Common use of Defined Benefit Retiree Medical Program Clause in Contracts

Defined Benefit Retiree Medical Program. a) VTA shall provide a premium allowance toward the cost of the medical plan for employees who become eligible by having 1) completed 5 years of service (1,305 days of accrued service) or more with PERS and who 2) retire directly from VTA (date of retirement must be within 120 days of separation of employment).

Defined Benefit Retiree Medical Program. a) VTA shall provide a premium allowance toward the cost of the medical plan for employees workers who become eligible by having 1) have completed 5 years of service (1,305 1305 days of accrued service) or more with PERS VTA and who 2) retire directly from VTA (date of retirement must be within 120 days of separation of employment)VTA.