Common use of HEALTH INSURANCE COVERAGE UPON RETIREMENT Clause in Contracts

HEALTH INSURANCE COVERAGE UPON RETIREMENT. (a) (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.

Appears in 3 contracts

Samples: Agreement, ecommons.cornell.edu, Agreement

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HEALTH INSURANCE COVERAGE UPON RETIREMENT. (a) (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.

Appears in 2 contracts

Samples: ecommons.cornell.edu, www.suny.edu

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HEALTH INSURANCE COVERAGE UPON RETIREMENT. (a) (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 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.

Appears in 1 contract

Samples: ecommons.cornell.edu

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