Health Benefit Vesting Sample Clauses

Health Benefit Vesting. A. For State employees hired on or after January 1, 1989, the portion of the employer contribution toward post retirement health benefits will be based on credited years of service at retirement per the following chart entitled "Health Benefits Vesting". The minimum number of years of State service at retirement to establish eligibility for any portion of the employee contribution will be 10 years. This section will apply only to State employees who were under a service retirement:
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Health Benefit Vesting. A. The following vesting schedule shall apply to state employees in Unit 12 first employed by the State on or after January 1, 2011.
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Health Benefit Vesting. A. The following vesting schedule shall apply to state employees in Unit 10 first employed by the State prior to January 1, 2016. Health Benefit Vesting Credited Years of Service (For Employees in state service prior to January 1, 2016) Percent of Employer Contribution 10 50 11 55 12 60 13 65 14 70 15 75 16 80 18 90 19 95 20 or more 100 B. The following vesting schedule shall apply to state employees in Unit 10 first employed by the State on or after January 1, 2016.
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Health Benefit Vesting. A. For State employees hired on or after January 1, 1989, the portion of the employer contribution toward post retirement health benefits will be based on credited years of service at retirement per the following chart entitled "Health Benefits Vesting". The minimum number of years of State service at retirement to establish eligibility for any portion of the employee contribution will be ten (10) years. This section will apply only to State employees who were under a service retirement: Section 22874, notwithstanding sections 22870, 22871, 22873 the following State employees who become State members after January 1, 1989 shall not receive any portion of the employer's contribution payable for annuitants (pursuant to section 22871) unless those employees are credited with ten (10) years of State service as defined by the section, at time of retirement: (1) members who are excluded from the definition of State employee in subdivision (c) of section 3513; (2) members employed by the executive branch of government who are not members of the civil service; and (3) members in State bargaining units for which a memorandum of understanding has been agreed to by the State employer and the recognized employee organization to become subject to this section. The percentage of employer contribution payable for post retirement health benefits for an employee subject to this section is based on the member's completed years of credited State service at retirement as shown in the following table: CREDITED YEARS OF SERVICE PERCENT OF EMPLOYER CONTRIBUTION 10 50 11 55 12 60 13 65 14 70 15 75 16 80 17 85 18 90 19 95 20 or more 100 B. This section shall apply only to State employees who retire for service.
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Health Benefit Vesting. A. For State employees hired on or after January 1, 1989, the portion of the employer contribution toward post retirement health benefits will be based on credited years of service at retirement per the following chart entitled "Health Benefits Vesting". The minimum number of years of State service at retirement to establish eligibility for any portion of the employee contribution will be ten (10) years. This section will apply only to State employees who were under a service retirement: Section 22874, notwithstanding sections 22870, 22871, 22873 the following State employees who become State members after January 1, 1989 shall not receive any portion of the employer's contribution payable for annuitants (pursuant to section 22871) unless those employees are credited with ten (10) years of State service as defined by the section, at time of retirement: (1) members who are excluded from the definition of State employee in subdivision (c) of section 3513; (2) members employed by the executive branch of government who are not members of the civil service; and (3) members in State bargaining units for which a memorandum of understanding has been agreed to by the State employer and the recognized employee organization to become subject to this section. The percentage of employer contribution payable for post retirement health benefits for an employee subject to this section is based on the member's completed years of credited State service at retirement as shown in the following table: 10 CREDITED YEARS OF SERVICE 50 PERCENT OF EMPLOYER CONTRIBUTION 11 CREDITED YEARS OF SERVICE 55 PERCENT OF EMPLOYER CONTRIBUTION 12 CREDITED YEARS OF SERVICE 60 PERCENT OF EMPLOYER CONTRIBUTION 13 CREDITED YEARS OF SERVICE 65 PERCENT OF EMPLOYER CONTRIBUTION 14 CREDITED YEARS OF SERVICE 70 PERCENT OF EMPLOYER CONTRIBUTION 15 CREDITED YEARS OF SERVICE 75 PERCENT OF EMPLOYER CONTRIBUTION 16 CREDITED YEARS OF SERVICE 80 PERCENT OF EMPLOYER CONTRIBUTION 17 CREDITED YEARS OF SERVICE 85 PERCENT OF EMPLOYER CONTRIBUTION 18 CREDITED YEARS OF SERVICE 90 PERCENT OF EMPLOYER CONTRIBUTION 19 CREDITED YEARS OF SERVICE 95 PERCENT OF EMPLOYER CONTRIBUTION 20 or more CREDITED YEARS OF SERVICE 100 PERCENT OF EMPLOYER CONTRIBUTION This section shall apply only to State employees who retire for service. Benefits provided an employee by this section shall be applicable to all future State service. For the purposes of this section, State service shall mean service rendered as an employee or officer ...
Sample 1
Health Benefit Vesting. A. For State employees hired on or after January 1, 1989, the portion of the employer contribution toward post retirement health benefits will be based on credited years of service at retirement per the following chart entitled "Health Benefits Vesting". The minimum number of years of State service at retirement to establish eligibility for any portion of the employee contribution will be ten (10) years. This section will apply only to State employees who were under a service retirement: section 22874 Notwithstanding sections 22870, 22871, 22873 the following State employees who become State members after January 1, 1989 shall not receive any portion of the employer's contribution payable for annuitants (pursuant to section 22871) unless those employees are credited with ten (10) years of State service as defined by the section, at time of retirement: (1) members who are excluded from the definition of State employee in subdivision (c) of section 3513; (2) members employed by the executive branch of government who are not members of the civil
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Related to Health Benefit Vesting

  • 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.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • 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.

  • 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 Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • 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.

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

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