HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES Sample Clauses

HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES. 1. A retiring unit member who has attained the age of 55 but is not eligible for the benefits contained in Section 2 below, shall be allowed to continue his/her participation and the participation of his/her spouse, if any, in the insurance programs following retirement at the rates set by and subject to the approval of the insurance carrier. The unit member shall pay the full cost for such coverage on a month-to-month basis. The enrollment periods, rate and conditions for such continued coverage shall be consistent with Education Code § 7000 through 7008. 2. Any retiring bargaining unit member who has attained the age 55 on or before the date of retirement and who has completed a minimum of 15 years of certificated service as an employee of the District in a position both compensated on a District-adopted salary schedule and covered by the District’s health and welfare benefits, including those MVS teachers receiving health and welfare benefits in accordance with paragraph A.5 above, but excluding all other hourly certificated employees, shall be entitled upon written request to a maximum of nine (9) years of benefits as described below: a. The same health and welfare benefits provided to current bargaining unit members up to a maximum period of five (5) years from the date of retirement or until the retired unit member reaches the age of Medicare eligibility [i.e. age 65], whichever occurs first. b. In conjunction with the retiree benefits specified in subsection above, the District shall contribute a maximum of $225.00 per month toward the cost of a Medicare supplemental insurance policy as specified by the plan provider for retirees who are Medicare eligible [i.e. 65 years of age or older] as long as no unit member receives more than 9 total years of retiree benefits as specified in a. above and this subsection b. c. If the health insurance claims paid for all District retirees and their dependents exceed 5% of the total claims for all district employees in any year (October through September) the District agrees to negotiate this matter with KCTA before assessing any retiree a monthly fee determined by the Governing Board.
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HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES. 12.2.1. A retiring unit member who has attained the age of 55 but is not eligible for the benefits contained in Subsection 12.2.2. (below) shall be allowed to continue his/her participation and the participation of his/her spouse, if any, in the insurance programs following retirement at the rates set by and subject to the approval of the insurance carrier. The unit member shall pay the full cost for such coverage on a month-to-month basis. The enrollment periods, rate and conditions for such continued coverage shall be consistent with Education Code § 7000 through 7008. 12.2.2. Any retiring bargaining unit member who has attained the age 55 on or before the date of retirement and who has completed a minimum of 15 years of certificated service as an employee of the District in a position both compensated on a District-adopted salary schedule and covered by the District’s health and welfare benefits, including those MVS teachers receiving health and welfare benefits in accordance with Subsection 12.1.5. (above) but excluding all other hourly certificated employees, shall be entitled upon written request to a maximum of nine (9) years of benefits as described below: A. The same health and welfare benefits provided to current bargaining unit members up to a maximum period of five (5) years from the date of retirement or until the retired unit member reaches the age of Medicare eligibility [i.e. age 65], whichever occurs first. B. In conjunction with the retiree benefits specified in Subsection
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HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES. 10.4.1 Eligible retired employees may, at their own expense, enroll in the medical, dental, and vision programs which are available to active employees. The programs which are available may change from time to time. Enrollment in such plans shall be subject to the terms and conditions described in this policy. 10.4.2 An eligible retired employee (“retiree”) is one who has rendered at least 18 years of continuous service. 10.4.3 Enrollment in any of these plans shall be subject to the approval of the carrier or carriers. 10.4.4 Coverage under these plans shall be for (a) the retiree, or (b) the retiree and spouse or other dependent. In the event of the retiree’s death, the surviving spouse or other dependent may continue coverage at his or her expense in accordance with applicable COBRA requirements. 10.4.5 The retiree’s application for participation in this plan shall be made prior to the effective date of retirement or within thirty (30) days after the effective date of retirement. A retiree must complete a re-registration each year during the month of July in order to remain eligible for continued enrollment in this plan. Registration may be by mail or in person and shall be submitted to the District Office of the Johnstonville Elementary School District.
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HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES. 20.3.1 Unit members who, as of June 30, 1993, were eligible under the 1992-95 contract to receive deferred compensation payments after retirement and who retire from the Ventura Unified School District under PERS will receive deferred compensation at $1,500 for each year of service, plus one, not to exceed 30 years based upon the unit member's years of service and their benefits level as of June 30, 1993. The deferred compensation amount will be paid annually over a 5-year period, according to Appendix F, upon the unit member's retirement from the Ventura Unified School District. Any unpaid installments of the deferred compensation plan shall be paid to the unit member's beneficiary in the event of the death of the unit member. 20.3.2 Eligible unit members are unit members who qualified for benefits as of June 30, 1993. Disability retirement under PERS, after at least five (5) years service credit in the District, will be treated as regular service retirement.
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HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES. 10.4.1 Eligible retired employees may, at their own expense, enroll in the medical, dental, and vision programs which are available to active employees. The programs which are available may change from time to time. Enrollment in such plans shall be subject to the Johnstonville\CSEA NEG\CBA September 10, 2020November 9, 2021April 21, 2022 18 years of terms and conditions described in this policy. 10.4.2 An eligible retired employee (“retiree”) is one who has rendered at least continuous service. 10.4.3 Enrollment in any of these plans shall be subject to the approval of the carrier or carriers. 10.4.4 Coverage under these plans shall be for (a) the retiree, or (b) the retiree and spouse or other dependent. In the event of the retiree’s death, the surviving spouse or other dependent may continue coverage at his or her expense in accordance with applicable COBRA requirements. 10.4.5 The retiree’s application for participation in this plan shall be made prior to the effective date of retirement or within thirty (30) days after the effective date of retirement. A retiree must complete a re-registration each year during the month of July in order to remain eligible for continued enrollment in this plan. Registration may be by mail or in person and shall be submitted to the District Office of the Johnstonville Elementary School District.
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Related to HEALTH AND WELFARE BENEFITS FOR RETIRED EMPLOYEES

  • Retired Employees An employee who retires from University service, at age 55 with five (5) years of service, age 50 with fifteen (15) years of service or at any age with thirty (30) years of service, who is eligible to maintain participation in the UPlan, may indefinitely maintain medical and dental coverage with the University at his/her own expense. Medicare coverage is primary for retirees over 65, and for totally disabled employees who qualify for Medicare, and must coordinate with the UPlan Retiree Medical plan options. If retired or totally disabled employees elect not to continue coverage in the UPlan at the time they leave employment, they may not elect to do so at a later date. (see also Section 5E.)

  • Health and Welfare Benefit Plans During the Employment Period, Executive and Executive’s immediate family shall be entitled to participate in such health and welfare benefit plans as the Employer shall maintain from time to time for the benefit of senior executive officers of the Employer and their families, on the terms and subject to the conditions set forth in such plan. Nothing in this Section shall limit the Employer’s right to change or modify or terminate any benefit plan or program as it sees fit from time to time in the normal course of business so long as it does so for all senior executives of the Employer.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of leave.

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • Health and Welfare Benefits applies to full-time nurses only)

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

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