Common use of Deferred Retirement Clause in Contracts

Deferred Retirement. i. An employee who, upon separation from the Authority, is eligible for paid retirement and elects deferred retirement must defer participation in the Retiree Medical Insurance Grant until such time as they become an active retiree. However, in order to be eligible for health care coverage provided by XxxXXXX, retirement must not be deferred for more than one hundred twenty (120) days after the employee separates from Authority Service. ii. An employee with at least one (1) year of service (2,080 hours), who is not eligible for paid retirement at the time they separate from Authority service and elects deferred retirement status shall not become eligible for participation in the Retiree Medical Insurance Grant until they become fifty- five (55) years of age.

Deferred Retirement. i. An employee who, upon separation from the Authority, is eligible for paid retirement and elects deferred retirement must defer participation in the Retiree Medical Insurance Grant until such time as he/she they become becomes an active retiree. However, in order to be eligible for health care coverage provided by XxxXXXX, retirement must not be deferred for more than one hundred twenty (120) days after the employee separates from Authority Service. ii. An employee with at least one (1) year of service (2,080 hours), who is not eligible for paid retirement at the time he/she they separate separates from Authority service and elects deferred retirement status shall not become eligible for participation in the Retiree Medical Insurance Grant until he/she they become fifty- becomes fifty-five (55) years of age.

Deferred Retirement. i. An employee who, upon separation from the Authority, is eligible for paid retirement and elects deferred retirement must defer participation in the Retiree Medical Insurance Grant until such time as they become he/she becomes an active retiree. However, in order to be eligible for health care coverage provided by XxxXXXX, retirement must not be deferred for more than one hundred twenty (120) days after the employee separates from Authority Service. ii. An employee with at least one (1) year of service (2,080 hours), who is not eligible for paid retirement at the time they separate he/she separates from Authority service and elects deferred retirement status shall not become eligible for participation in the Retiree Medical Insurance Grant until they become fifty- he/she becomes fifty-five (55) years of age.

Deferred Retirement. i. a. An employee who, upon separation from the AuthorityAuthority Service, is eligible for paid retirement and elects deferred retirement must defer participation in the Retiree Medical Insurance Grant until such time as they become he/she becomes an active retiree. However, in order to be eligible for health care coverage provided by XxxXXXX, retirement must not be deferred for more than one hundred twenty (120) days after the employee separates from Authority Service. ii. b. An employee with at least one (1) year of service Service (2,080 2080 hours), who is not eligible for paid retirement at the time they separate he/she separates from Authority service and elects deferred retirement status status, shall not become eligible for participation in the Retiree Medical Insurance Grant until they become fifty- five (55) he/she becomes 55 years of age.

Deferred Retirement. i. a. An employee who, upon separation from the AuthorityAuthority employment, is eligible for paid retirement and elects deferred retirement must defer participation in the Retiree Medical Insurance Grant until such time as they become he/she becomes an active retiree. However.However, in order to be eligible for health care coverage provided by XxxXXXX, retirement must not be deferred for more than one hundred twenty (120) days after the employee separates from Authority Serviceemployment. ii. b. An employee with at least one (1) year of service employment (2,080 hours), who is not eligible for paid retirement at the time they separate he/she separates from Authority service and elects deferred retirement status status, shall not become eligible for participation in the Retiree Medical Insurance Grant until they become fifty- he/she becomes fifty-five (55) years of age.