Insurance Coverage for Retirees Sample Clauses

Insurance Coverage for Retirees. Subd. 1. The School District agrees to provide insurance benefits to teachers who have been employed by regular contract and performed services under that contract prior to July 1, 1986, according to Article VIII (Insurance), Section 1 (Health Insurance), 2 (Dental Insurance), 3 (Dependent Benefit Coordination), and 5 (Life Insurance), including any amendments thereto, and subject to Subd. 2, 3, 4, and 5 following to teachers who retire under the provisions of the opening paragraph of Section 2 (Plan One) of this Article. Such benefits shall commence in accordance with TRA eligibility and shall continue for 13 years for employees retiring on or after July 1, 1991. Teachers who take a Five Year Leave of Absence under Article IX (Leaves of Absence), Section 13, (Five Year Leaves of Absence) and who wish to retire while on leave will be eligible for severance pay, but time spent on the Five Year Leave of Absence will be subtracted from the teacher’s thirteen years of coverage under Article VII, Section 3, Subd. 1. Those returning from such leave who are working less than a full school year preceding retirement, will also have time spent on the Five Year Leave of absence subtracted from their thirteen years of coverage under Article VII, Section 3, Subd. 1
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Insurance Coverage for Retirees. Subd. 1. The School Board agrees to provide benefits according to Article IX, Section 1, 2, and 6 including any amendments thereto and subject to Subd. 2, 3, and 4 following to principals who retire during the year in which they become 55 or any year thereafter until they have received such benefits for a period not to exceed 5 years. For principals hired effective July 1, 2018 or after, eligibility for retiree insurance includes ten (10) years of continuous service with the school district.
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Insurance Coverage for Retirees. Retirees may continue in the medical/dental group at a paid rate of up to 102% of the premium until they reach Medicare age.
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Insurance Coverage for Retirees. Any retired teacher of MSD of Xxxxx Township may elect to continue the District approved health insurance plan enrolled in at the time of retirement and to include family members covered at the time of retirement to the extent specified by state statute by paying the total premium.
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Insurance Coverage for Retirees. The provisions of this Article are only applicable to unit members employed on the June 30, 1988 payroll. A unit member, having served fifteen (15) years with the Office, shall continue to have her/his health and dental benefits paid by the Office at the same rate, fully paid or pro-rated as the unit member received before retiring if the unit member retired on or before June 30, 1993. There shall be no gap between separation from service and retirement. The unit member must separate from service (i.e. resign or otherwise conclude their employment and concurrently therewith retire and enter the State Teachers Retirement System). Such benefits will continue until the demise of the insured retiree, at which time the surviving spouse may continue with any medical insurance program at no cost to the Office by paying all premiums to the County Office of Education. If the Office’s policy is changed or discontinued, personnel on retirement status shall continue to receive the benefits granted at the time of retirement. Effective July 1, 1993, retirees who qualify under this Article are eligible to continued medical and dental coverage as hereinafter provided: The Office shall continue to pay premiums for medical and dental insurance coverages to the established cap at the time of retirement for medical and dental. Employees who qualify for such coverage and who desire such coverage, shall pay in advance all sums in excess of the Office’s contribution for the premiums, in the manner required by the Office.
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Insurance Coverage for Retirees. Employees who elect to retire following the age of fifty-five (55), but before turning sixty-five (65) years of age, and who have a cumulative fifteen (15) years of service with the District, may apply for a District-paid medical program, which shall be in accordance with the following conditions and limitations. 10.12.1 District paid coverage shall be under the current HMO plan(s) provided by the District for its eligible employees. 10.12.2 District will pay the applicable premium for the eligible retiring employee. The retiring employee will need to pay the yearly negotiated contribution expense or any re-negotiated contribution expense to participate in a HMO plan offered by the District, until retiree becomes Medicare eligible. The retiree may purchase HMO coverage for his/her spouse/domestic partner, subject to payment no later than the first day of each month or coverage may be terminated seven (7) calendar days thereafter. The retiree is responsible for paying the entire cost of the District negotiated monthly premium for his/her spouse/domestic partner to participate in the selected HMO. 10.12.3 The right of retiring employees to take advantage of the program shall exist only when the total number of retirees enrolled in the program does not exceed thirteen percent (13%) of those unit employees who are eligible for District paid benefits under this Article. 10.12.4 Retirees under this program who would otherwise not be able to take advantage of it because the District HMO carrier(s) do not provide service at his/her domicile may elect to receive the equivalent dollar amount for payment by him/her for equivalent insurance benefits. 10.12.5 If acceptable to the carrier and within the limits of the carrier's rules, XxxXXXX retirees who are not eligible for Early Retirement specified in Section 10.12, and who have not reached the age of sixty-five (65), shall be allowed a one-time opportunity to buy into District benefit programs in which they are participating at the time of retirement, for themselves and spouse/domestic partner only, until reaching the age of sixty-five (65). Such coverage is subjection to the following terms and conditions: 10.12.6 To maintain coverage, the District must receive premium payments in accord with Section 10.12.2. 10.12.7 If coverage is dropped by the District due to non-payment or untimely payment of premiums as provided for in Section 10.12.2, or as a result of the retiree’s own choosing, the retiree shall not be allo...
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Insurance Coverage for Retirees. Effective July 1, 1989, if an employee retires and has accumulated ninety (90) unused F.W.D. sick days, the Employer will make a monthly contribution of up to Two Hundred Dollars ($200.00) to Blue Cross-Blue Shield or equivalent, for retiree health care coverage until the retiree reaches the ages of sixty-five (65). Retirees shall be responsible to the health care carrier for any health care cost above the $200.00 monthly Employer contribution. a. The health care plan to be Blue Cross-Blue Shield or equivalent that is available in the current Labor Agreement as it relates to retirees. b. For a retiree to be eligible to receive the above mentioned retiree health care plan, the employee shall have ninety (90) banked, unused F.W.D. sick days. If an employee has less than the required ninety (90) banked sick days, the Employer's monthly contribution shall be reduced as follows: 89 days banked .. Employer contribution will be 89% of $200.00 monthly contribution 88 days banked .. Employer contribution will be 88% of $200.00 monthly contribution 87 days banked .. Employer contribution will be 87% of $200.00 monthly contribution, etc. c. If, during the life of this Labor Agreement, the Employer through labor negotiations grants another City labor represented group a higher monthly contribution, additional retirees health care benefits, or full-paid health care coverage, the Employer will automatically grant that increase to this labor group.
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Insurance Coverage for Retirees. (9/1/1972-1/1/2010): Subd. 1. For full-time teachers hired between September 1, 1972 and January 1, 2010, the school district will contribute the same amount toward health insurance provided in the collective bargaining agreement effective at the time of that teacher’s retirement, who has completed at least ten (10) full-time years of continuous service with the school district (not including enrichment leave or unrequested leave of absence), or twenty (20) cumulative full-time years of service retiring at age fifty-five (55) or thereafter until such teacher attains eligibility for Medicare or dies prior thereto. Teachers employed less than full time, but at least one-half time, shall be allowed to participate on a pro rata basis. Subd. 2. If a retiree obtains employment with an employer other than the school district and such retiree is covered by a group-medical-hospital insurance plan or HMO, such coverage shall be considered primary. Subd. 3. If a retiree is entitled or would be entitled if enrolled, to have any part of the cost of eligible services or supplies paid by Medicare Parts A or B even though the retiree does not enroll in Medicare or waives or fails to claim medical benefits, the district’s insurance carrier will reduce the amount furnished under this Contract so that the total amount paid under this Contract and Medicare or what could be paid under Medicare does not exceed the total charges for covered benefits.
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Insurance Coverage for Retirees. Subd. 1. The School Board agrees to provide benefits according to Article IX, Section 1, 2, and 6 including
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Related to Insurance Coverage for Retirees

  • Life Insurance Coverage a. Forty Thousand ($40,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b. Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c. The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.

  • 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.

  • Insurance Coverages (a) Borrower will maintain such insurance coverages and endorsements in form and substance and in amounts as Lender may require in its sole discretion, from time to time except to the extent such coverages and endorsements are not reasonably commercially available and further provided such coverages and endorsements are not more onerous to Borrower than the types and amounts Lender requires for other properties that are similar in type or location as the Property. Until Lender notifies Borrower of changes in Lender’s requirements, Borrower will maintain not less than the insurance coverages and endorsements Lender required for closing of the Loan except to the extent such coverages and endorsements are not commercially available and are more onerous to Borrower than the types and amounts Lender requires for other properties that are similar in type or location as the Property. (b) The insurance, including renewals, required under this Section will be issued on valid and enforceable policies and endorsements satisfactory to Lender (the "Policies"). Each Policy will contain a standard waiver of subrogation and a replacement cost endorsement and will provide that Lender will receive not less than 30 days’ prior written notice of any cancellation, termination or non-renewal of a Policy or any material change other than an increase in coverage and that Lender will be named under a standard mortgage endorsement as loss payee. (c) The insurance companies issuing the Policies (the "Insurers") must be authorized to do business in the State or Commonwealth where the Property is located, must have been in business for at least 5 years, must carry an A.M. Best Company, Inc. policy holder rating of A-or better and an A.M. Best Company, Inc. financial category rating of (i) Class X or better for all primary liability coverage and the first 80% of liability coverage and (ii) Class VIII or better for all secondary and remaining liability coverage and must be otherwise satisfactory to Lender. Lender may select an alternative credit rating agency and may impose different credit rating standards for the Insurers. Notwithstanding Xxxxxx’s right to approve the Insurers and to establish credit rating standards for the Insurers, Lender will not be responsible for the solvency of any Insurer. (d) Notwithstanding Xxxxxx’s rights under this Article, Xxxxxx will not be liable for any loss, damage or injury resulting from the inadequacy or lack of any insurance coverage. (e) Borrower will comply with the provisions of the Policies and with the requirements, notices and demands imposed by the Insurers and applicable to Borrower or the Property. (f) Borrower will pay the Insurance Premiums for each Policy not less than 30 days before the expiration date of the Policy being replaced or renewed and will deliver to Lender an original or, if a blanket policy, a certified copy of each Policy marked "Paid" not less than 15 days prior to the expiration date of the Policy being replaced or renewed. Borrower shall have the right to pay Insurance Premiums pursuant to an arrangement with one or more finance companies for the financing of certain blanket insurance policies maintained by Borrower under a Property Insurance Sharing Agreement among Borrower and certain of its affiliates (a "Blanket Insurance Premium Financing Arrangement"). Pursuant to such an arrangement Borrower will pay to such finance companies Borrower’s allocable share of the annual initial deposit for the applicable Insurance Premiums (the "Deposit") and Borrower’s allocable share of ten (10) regular monthly payments (the "Regular Payments") due for each blanket policy. The term "Financing Installment" as used herein means 1/12th of the aggregate of the Deposit and the Regular Payments for each annual period, as such amounts may be adjusted as hereafter set forth. Not less than twenty (20) days prior to each renewal date of each blanket policy, Borrower will provide Beneficiary in writing the estimated premium for such blanket policy for the following renewal period, and not less than ten (10) days after the renewal date, Borrower will provide Beneficiary in writing the actual amount of such premium. Borrower will also notify Beneficiary in writing within ten (10) days after any change in the amounts allocated to the Property under the Blanket Insurance Premium Financing Arrangement or any other change in premiums or amounts due from Borrower under the Blanket Insurance Premium Financing Arrangement. Thereafter, the "Financing Installment" shall be adjusted as reasonably determined by Beneficiary. In the event of any material change in the Blanket Insurance Premium Financing Arrangement, the foregoing provisions shall be modified as reasonably determined by Beneficiary in order to carry out the intent and purposes thereof.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below. The specifications for all reinsurance under this Agreement are provided in Schedule A. A. Requirements for Automatic Reinsurance For risks which meet the requirements for automatic reinsurance as set forth below, Reinsurer will participate in a reinsurance Pool whereby Reinsurer will automatically reinsure a portion of the insurance risks as indicated in Schedule A. The requirements for automatic reinsurance are as follows: 1. The individual risk must be a resident of the United States or Canada at the time of application. 2. The individual risk must be underwritten according to the Ceding Company's standard underwriting practices and guidelines. This individual risk will be determined to be a true Table 1,2,3 or 4 based on the Ceding Company's normal underwriting guidelines and will be issued as a Standard Risk. 3. Any risk offered on a facultative basis by the Ceding Company to the Reinsurer or any other company will not qualify for automatic reinsurance under this Agreement for the same risk and same life. 4. The minimum issue age on any risk will be age 5 and the maximum issue age on any risk will be age 75. B. Basis of Reinsurance Reinsurance under this Agreement will be on the basis as stated in Schedule B. C. Policy Forms When requested, the Ceding Company will furnish the Reinsurer with a copy of each policy, rider, rate book, and applicable sales or marketing material that applies to the life insurance reinsured hereunder.

  • Insurance Cover Without prejudice to the provisions contained in Clause 26.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) Comprehensive third party liability insurance including injury to or death of personnel of the Authority or others caused by the Project; (c) The Concessionaire’s general liability arising out of the Concession; (d) Liability to third parties for goods or property damage; (e) Workmen’s compensation insurance; and (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items(a) to (e) above.

  • Required Insurance Coverage As a condition of this Contract with DIR, Vendor shall provide the listed insurance coverage within 5 business days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers. In addition, when engaged by a Customer to provide services on Customer premises, the Vendor shall, at its own expense, secure and maintain the insurance coverage specified herein, and shall provide proof of such insurance coverage to the related Customer within five (5) business days following the execution of the Purchase Order. Vendor may not begin performance under the Contract and/or a Purchase Order until such proof of insurance coverage is provided to, and approved by, DIR and the Customer. All required insurance must be issued by companies that have an A rating and a Financial Size Category Class of VII from A.M. Best, and are licensed in the State of Texas and authorized to provide the corresponding coverage. The Customer and DIR will be named as Additional Insureds on all required coverage. Required coverage must remain in effect through the term of the Contract and each Purchase Order issued to Vendor there under. The minimum acceptable insurance provisions are as follows:

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

  • Dental Coverage Each employee covered by this agreement shall be eligible to participate in the City's dental program.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of

  • 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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