Health and Welfare Benefits upon Retirement Sample Clauses

Health and Welfare Benefits upon Retirement for those hired after April 1, 1986, but before July 1, 2002
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Health and Welfare Benefits upon Retirement. A. If hired before 7/1/07: An employee who retires and who has fifteen (15) years of service in the District of which the last five (5) years were consecutive service and has attained the age of fifty-five (55) year of age shall be eligible to receive employee only coverage under the District paid medical, vision, dental plan coverage in effect for Bargaining Unit employees only at the time of retirement to the time the retired employee becomes eligible for the national and/or state medical program if less than sixty-five (65) years of age. The retired employee between the ages of fifty-five (55) and sixty-five (65) shall be able to obtain medical coverage for all eligible dependents at the cost of the retired employee. This coverage shall be the same coverage in effect for active employees. If hired after 7/1/07 and before 7/1/16: Employees who retire are eligible to receive 50% paid benefits. The retired employee between the ages of fifty-five (55) and sixty-five (65) shall be able to obtain medical coverage for all eligible dependents at the cost of the retired employee. This coverage shall be the same coverage in effect for active employees. Teachers hired on or after July 1, 2016, who retire from the District, are 50 years of age or older, and have a least fifteen (15) years of continuous service with the District prior to retirement, will be allowed to remain in the group for Health and Welfare benefits at the retiree’s expense.
Sample 1Sample 2
Health and Welfare Benefits upon Retirement. An employee who retires and who has fifteen (15) years of service in the district of which the last five (5) years were in consecutive service and has attained fifty-five (55) years of age shall be eligible to receive CVT PPO Plan 4B medical, vision, and dental plan insurance, employee only coverage, paid for by the district in full until becoming eligible for the national and/or state medical program. These retirees may apply the District’s contribution equal to CVT PPO Plan 4B to any of the offered plans or levels or dependent coverage and pay the difference to the District, monthly. The retired employee shall be able to purchase medical coverage, through the District’s provider, for all eligible dependents at their own expense. This coverage shall be the same coverage in effect for active employees each year, and may change as negotiated.
Sample 1
Health and Welfare Benefits upon Retirement. An employee who retires and who has fifteen (15) years of service in the district of which the last five (5) years were in consecutive service and has attained fifty-five (55) years of age shall be eligible to receive employee only coverage at fifty percent (50%) District paid medical, vision, dental plan coverage in effect for Bargaining Unit Employees only at the time of retirement until becoming eligible for the national and/or state medical program if less than sixty-five (65) years of age. The retired employee between the ages of fifty-five (55) and sixty-five (65) shall be able to obtain medical coverage for all eligible dependents at the cost of the retired employee. This coverage shall be the same coverage in effect for active employees each year, and may change yearly or as negotiated.
Sample 1
Health and Welfare Benefits upon Retirement for all Unit Members hired prior to April 1, 1986
Sample 1
Health and Welfare Benefits upon Retirement. A. If hired before 7/1/07: An employee who retires and who has fifteen (15) years of service in the District of which the last five (5) years were consecutive service and has attained the age of fifty-five (55) year of age shall be eligible to receive employee only coverage under the District paid medical, vision, dental plan coverage in effect for Bargaining Unit employees only at the time of retirement to the time the retired employee becomes eligible for the national and/or state medical program if less than sixty-five (65) years of age. The retired employee between the ages of fifty-five (55) and sixty-five (65) shall be able to obtain medical coverage for all eligible dependents at the cost of the retired employee. This coverage shall be the same coverage in effect for active employees. If hired after 7/1/07: Employees who retire are eligible to receive 50% paid benefits. The retired employee between the ages of fifty-five (55) and sixty-five (65) shall be able to obtain medical coverage for all eligible dependents at the cost of the retired employee. This coverage shall be the same coverage in effect for active employees.
Sample 1

Related to Health and Welfare Benefits upon Retirement

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

  • 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.

  • HEALTH & WELFARE BENEFITS Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • WELFARE BENEFITS Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • Long Term Disability Benefits A benefit level of seventy percent (70%) of monthly earnings shall apply. Benefits would commence after a waiting period of seventeen (17) weeks, when Short Term Disability Benefits terminate. Terms of the Master Policy with the Insurance Company shall apply. Statement of Intent In order to go on LTD, the person must:

  • 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.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

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