PENSIONERS’ LIFE INSURANCE. An employee who has completed ten (10) years of service with the Company and who is entitled to and in receipt of a Company pension shall be provided with a $4,500 life insurance benefit.
PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District as follows:
A. First year of retirement, fifty percent (50%) of the basic group life insurance;
B. Second year of retirement, forty percent (40%) of the basic group life insurance;
C. Third year of retirement, thirty percent (30%) of the basic group life insurance;
D. Fourth and subsequent years of retirement, twenty percent (20%) of the basic group life insurance. This section is subject to the provisions of Section 5.1 “Group Insurance and District Self-Funded Plans”.
PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows:
A. First year of retirement, fifty percent (50%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000);
B. Second year of retirement, forty percent (40%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000);
C. Third year of retirement, thirty percent (30%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000);
D. Fourth and subsequent years of retirement, twenty percent (20%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000). This section is subject to the provisions of Section 31 Group Insurance and District Self Funded Plans General.
PENSIONERS’ LIFE INSURANCE. 1. Life insurance will be provided to all employees who retire from the District before July 1, 2019 on either a service or a disability retirement as follows:
A. The first year of retirement, fifty percent (50%) of the employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000);
B. The second year of retirement, forty percent (40%) of the employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000);
C. The third year of retirement, thirty percent (30%) of the employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000);
D. The fourth and subsequent years of retirement, twenty percent (20%) of the employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000). This Section is subject to the provisions of Section 33 - Group Insurance and Self-Funded Plans - General.
2. The District will no longer provide Pensioners’ Life Insurance for employees who retire from District service on or after July 1, 2019.
PENSIONERS’ LIFE INSURANCE. The existing provisions from the 2013-2018 CBA shall remain in effect until replaced by the above provisions. Apart from Sections 6.3, Pensioners’ Life Insurance and 11.1, General Wage Increases, any effective dates reflected in Tentative Agreements previously signed shall be excluded from the CBA.
PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows:
A. The first year of retirement, fifty percent (50%) of the employee's annual base earnings rounded to the next higher even thousand dollars ($1,000);
B. The second year of retirement, forty percent (40%) of the employee's annual base earnings rounded to the next higher even thousand dollars ($1,000);
C. The third year of retirement, thirty percent (30%) of the employee's annual base earnings rounded to the next higher even thousand dollars ($1,000);
D. The fourth and subsequent years of retirement, twenty percent (20%) of the employee's annual base earnings rounded to the next higher even thousand dollars ($1,000). The District agrees to discuss any changes proposed by the insurance carriers in insurance plans. This Provision is subject to Provision 5.8 - "Group Insurance & District Self- Funded Plans."
PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from District employment as follows:
A. First year of retirement, fifty percent (50%) of the employee’s annual base earnings;
B. Second year of retirement, forty percent (40%) of the employee’s annual base earnings;
C. Third year of retirement, thirty percent (30%) of the employee’s annual base earnings;
D. Fourth and subsequent years of retirement, twenty percent (20%) of the employee’s annual base earnings. This Section is subject to the contract language governing “Group Insurance and District Self-Funded Plans”.
