Common use of Payment at Fifty-five (55) or earlier Clause in Contracts

Payment at Fifty-five (55) or earlier. 33 The County shall pay one half (½) of the monthly medical 34 insurance premium on behalf of a retiree and his or her eligible dependents from the 35 retiree's fifty-fifth (55th) birthday or date of retirement, whichever is later, until the retiree's 36 sixty-fifth (65th) birthday, death, or eligibility for Medicare, whichever is earlier, if the 37 employee had: 38 a. Thirty (30) years of continuous service with employers 39 who are members of the Oregon Public Employee Retirement System and twenty (20) or 40 more years of continuous County service immediately preceding retirement; provided, 41 however that employees employed on or before July 1, 1992, who are eligible for PERS 42 regular retirement with thirty (30) years of PERS service and twenty (20) years of County 1 service shall be eligible for County payment of half the medical premium without waiting 2 until age fifty-five (55), or 3 b. Ten (10) years of continuous County service immediately 4 preceding retirement in the event of disability retirement.