Early Retirement Medical Contribution Sample Clauses

Early Retirement Medical Contribution. 1. Employees who retire at 5.5 – 8.0
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Early Retirement Medical Contribution. The District agrees to provide medical insurance for each eligible unit member who has been in active employment status for the ten (10) years preceding retirement from the District and either (1) retires at age 55 or older or (2) retires at an earlier age under a Public Employees Retirement System (PERS) medical disability. Such insurance will be provided by a District contribution toward purchase of one of the District medical plans. Such contribution shall be equal to the employee-only premium cost for the Kaiser Plan and shall not include cash back to the employee. Eligible part-time employees shall receive a pro-rated contribution based upon the number of hours of his/her last regular assignment bears to an eight (8) hour day. Such contributions are to cease upon the occurrence, if any, of the following events:
Sample 1

Related to Early Retirement Medical Contribution

  • 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.

  • 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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