HEALTH AND RETIREMENT. Reporting Co. Address Account No. Date This sheet is of pages.
HEALTH AND RETIREMENT. A sum equal to fifteen percent (15%) of the gross compensation paid to persons covered by this Agreement shall be paid by Producer to the AFTRA Health and Retirement Funds as established under and pursuant to the provisions of the AFTRA Health and Retirement Funds Agreement and Declaration of trust dated November 16, 1954 (a copy of which has been supplied to Producer) as the same may be amended from time to time, and to the AFTRA Individual Account Plan. The Trustees of the AFTRA Health and Retirement Funds (the “Funds”)shall be authorized to allocate contributions made to the Funds hereunder between the Health Fund and the Retirement Fund in amounts (expressed in dollars or percentages) that they may consider necessary and appropriate; provided that no amount which has already been paid into the Retirement Fund may be subsequently transferred to the Health Plan, except as permitted by law. The Producer understands and acknowledges that the Trustees of the Funds have always had such authority under prior agreements.
HEALTH AND RETIREMENT. Many studies have examined the impact of retirement on subsequent health of retirees (Mein et al., 2003; Xxxxxxx & Xxxxxxxxxx, 1994; Xxxxxxxxxx & Xxxxxxxx, 1991; Szinovacz & Xxxxx, 2004; Xxxxx et al., 1991). According to the human capital model for the demand for health (Xxxxxxxx, 1972), health can be viewed as a durable capital stock, and individuals demand health for its consumptive and investment aspects. Health capital increases utility and reduces work loss due to illness. Based on Xxxxxxxx’x theory, the motive to invest in health to raise productivity and earnings would disappear after retirement, and health is therefore expected to decline. However, as Xxxx, Xxxxxx, and Xxxxxxxxxx (2008) pointed out, the effects of retirement depend not only on the the marginal benefits individuals gain from better health changes but also marginal cost of investing in health capital. Since retirement decreases the marginal value of time for retirees, their time cost for investigating in health care activities (for instance, going to a physician, cooking healthy meals, exercising etc.) post-retirement is also decreased. In this case, health is expected to increase after retirement. Therefore, theoretically the effect of retirement on health is ambiguous. Since the question of whether or not retirement influences the subsequent health of retirees has important public policy implications as well as quality of life implications, empirical studies have provided evidence for the effect of retirement on health. Some early studies in the field suffer the problem of Xxxxxxx (2012) finds that retirement significantly increases the risk of being diagnosed with a chronic condition. Particularly, it raises the risk of developing severe cardiovascular disease and being diagnosed with cancer. Risk factors, such as BMI, cholesterol, blood pressure etc., and problems in physical activities are found to be increased after retirement as well. In addition, the study illustrates that retirement worsens self-rated health outcomes and an underlying health stock. Using the data stem from English Longitudinal Study of Ageing (XXXX), she obtains information on the date of diagnosis and retirement. She observes whether individuals retire before or after a new diagnosis is made and eliminates those who retire right after a new diagnosis. In such a way, individuals retired because of health shocks are excluded from the sample, and the reverse causality, that people retire due to bad health, can...
HEALTH AND RETIREMENT. PROPERTIES TRUST, a real ------- estate investment trust formed under the laws of the State of Maryland (together with its successors and assigns, "HRP" or "Senior Creditor"), and (iii) the --- --------------- corporations listed on the signature pages hereto as "SUBORDINATED CREDITORS" (together with their respective successors and assigns, collectively, the "Subordinated Creditors"). ----------------------
HEALTH AND RETIREMENT. The Company agrees to pay the premium costs for the following benefits (unless otherwise stated) as outlined in the benefit booklets.
