Early Retirement Benefits – Full Time Employees Only Sample Clauses

Early Retirement Benefits – Full Time Employees Only. In the case of retirement due to total and permanent disability not covered by the Workplace Safety Insurance, after a minimum of twenty (20) years’ service with the County and after the age of fifty-five (55) years, the County agrees to pay one hundred percent (100%) of the premiums for Extended Healthcare Plan and Dental Plan until the employee reaches sixty-five (65) years of age.
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Early Retirement Benefits – Full Time Employees Only. (i) In the case of retirement due to total and permanent disability not covered by the Workplace Safety Insurance, after a minimum of twenty (20) years’ service with the County and after the age of fifty-five (55) years, the County agrees to pay one hundred percent (100%) of the premiums for Extended Healthcare Plan and Dental Plan until the employee reaches sixty-five (65) years of age. (ii) This Article 30.1(e)(ii) applies to all employees who are employed by the County as of April 22, 2002, being the date of ratification of this agreement. In the case of retirement prior to age sixty-five (65) if the employee is fifty-five (55) years of age or older, and is eligible for an unreduced pension under the OMERS Pension Plan, the County agrees to pay 100% of the premiums for the Extended Health Care Plan, Dental and Group Life Insurance until the employee reaches age sixty-five (65). Should the employee die prior to age sixty-five (65) and while in receipt of these health benefits, the employee’s spouse will receive such benefits until the date at which the employee would have been sixty-five (65) years of age or until remarriage of the spouse whichever is sooner. (iii) This Article 30.1(e)(iii) applies to all employees who are hired by the County after April 22, 2002, being the date of ratification of this agreement. In the case of retirement prior to age sixty-five (65) if the employee is fifty-five (55) years of age or older, has been an active employee for at least twenty (20) years with Haldimand County and is eligible for an unreduced pension under the OMERS Pension Plan, the County agrees to pay 100% of the premiums for the Extended Health Care Plan, Dental and Group Life Insurance until the employee reaches age sixty-five (65). Should the employee die prior to age sixty-five (65) and while in receipt of these health benefits, the employee’s spouse will receive such benefits until the date at which the employee would have been sixty-five (65) years of age or until remarriage of the spouse whichever is sooner. (iv) Life insurance coverage shall not accrue to the spouse upon the death of the member. (v) For the purpose of this sub-Article (e), service in the County includes service in the former City of Nanticoke, the former Town of Haldimand, the former Town of Dunnville and / or the former Regional Municipality of Haldimand-Norfolk. (vi) The coverage provided by payment of the premiums pursuant to this Article 30.1(e) shall be in accordance with the sa...
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Early Retirement Benefits – Full Time Employees Only. (i) In the case of retirement due to total and permanent disability not covered by the Workplace Safety Insurance, after a minimum of twenty
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Related to Early Retirement Benefits – Full Time Employees Only

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Overtime-Eligible Employees Employees who are covered by the overtime provisions of state and federal law.

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

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