LIFE INSURANCE AT RETIREMENT. Commencing July 1st, 1976, and upon retirement with a City pension, each employee shall be entitled to group life insurance valued at $2,500. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. Effective with retirements on or after July 1, 1995, the retiring employee shall be entitled to group life insurance valued at $10,000. No retiree life insurance will be provided for employees hired from outside the City’s workforce on or after July 1, 2011.
LIFE INSURANCE AT RETIREMENT. Life Insurance (2 times the annual basic earnings of the Employee at the time of retirement rounded to the nearest one thousand dollars). Upon reaching the age of 65, the City (HSR) will maintain a $5,000 death benefit for those Employees who were eligible for this benefit prior to the ratification of this agreement. APPENDIX "B" – SHORT TERM DISABILITY CLAIM FORM The City Of Xxxxxxxx ATU Claim Form-Income Protection Benefit (Short Term Disability and Functional Form) Instructions:
LIFE INSURANCE AT RETIREMENT. Life Insurance (1 ½ x) times the annual basic earnings of the employee at the time of retirement rounded to the nearest one thousand dollars). An employee retiring on or after this date will receive life insurance coverage of two (2 x) times the basic annual earnings of the employee at the time of retirement rounded to the nearest one thousand dollars. APPENDIX “D” INCOME PROTECTION PLAN This Plan is comprised of two parts:
LIFE INSURANCE AT RETIREMENT. Life Insurance (2 times the annual basic earnings of the Employee at the time of retirement rounded to the nearest one thousand dollars). Upon reaching the age of 65, the City (HSR) will maintain a $5,000 death benefit for those Employees who were eligible for this benefit prior to the ratification of this agreement. COORDINATION OF BENEFITS Co-ordination of benefits and positive enrolment will be mandatory. If an Employee does not complete enrolment, benefit coverage will be suspended for that Employee and their dependants until the positive enrolment obligation has been completed. APPENDIX "B" – SHORT TERM DISABILITY CLAIM FORM
LIFE INSURANCE AT RETIREMENT. Life Insurance (2 times the annual basic earnings of the Employee at the time of retirement rounded to the nearest one thousand dollars). Upon reaching the age of the City will maintain a death benefit for those Employees who were eligible for this benefit prior to the ratification of this agreement. COORDINATION OF BENEFITS
LIFE INSURANCE AT RETIREMENT. Commencing July 1, 1995, and upon subsequent retirement with a City pension, each eligible employee shall be entitled to a group life insurance valued at $10,000. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. No retiree life insurance will be provided for employees hired from outside the City’s workforce on or after July 1, 2011. LONGEVITY PAY All full-time employees of the City of Madison Heights, whether on a per annum or per hour compensation basis who have completed five (5) or more years of service on a full-time basis, shall be paid longevity pay according to the following schedule: 5 years but less than 10 years 2% base salary 10 years but less than 15 years 4% base salary 15 years but less than 20 years 6% base salary 20 years and over 8% base salary Longevity to be accrued on the anniversary date of employee's date of hire as determined by City records and to be paid within two weeks thereafter. Upon retirement with a City pension, longevity pay shall be paid, pro-rated from the employee's last employment anniversary date to the date of retirement, based upon City pension records. In the event of death of any employee, longevity pay earned by that employee will be paid to the beneficiary.
