Continuation after retirement Clause Samples
Continuation after retirement. Where a contributor returns to the Industry after payment of any claim, or remains in employment after the payment of a Retirement Benefit, he shall, if under the age of 65, rejoin the Fund and be regarded as a new contributor. If, however, such contributor is already 65, he shall not be permitted to rejoin the Fund.
Continuation after retirement. Continuation of health insurance coverage after retirement, at any age, will require the retiree to pay the full cost of the selected coverage level. Those employees leaving employment, because of retirement, may remain part of the group plan by paying the full premium. However, coverage under the EACS plan will terminate on the last day of the month in which the member (retired employee or dependent spouse) becomes eligible for Medicare whether through age or disability. The spouse, and eligible dependents, may remain on the EACS plan until the spouse becomes eligible for Medicare. Continuation of life insurance after retirement will be at the retiree’s cost and will be dependent upon the conversion policies of the group life insurance carriers.