Health Insurance into Retirement Sample Clauses

Health Insurance into Retirement. The District will establish a health insurance fund for employees who retire from the Starpoint Central School District and the NYS Employees Retirement System. The sum of money placed into the account shall be determined by the following:
Sample 1
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Health Insurance into Retirement is modified as follows:
Sample 1
Health Insurance into Retirement a. The District will contribute to the Executive Director of Human Resources’ health insurance premiums as indicated below for single or family coverage, as the case may be, under one of the District’s available health insurance plans following retirement from employment hereunder. To qualify for this benefit, the Executive Director of Human Resources must provide at least one hundred eighty (180) days’ advance notice to the Board of Education, indicating they will retire from employment hereunder pursuant to the rules and regulations of the New York State Employees’ Retirement System. Upon reaching the age of sixty-five (65), Medicare will become the Executive Director of Human Resources’ primary health insurance coverage for the purposes of this provision, and any coverage hereunder provided by the District shall be considered supplementary. The Executive Director of Human Resources may purchase dental insurance through the District following retirement, but will not be eligible for any District-paid dental insurance. Any benefit provided hereunder will terminate upon the Executive Director of Human Resources’ death. The District’s amount of contribution shall be 90% of the cost of the Independent Health Encompass C or comparable plan designated by the District in effect at the time of the Executive Director of Human Resources’ retirement from the District. That contribution shall continue for a period of five (5) years.
Sample 1
Health Insurance into Retirement a. The District will contribute to the Assistant Superintendent’s health insurance premiums as indicated below for single or family coverage, as the case may be, under one of the district’s available health insurance plans following their retirement from employment hereunder. To qualify for this benefit, the Assistant Superintendent must provide at least one hundred twenty (120) days’ advance notice to the Board that they will retire from employment hereunder, pursuant to the rules of the New York State Teacher Retirement System. Upon reaching the age of sixty-five (65), Medicare will become the Assistant Superintendent’s primary health insurance coverage for the purposes of this provision, and any coverage hereunder provided by the District shall be considered supplementary. The Assistant Superintendent may purchase dental insurance through the District following their retirement, but not be eligible for any District-paid dental insurance. Any benefit provided hereunder will terminate upon the Assistant Superintendent’s death. The District’s amount of contribution shall be 90% of the cost of the Independent Health Encompass C or comparable plan designated by the District in effect at the time of the Assistant Superintendent’s retirement from the District. The contribution shall continue for a period of five (5) years.
Sample 1

Related to Health Insurance into Retirement

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • 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.

  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • 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:

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