Family Coverage in Retirement Sample Clauses

Family Coverage in Retirement. For employees who retire effective on or after January 1, 2013, all County employees will be provided a family health insurance benefit in retirement with contribution amounts as follows: Years Groups Employee Contribution County Contribution 0 to less than 10 years service 20% 80% 10 to less than 15 years service 15% 85% 15 years or more 10% 90% For employees who retire effective on or after January 1, 2014, all County employees will be provided a family health insurance benefit in retirement with contribution amounts as follows: Years Groups Employee Contribution County Contribution 0 to less than 10 years service 21.25% 78.75% 10 to less than 15 years service 16.25% 83.75% 15 years or more 11.25% 88.75% For employees who retire effective on or after January 1, 2015, all County employees will be provided a family health insurance benefit in retirement with contribution amounts as follows: Years Groups Employee Contribution County Contribution 0 to less than 10 years service* 22.5% 77.5% 10 to less than 15 years service* 17.5% 82.5% 15 years or more 12.5% 87.5% For employees who retire effective on or after January 1, 2016, all County employees will be provided a family health insurance benefit in retirement with contribution amounts as follows: Years Groups Employee Contribution County Contribution 0 to less than 10 years service 23.5% 76.5% 10 to less than 15 years service 18.5% 81.5% 15 years or more 13.5% 86.5% For employees who retire effective on or after December 31, 2016, all County employees will be provided a family health insurance benefit in retirement with contribution amounts as follows: Years Groups Employee Contribution County Contribution 0 to less than 10 years service* 35% 65% 10 to less than 15 years service* 35% 65% 15 to less than 20 years service 30% 70% 20 to less than 25 years service 20% 80% 25 or more years of service 15% 85% *Applies to retirees who have met County requirement for years of service in a benefit- eligible position, but who have less than 15 years of continuous service as defined in Article 9, Longevity.
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Related to Family Coverage in Retirement

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Pre-Retirement Counseling Leave ‌ After reaching earliest retirement age, each employee shall be granted up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement counseling programs. Employees shall request the use of leave provided in this Article at least five (5) days prior to the intended date of use. Authorization for use of pre-retirement counseling leave shall not be withheld unless the Appointing Authority determines that the use of such leave will handicap the efficiency of the employee's work unit. When the dates requested for pre-retirement leave cannot be granted for the above reason, the Agency shall offer the employee a choice from three (3) other sets of dates. The leave herein discussed may be used to investigate and assemble the employee's retirement program, including PERS, Social Security, insurance and other retirement income.

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