Common use of LIFE INSURANCE AT RETIREMENT Clause in Contracts

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. Commencing July 1st1, 19761995, and upon subsequent retirement with a City pension, each employee shall be entitled to a group life insurance valued at $2,50010,000. 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. Commencing July 1st1, 19761995, and upon subsequent retirement with a City pension, each eligible employee shall be entitled to a group life insurance valued at $2,50010,000. 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. ‌ Commencing July 1st1, 19761995, and upon retirement with a City pension, each employee shall be entitled to a group life insurance policy valued at $2,50010,000.00. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. Effective with retirements on or September 12, 2011 retiree life insurance shall be eliminated for employees hired 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, 20112009.

LIFE INSURANCE AT RETIREMENT. Commencing July 1st1, 19761995, and upon retirement with a City pension, each employee shall be entitled to a group life insurance policy valued at $2,50010,000.00. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. Effective with retirements on or September 12, 2011 retiree life insurance shall be eliminated for employees hired 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, 20112009.

LIFE INSURANCE AT RETIREMENT. Commencing July 1st1, 19761996, and upon a subsequent retirement with a City pension, each employee shall be entitled to group life insurance a Group Life Insurance policy valued at $2,50010,000. The entire cost of premiums for same same, shall be assumed and paid for by the City of Madison Heights. Effective with retirements on or after July 1August 22, 1995, the retiring employee shall be entitled to group life insurance valued at $10,000. No 2011 retiree life insurance will shall be provided eliminated for employees hired from outside the City’s workforce on or retirees who retire after July 1August 22, 2011.

LIFE INSURANCE AT RETIREMENT. Commencing July 1st1, 1976, and upon retirement with a City pension, each employee shall be entitled to a group life insurance policy valued at $2,5002,500.00. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. Effective with retirements on or after Commencing July 1, 1995, the retiring and upon retirement with a City pension, each employee shall be entitled to a group life insurance policy valued at $10,00010,000.00. No retiree life insurance will The entire cost of premiums for same shall be provided for employees hired from outside assumed and paid by the City’s workforce on or after July 1, 2011City of Madison Heights.

LIFE INSURANCE AT RETIREMENT. Commencing July 1st, 1976, and upon retirement with a City pension, each employee shall be entitled to a group life insurance valued at $2,5002,500.00. The entire cost of premiums for same shall be assumed and paid by the City of Madison Heights. Effective with retirements on or after Commencing July 11st, 1995, the retiring and upon subsequent retirement with a City pension, each employee shall be entitled to a group life insurance valued at $10,000. No retiree life insurance will The entire cost of premiums for same shall be provided for employees hired from outside assumed and paid by the City’s workforce on or after July 1, 2011City of Madison Heights.

LIFE INSURANCE AT RETIREMENT. Commencing July 1st1, 19761996, and upon a subsequent retirement with a City pension, each employee shall be entitled to group life insurance a Group Life Insurance policy valued at $2,50010,000. The entire cost of premiums for same same, shall be assumed and paid for 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. Commencing July 1st1, 19761995, and upon subsequent retirement with a City pension, each employee shall be entitled to a group life insurance valued at $2,50010,000. 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.