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.
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.
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.
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”.
Benefits at Retirement. (a) Early retirement between ages of 55-64:
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.
