Post Health and Welfare Benefits for Eligible Retired Employees Sample Clauses

Post Health and Welfare Benefits for Eligible Retired Employees. Unit members, retiring under one of the District’s formal retirement plan(s) (PERS or STRS), at least age 55 or older, and having five consecutive years of benefited service with the District will be eligible for a District contribution towards their retiree health coverage through age 65 or Medicare eligibility. The District contributions will be based on a percentage of the cost of the lowest price plan for employee only coverage and will vary by years of District service at retirement as follows: Years of Service at Retirement District Contribution Percentage At least 15 years of service but less than 17 80% At least 17 years of service but less than 20 90% 20 or more years of service 100% Employees will receive 100% of the District contribution if working between 7.76 and 8 hours, 92% of the District contribution if working between 6 and 7.75 hours, and 73% of the District contribution if working between 4 and 5.99 hours. All monies paid by the District must be used for medical, dental and vision coverage for the employee. Eligible unit members may purchase additional benefits for eligible dependents. Employees selecting a more expensive medical plan or dependent coverage will pay the difference in premium costs. Employees moving out of the area will be reimbursed to the same dollar amount for use toward medical, dental and vision premiums. Premiums will be reimbursed annually with submission of required documentation. Eligible unit members must meet all criteria: retire into district plan, age, years of service, years of service in a benefited position, and must be in a benefited position and covered by a district plan at time of retirement. For retirements which take effect on or after June 21, 2012, the words “years of District service” means years of service in any of the District’s bargaining units or in the District’s management association. Additionally, up to five years of District service outside of any of the District bargaining units or its management association shall be counted for purposes of determining “years of District service” under this section. 15-16.99 Years (80%) 17-19.99 Years (90%) 20+ Years (100%) 4-5.99 -73% 58% 65% 73% 6-7.75 -92% 73% 82% 92% 7.76-8 -100% 80% 90% 100% For the purpose of this agreement as it relates to eligibility for post retirement benefits, any employee who resigns or retires from the Poway Unified School District and is then subsequently re-employed by the District on or after June 30, 2006 will carry no ...
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Post Health and Welfare Benefits for Eligible Retired Employees. Unit members, retiring under one of the District’s formal retirement plan(s) (PERS or STRS), at least age fifty-five (55) or older, and having five (5) consecutive years of benefited service with the District will be eligible for a District contribution towards their retiree health coverage through age sixty-five
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Post Health and Welfare Benefits for Eligible Retired Employees. Unit members, retiring under one of the District’s formal retirement plan(s) (PERS or STRS), at least age 55 or older, and having five consecutive years of benefited service with the District, will be eligible for a District contribution towards their retiree health coverage through age 65 or Medicare eligibility. The District contributions will be based on a percentage of the cost of the lowest price plan for employee only coverage and will vary by years of District service at retirement as follows: Years of Service at Retirement District Contribution Percentage At least 15 years of service but less than 17 80% At least 17 years of service but less than 20 90% 20 or more years of service 100% Employees will receive 100% of the District contribution if working between 7.76 and 8 hours, 92% of the District contribution if working between 6 and 7.75 hours, and 73% of the District contribution if working between 4 and
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Post Health and Welfare Benefits for Eligible Retired Employees. 4 Unit members, retiring under one of the District’s formal retirement plan(s) 5 (PERS or STRS), at least age 55 or older, and having five consecutive years of 6 benefited service with the District will be eligible for a District contribution 7 towards their retiree health coverage through age 65 or Medicare eligibility. 9 The District contributions will be based on a percentage of the cost of the lowest 10 price plan for employee only coverage and will vary by years of District service 11 at retirement as follows: Years of Service at Retirement District Contribution Percentage At least 15 years of service but less than 17 80% At least 17 years of service but less than 20 90% 20 or more years of service 100% 14 15 Employees will receive 100% of the District contribution if working between 7.76 16 and 8 hours, 92% of the District contribution if working between 6 and 7.75 17 hours, and 73% of the District contribution if working between 4 and 5.99 hours. 19 All monies paid by the District must be used for medical coverage; no other 20 benefits are covered for employees under this agreement. Eligible unit 21 members may purchase additional benefits for themselves or eligible 22 dependents. Employees selecting a more expensive medical plan or 24 moving out of the area will be reimbursed to the same dollar amount for use 25 toward medical premiums only. Premiums will be reimbursed annually with 26 submission of required documentation. 28 Eligible unit members must meet all criteria: retire into district plan, age, years 29 of service, years of service in a benefited position, and must be in a benefited 30 position and covered by a district plan at time of retirement. 4-5.99 -73% 58% 65% 73% 6-7.75 -92% 73% 82% 92%
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Related to Post Health and Welfare Benefits for Eligible Retired Employees

  • Retired Employees A. Employees who retire under the Florida Retirement System shall be eligible, upon request, to receive on the same basis as other employees the following benefits at the University, subject to University Regulations and policies:

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the Board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of the leave.

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • 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.

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

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