Bridge Benefits Sample Clauses

Bridge Benefits. For any teacher who opts to retire prior to the time the teacher qualifies for Medicare, the School Corporation shall contribute a maximum of One Hundred Twenty-five Dollars ($125.00) monthly towards the retired teacher’s insurance premium payment for any School Corporation insurance plan that the teacher was enrolled during the twelve (12) month period before retirement until the month the teacher qualifies for Medicare. Additionally, if a teacher qualifies for Bridge Benefits as provided above and the retired teacher is covered by a spouse’s plan (ex. employee and spouse) who is an active at work employee then the retired teacher may elect to have their annual benefit contributed to their spouse’s premiums.
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Bridge Benefits. Effecti v e June 8 , 2 0 0 7 Payable from age 55 at $18.00 per month per year of pensionable service. The maximum potential number of monthly bridge benefit payments is 120 or until age 65, whichever is the earliest. Effective for retirements on and after June 8 , 2 0 0 7 add a SPECIALLONG SERV- ICE EMPLOYEE’s BRIDGE – the amount of this payment will be $9.00 per month per year of pensionable service for employees who retire and have thirty
Sample 1
Bridge Benefits. Effective June 8. 2012 Payable from age 55 at $18.00 per month per year of pensionable service. The maximum potential number of monthly bridge benefit payments is 120 or until age 65, whichever is the earliest. Effective for retirements on and after June 8, 2012 add a SPECIAL LONG SERVICE EMPLOYEE's BRIDGE — the amount of this payment will be $9.00 per month per year of pensionable service for employees who retire and have thirty (30) or more years of pensionable service. The duration of the Special Long Service Employee's Bridge will be for a maximum of 120 months or age 65 whichever occurs first. This provision applies to all three (3) bridges. Effective for retirements on and after June 8, 2012 continue the EARLY RETIREMENT BRIDGE payment of $2.00 per month per year of pensionable service for employees who are less than 62 years of age with 10 years of pensionable service at date of retirement. The duration of the Early Retirement Bridge will be a maximum of 120 months or age 65 whichever occurs first.
Sample 1

Related to Bridge Benefits

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • Existing Benefits The Authority recognizes that as of July 9, 1971 employees in the bargaining unit enjoy certain benefits and privileges not referred to herein and agrees not to alter or change these privileges in such a manner as to discriminate between bargaining unit and non-bargaining unit employees.

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • Sick Benefits 15.01 Eligible employees will receive Short Term Disability Benefits in accordance with the terms and conditions outlined in the STD Plan Text, a copy of which has been supplied to the Union. The STD plan forms part of this Collective Agreement.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Benefits 17.01 The Employer agrees, during the term of the Collective Agreement, to contribute towards the premium coverage of participating eligible employees in the active employ of the Employer under the insurance plans set out below subject to their respective terms and conditions including any enrolment requirements:

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

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