Life Insurance for Retirees. During the last academic year prior to the faculty member’s retirement, a faculty member may apply for continuance after retirement, of the group life insurance benefits in the amount of $10,000. The University will continue such faculty member on the group life insurance rolls to the extent of $10,000 provided that the faculty member pays the premiums on an ongoing basis. Unless the initial premium and future annual premiums are paid in advance, the faculty member shall not be entitled to any such insurance coverage.
Life Insurance for Retirees. (a) Etobicoke Inside (formerly non-union and placed in Local 79 by virtue of the Ontario Labour Relations Board Order No. 1202-98-PS dated November 19,1998), Etobicoke Inside (formerly non-union and certified with CUPE May 8, 1998 by the Ontario Labour Relations Board Order No. 4499-97-R), Etobicoke Health Unit (CUPE Local 3431) and Etobicoke Health Unit (ONA Local 29) - Upon retirement, an employee shall receive flat coverage at one quarter (1/4) pre-retirement coverage to a maximum of $50,000. The premiums shall be paid one hundred (100%) percent by the City.
Life Insurance for Retirees. A $12,500 life insurance plan shall continue for five years after retirement effective 7/1/2016.
Life Insurance for Retirees. A. The group life insurance carrier will make available to transportation employee retirees a plan for continued life insurance provided the Board of Education makes the premium payments...even though the retiree is required to prepay the Board for this expense on an annual basis.
Life Insurance for Retirees. Employees who retire with a City pension shall be entitled to group life insurance valued at $2,500. The cost of the premium shall be paid by the City. Commencing July 1, 1995, and upon subsequent retirement with a City pension, each employee shall be entitled to 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.
Life Insurance for Retirees. For Deputy Sheriffs who retire on or after July 1, 1995, the County-provided basic life insurance benefits of up to one hundred thousand dollars ($100,000.00) will not be reduced until the retiree attains age sixty (60). At that time the retiree's total life insurance benefit shall be reduced by fifteen percent (15%) of the original face value per year, to a residual of twenty-five percent (25%) by reducing the life insurance benefit by fifteen percent (15%) on the first day of the calendar month coinciding with or next following the date of the retiree's attainment of age sixty (60). On each of the next four (4) anniversaries, the retiree's insurance benefit will be reduced by the same dollar amount.
Life Insurance for Retirees. For Correctional Officers who retire on or after July 1, 1999, the County-provided life insurance benefits of up to one hundred thousand dollars ($100,000.00) will not be reduced until the retiree attains age sixty (60). At that time the retiree's total life insurance benefit shall be reduced by fifteen percent (15%) of the original face value per year, to a residual of twenty-five percent (25%) by reducing the life insurance benefit by fifteen percent (15%) on the first day of the calendar month or next following the date of the retiree's attainment of age sixty (60). On each of the next four (4) anniversaries, the retiree's insurance will be reduced by the same dollar amount. However, the parties expressly understand and agree that the County has not waived any rights it has with regard to whether matters affecting retirees constitute mandatory subjects of bargaining.
Life Insurance for Retirees. An employee with ten (10) years of service at the Macomb Intermediate School District who retires directly into the state retirement plan from the district shall be eligible to participate in life insurance through age 70 at his/her own expense subject to the conditions of the carrier. Life insurance shall be capped at $7,000. The retiree prepays life insurance premiums annually directly to the employer.
Life Insurance for Retirees. Employees who retire and are eligible to receive a pension annuity under the Xxxxxxx Radio Retirement Plan for Production Employees will be provided $10,000 life insurance coverage. The premiums for this coverage will be paid for by the Company.
Life Insurance for Retirees. All employees who retire after June 1, 1994 shall be provided with a Five Thousand Dollars ($5,000) Term Life Insurance paid by the Employer. This policy shall remain in effect until age seventy (70).
