Non Full Service Retirees Sample Clauses

Non Full Service Retirees. ‌ All non-full service retirees covered by this Agreement shall contribute towards their health insurance premium the percent indicated below: Description Retiree Premium Share Duty disability retiree, must have at least 10 years of City fire service to be eligible for retiree health insurance 25% Non-duty disability retiree must have at least 20 years of City fire service to be eligible for retiree health for a 25 to 28 year employee 35% Non-duty disability retiree must have at least 25 years of City fire service to be eligible for retiree health for a 29 year and above year employee 35% The specified insurance coverage and Employer’s liability for the premium share shall cease if the retired employee accepts employment with another employer who provides reasonably comparable health insurance coverage or if the retired employee’s spouse is employed and that employer provides health insurance coverage reasonably comparable to that specified above, even if there is a cost to the retiree. A retired employee, who cease to be covered by the Employer’s insurance because of his employment or his spouses’ employment and the resulting insurance coverage may, upon termination of coverage elsewhere, re-enter the employer’s insurance coverage described in this section. If a retiree who retires after the execution of this agreement and who is being provided retiree health insurance by the Employer, should subsequently expire, the insurance coverage as provided to his spouse and dependent children may be continued on a payroll deduction basis if the spouse and/or dependent children are eligible to continue receiving pension benefits. If a retired employee expires and the surviving spouse remarries, said individual, including all eligible dependents, shall be removed from the City’s insurance plan if coverage is available through the new spouse. When an eligible retired employee or spouse reaches the age when he becomes eligible for Medicare coverage, he shall apply for said coverage and the City will provide access to Medicare supplemental insurance. The City will pay a maximum of $250 per month for the retiree or $450 per month for the eligible retiree and spouse, or the city’s actual cost to provide said insurance respectively, or the retiree may receive this stipend to purchase alternate coverage. If a retired employee expires and the surviving spouse remarries, said individual, including all eligible dependents, shall be removed from the City’s insurance plan if co...
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Related to Non Full Service Retirees

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

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