HEALTH INSURANCE COVERAGE UPON RETIREMENT Sample Clauses

HEALTH INSURANCE COVERAGE UPON RETIREMENT. (a) Upon retirement, current College employees shall be eligible for group coverage as noted below. Continuous full time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System: (1) For members hired before January 9, 2012 College Service Employee Share College Share Less than 10 years of service 100% 0% 10 years but less than 15 years 50% 50% 15 years but less than 20 years 25% 75% 20 years or over 0% 100% (2) For employees hired on or after January 9, 2012
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HEALTH INSURANCE COVERAGE UPON RETIREMENT. (1) Upon retirement, current College employees shall be eligible for group coverage as noted below. Continuous full time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System: College Service* Employee Share College Share Less than 10 years of service 100% 0% 10 years but less than 15 years 50% 50% 15 years but less than 20 years 25% 75% 20 years or over 0% 100% The College will, for unit members hired prior to final ratification of this (August 17, 2004), maintain their health insurance plan as provided for in Article 13 that is in effect at the time of their retirement. It is understood that should the health insurance carrier unilaterally eliminate or modify the plan, the College will provide a comparable (meaning as close as possible) plan. * Includes credited service with Niagara County as may be granted by the College at the employee’s date of hire or rehire. (2) Upon retirement, unit members hired after August 17, 2004 shall be eligible for group coverage as noted below. Continuous full-time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System.
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HEALTH INSURANCE COVERAGE UPON RETIREMENT. Employees shall be eligible to continue health insurance in to retirement provided they have met the requirements in Section 10: A, B, C, D, and E below: A. completion of a minimum of ten (10) years* service (Employees hired on or after January 1, 2006 will require ten (10) consecutive years) with Cortland County; B. are employed by Cortland County at the time of retirement; C. are enrolled in the health plan at the time of retirement; effective 1-1-2020 employees must have been enrolled in the health insurance plan at least one (1) year prior to the date of retirement; D. provide the Employer with proof of retirement and otherwise meet the definition of retirement as specified by the NYS Retirement System; and; E. be at least 55 years old or eligible for any County offered voluntary program. The payment of the monthly premium shall be as follows: For employees who were hired between April 1, 1989 and December 8, 2006, the employee shall pay the percentage contribution they were paying at the time of retirement. For employees hired on or after December 9, 2006**: **Effective 1-1-2020 the employees hired on or after 4-1-89: 10 years service but less than 15 years 50% 50% *15 years service but less than 20 years 35% 65% 20 years service or more 20% 80% *All new employees hired on or after January 1, 2011 will be required to serve fifteen (15) years with the County before becoming eligible for retiree health insurance and will contribute thirty-five percent (35%) of the premium with the County contributing sixty-five percent (65%).
Sample 1
HEALTH INSURANCE COVERAGE UPON RETIREMENT. (1) Upon retirement, current College employees shall be eligible for group coverage as noted below. Continuous full time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System: College Service* Employee Share College Share Less than 10 years of service 100% 0% 10 years but less than 15 years 50% 50% 15 years but less than 20 years 25% 75% 20 years or over 0% 100% The College will, for unit members hired prior to final ratification of this agreement (August 17, 2004), maintain their health insurance plan as provided for in Article 13 that is in effect at the time of their retirement. It is understood that should the health insurance carrier unilaterally eliminate or modify the plan, the College will provide a comparable (meaning as close as possible) plan. *Includes credited service with Niagara County as may be granted by the College at the employee’s date of hire or rehire. (2) Upon retirement, unit members hired after final ratification of this contract (August 17, 2004) shall be eligible for group coverage as noted below for health plans in accordance with Article 13. Continuous full- time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System. College Service Employee Share College Share Less than 15 years 100% 0% 15 years but < 20 years 75% 25% 20 years but < 25 years 50% 50% 25 years but < 35 years 25% 75% 35 years or over 0% 100% (b) Retiree health insurance coverage for employees hired after August 17, 2004, shall be based on the current health insurance program covering active College employees. (c) Retirees 65 years of age or older must utilize coverage under Medicare in conjunction with the College's plan.
Sample 1
HEALTH INSURANCE COVERAGE UPON RETIREMENT. (1) Upon retirement, current College employees shall be eligible for group coverage as noted below. Continuous full time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System: Employee College Less than 10 years of service 100% 0% 10 years but less than 15 years 50% 50% 15 years but less than 20 years 25% 75% 20 years or over 0% 100% The College will, for unit members hired prior to final ratification of this (August 17, 2004), maintain their health insurance plan as provided for in Article 13 that is in effect at the time of their retirement. It is understood that should the health insurance carrier unilaterally eliminate or modify the plan, the College will provide a comparable (meaning as close as possible) plan. * Includes credited service with Niagara County as may be granted by the College at the employee’s date of hire or rehire. (2) Upon retirement, unit members hired after August 17, 2004 shall be eligible for group coverage as noted below. Continuous full-time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System.
Sample 1
HEALTH INSURANCE COVERAGE UPON RETIREMENT. (a) Upon retirement, current College employees shall be eligible for group coverage as noted below. Continuous full time College service is required. Retirement shall be defined as retirement under the New York State Employees Retirement System: Employee College College Service0 Share Share Less than 10 years of service 100% 0% 10 years but less than 15 years 50% 50% 15 years but less than 20 years 25% 75% 20 years or over 0% 100% (b) Health insurance coverage effective for employees retiring on or after September 1, 1991, shall be based on the current health insurance program covering active College employees. (c) Retirees 65 years of age or older must utilize coverage under Medicare in conjunction with the College's plan.
Sample 1

Related to HEALTH INSURANCE COVERAGE UPON RETIREMENT

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  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

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  • 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.

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