Eligible Retirees Clause Samples
The 'Eligible Retirees' clause defines which employees qualify as retirees under the terms of an agreement or policy. Typically, it sets out specific criteria such as minimum age, years of service, or employment status that must be met for an individual to be considered an eligible retiree. For example, the clause may require an employee to be at least 55 years old with 10 years of continuous service to qualify. Its core function is to clearly establish who is entitled to retirement-related benefits, thereby preventing ambiguity and disputes regarding eligibility.
Eligible Retirees. The City has implemented the unequal employer contribution method for the City’s contribution to medical benefits for eligible City retirees pursuant to California Government Code section 22892. Under this method, the City’s contribution for each eligible retiree will increase annually by no less than 5% of the monthly employer contribution for active employees, until the employer contribution for retirees equals the employer contribution paid for active employees. For calendar year 2021, the City’s contribution to medical benefits for eligible City retirees is $143.
Eligible Retirees. For the duration of this Agreement, a unit member who retires from the District between the age of 55 and 64 and has 15 full time equivalent years of paid service with the District shall be provided an annual contribution equivalent to the amount provided to active unit members as described in B-1.2.
Eligible Retirees. The City has implemented the unequal employer contribution method for the City’s contribution to medical benefits for eligible City retirees pursuant to Government Code section 22892. Under this method, the City’s contribution for each eligible retiree will increase annually by no less than 5% of the monthly employer contribution for employees, until the employer contribution for retirees equals the employer contribution paid for active employees.
Eligible Retirees. The following sections are for unit members that have retired from a 50% or 48 more FTE position. 49
Eligible Retirees. The District will pay the health care premiums for eligible retirees and their eligible dependents pursuant to the Public Employees’ Medical and Hospital Care Act (PEMHCA) and in the amounts required by California Government Code §22892(b). The District obligation for existing retirees and retirement medical benefit of existing employees who later retire and are entitled to retirement health benefits under PEMHCA rules shall be set at a fixed dollar amount equal to 90% of the 2020 Kaiser Northern California rate or $125 per retiree per month, whichever is greater. The rates paid by the District shall be as follows: Coverage Level 2020 Kaiser Bay Area Monthly Premiums KPOA Member Contribution Effective 1/1/2020 Maximum District Contribution Effective 1/1/2020 Upon achieving Medicare eligibility, the District shall pay 90% of the applicable 2020 Medicare rate at each level of coverage or the employee shall pay $125 per month, whichever leads to a greater retiree contribution. Employees employed on or before January 6, 2020 and retirees who were employed on or before January 6, 2020 , shall have a vested right to a retiree benefit of their choosing at the fixed dollar amount applicable (e.g. Medicare/non-Medicare) to their personal situation, based upon the flat dollar amount (90% of the Kaiser rate) established in 2020. This vesting agreement shall be subject to California law and any applicable PEMHCA rules.
Eligible Retirees. The District shall provide medical, dental and vision benefits to an eligible unit member who retires after ratification of this Agreement. An eligible unit member is one who:
22.3.1.1 Has reached the age of 55.
22.3.1.2 Has rendered at least fifteen (15) consecutive years of service to the District as a certificated employee. Up to five (5) years of credited public school teaching, prior to working for the District, shall be applied toward meeting the requirement of fifteen (15) consecutive years.
22.3.1.3 A unit member who was employed by the District on or after June 30, 1992, shall only be entitled to this benefit if, at the time of retirement, they are on Step 16 or above in Class V. A unit member employed by the District prior to June 30, 1992 shall be entitled to receive this benefit upon meeting the fifteen (15) consecutive years service requirement irrespective of step or column on the salary schedule.
Eligible Retirees. (i) Notwithstanding any provision in this Agreement to the contrary, eligible retirees with a retirement date subsequent to January 1, 2002, who retire prior to reaching age 65, and eligible members of their families, shall be entitled until their demise to benefits provided by Horizon Blue Cross Blue Shield of New Jersey or its equivalent in place of benefits provided under Group 11. Such benefits provided under Group 13 shall mirror the benefits provided in Schedule 1 attached hereto, or their equivalent.
Eligible Retirees. For a Subscriber to be eligible to participate in the Retiree Class, he or she must meet all of the following criteria (those meeting such criteria are herein referred to as “Eligible Retirees”):
(i) he or she must have been Actively at Work with Employer at the time of his or her retirement;
(ii) he or she must not be eligible for Medicare;
(iii) he or she must be either:
(A) at least 55 years of age, with at least 5 years of serving Actively at Work with Employer; or
(B) at least 50 years of age, with at least 10 years of serving Actively at Work with Employer; and
(iv) he or she must meet all of Group’s other eligibility requirements, including those mentioned in paragraph (c) below, as applicable, but excluding the Actively at Work requirement to the extent such requirement has been waived as provided in paragraph 5 of the Rider.
Eligible Retirees. The monthly stipend for Medicare-eligible retirees, their spouses, and surviving spouses will be increased from $120 to $150 per month. (If you and your spouse are both Medicare-eligible, your total stipend would be $300 per month.)