Common use of Coverage at Termination Clause in Contracts

Coverage at Termination. A former employee may participate in the plan if s/he terminates employment before retirement provided s/he is a vested employee. This means s/he will be eligible for a benefit from the retirement system of the participating public entity when s/he reaches retirement age. The election to participate must be made within thirty-one (31) days from the last day of the month in which employment terminat- ed. The member must pay the full cost of coverage. However, s/he will not later be xxx- gible if s/he discontinues coverage at some future time.

Coverage at Termination. A former employee may participate in the plan if s/he terminates employment before retirement provided s/he is a vested employee. This means s/he will be eligible for a benefit from the retirement system of the participating public entity when s/he reaches retirement age. The election to participate must be made within thirty-one (31S1) days from the last day of the month in which employment terminat- edter- minated. The member must pay the full cost of coverage. However, s/he will not later be xxx- gible eligible if s/he discontinues coverage at some future time.