Employee Monthly Premium Cost for Age Pre-65/Pre-Medicare Eligible Retirees Sample Clauses

Employee Monthly Premium Cost for Age Pre-65/Pre-Medicare Eligible Retirees. The Company will pay 50% of the monthly premium cost for single, double or family coverage, as appropriate, in the Traditional Blue POS 298 (POS 205)or a Replacement Plan selected under G, for Age Pre-65 retirees. Retirees may elect Traditional Blue PPO 812 coverage; however, the dollar amount paid by the Company toward such coverage will be no greater than the dollar amount paid by the Company toward the appropriate coverage under the Core Plan or a Replacement Plan.
Sample 1
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Related to Employee Monthly Premium Cost for Age Pre-65/Pre-Medicare Eligible Retirees

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  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

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