Defined Contribution Plan Participants. a. Employees participating in the Defined Contribution Plan on or prior to June 30, 2004 will be eligible for retiree health insurance if, at the time of retirement, the employee has reached age 55 and has fifteen (15) years of service with the Town. b. Employees entering the Plan on or after July 1, 2004 must meet the requirements for the Rule of 80 with at least fifteen (15) years of Town service, or be age 62 with at least twenty-five (25) years of Town service.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
