Retirement. The Company will provide an optional Dental and Health Care Insurance to all retirees, and all premiums for such benefits shall be payable by the retiree should they wish to have such coverage. Premiums will be paid on a basis for dental and health insurance until age The Company will give the Union copies of the policies of Benefits”.
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Benefits at Retirement. (a) Early retirement between ages of 55-64:
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Benefits at Retirement. The Company will provide an optional Dental and Health Care Insurance to all retirees, and all premiums for such benefits shall be payable by the retiree should they wish to have such coverage. Premiums will be paid on a 50/50 co- pay basis for dental and health insurance until age 65.
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Related to Benefits at 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.

  • 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.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

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