Health Insurance After Retirement Sample Clauses

Health Insurance After Retirement. All teachers who retire from the Corporation shall have the option of continuing the group health insurance at their own expense until they reach the age of sixty-five years old.
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Health Insurance After Retirement. Any administrator employed by the Naples Central School District after July 1, 2006 must be employed by the district in an administrative capacity for a minimum of 10 years, at the time of their retirement from the district as per TRS requirements, to be eligible for health insurance. Administrators employed by the district prior to July 1, 2006 are eligible for district health insurance upon their retirement from the district as per TRS requirements. At the time of retirement, the district will provide the retiring administrator with a statement indicating the number of unused and accumulated sick leave days in the administrator's account at the time of retirement. Such days shall have a value equal to 1/240th of the then current salary for 12-month employees and 1/220th of the then current salary for 11-month employees at the time of retirement. The district will thereafter pay the full cost of the health insurance program in
Sample 1
Health Insurance After Retirement. After 10 years of employment at the time of retirement, the District will provide the retiring Business Administrator with a statement indicating the number of unused and accumulated sick leave days in the Business Administrator account at the time of retirement. Such days shall have a value equal to 1/240th of the then current salary at the time of retirement. The District will thereafter pay the full cost of the health insurance program in effect for active administrators in the District, except for the cost of dental insurance, family or individual coverage, as the retiree chooses, until exhaustion of the dollar amount of the unused accumulated sick leave at the time of retirement, after which time the District will provide fifty percent (50%) of the premium for individual coverage, except for dental coverage, for the retired Business Administrator for life. The retired Business Administrator has the option of applying the dollar amount equivalent to 50% of individual coverage to offset family coverage at his/her option. If the retired Business Administrator predeceases his/her spouse, the surviving spouse will be entitled to continue under the District health plan by paying 100% of the premium for individual coverage. The retired Business Administrator and spouse will be eligible for the least costly of either the 5-15-30 co-pay prescription drug rider or the drug rider in effect for active administrators in the District. If the Business Administrator becomes permanently and completely disabled (subject to verification by the District's appointed medical personnel) she may participate, in the then-existing health insurance plan to the extent allowed by law and then current carrier policy and contract upon payment by the Business Administrator of any and all costs of such participation.
Sample 1
Health Insurance After Retirement a) Teachers covered under the HTA contract who retire on or after July 1, 2008 and immediately start collecting a New York State Retirement allowance shall be entitled to have the District contribute to the monthly cost of health insurance according to the following schedule of years of consecutive employment with the District: Twenty-five(25) years or more Seventy-five percent(75%) Twenty(20) years but less than twenty-five(25) years Seventy percent(70%) b) Teachers covered by this Agreement who are employed prior to July 1, 1997 who retire from the District and immediately start collecting a New York State Retirement allowance shall be entitled to have the District contribute to the monthly cost of health insurance according to the following schedule of years of consecutive employment with the District: Twenty-five(25) years or more Seventy percent(70%) Twenty(20) years but less than twenty-five(25) years Sixty-five percent(65%) Fifteen(15) years but less that twenty(20) years Sixty Percent(60%)
Sample 1
Health Insurance After Retirement. The District will contribute toward payment of the Superintendent’s health insurance premiums as indicated below for single or family coverage, as the case may be, under the same or similar plans as in effect during his employment following his retirement from employment hereunder. To qualify for this benefit, the Superintendent must provide at least ninety (90) days advance notice to the Board that he will retire from his employment hereunder, pursuant to the rules of the New York State Teachers’ Retirement System. Upon reaching the age of Medicare eligibilty, Medicare will become the Superintendent’s primary health insurance coverage for purposes of this provision, and any coverage hereunder provided by the District shall be considered supplementary. The District will contribute the following percentages of the premium cost as indicated by the date which the Superintendent retires:
Sample 1
Health Insurance After Retirement. Employees in this representation unit with 15 years of service and a PERS retirement from the City shall be eligible for paid medical benefits for themselves and their spouse after retirement. Eligible employees can choose from the Health Plans covered in Section 12. The maximum City contribution will be no more than the Kaiser employee + 1 rate. An employee who meets the above criteria shall qualify for medical coverage for the remainder of his/her life and that of his/her spouse. Retired employees, who move outside a Kaiser or Health Net area, will be compensated by the City for medical benefits for themselves and their spouse not to exceed the Kaiser employee + 1 rate. Compensation will be made quarterly upon proof of coverage and premium payment. Employees hired on or after May 6, 2013 shall be provided this benefit for the employee only, after 20 years of service with a maximum City contribution of two-thirds (2/3) of the Kaiser single premium. Employees hired by the City on or after January 1, 2017, are not eligible for this benefit.
Sample 1

Related to Health Insurance After Retirement

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 12 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 12 months after the date of Executive’s separation from service.

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • 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.

  • Severance and Retirement Options (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. (ii) Where an employee resigns later than 30 days after receiving notice 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 four (4) weeks' salary, 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 one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • Health Insurance The Couple agrees that: (check one)

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

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