Post Retirement Health Care Benefit Sample Clauses

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.
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Post Retirement Health Care Benefit. Employees who retire on or after January 1, 2008, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan, if at the time of retirement the employee is entitled to an annuity under a State retirement program. 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.
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Post Retirement Health Care Benefit. ASF Members who separate from State service and who, at the time of separation are insurance eligible and entitled to either a) immediately receive an annuity under a State retirement program, or b) receive a retirement benefit under Minn. Stat. Ch. 354B shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System (MSRS)
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Post Retirement Health Care Benefit. Supervisors who separate on or after January 1, 2008, 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. Supervisors who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the supervisor separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. A supervisor 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. Supervisors are eligible for this benefit only once.
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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)
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Post Retirement Health Care Benefit. Employees who separate on or after January 1, 2008 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
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Post Retirement Health Care Benefit. Teachers who separate on or after January 1, 2008 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. Teachers who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the teacher separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. A teacher 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 dollars ($250) contribution to the MSRS Health Care Savings Plan. Teachers are eligible for this benefit only once.
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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. 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.
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Post Retirement Health Care Benefit. An employee who satisfies the above eligibility conditions will be entitled to receive a fixed, annual post-retirement health care benefit. The amount of the annual post- retirement health care benefit will vary based on service in excess of 15 years. The annual benefit amount shall be calculated as follows: - $35 per year of Eligible Service for employees with at least 85 points at the time of retirement Eligible Service is defined as years of Pensionable Service at the time of retirement in excess of 15 years. The maximum Eligible Service is 20 years and the maximum annual benefit is $700. For e.g.: Age at retirement: 55 Pensionable Service at retirement: 32.5 Points at retirement: 87.5 Eligible Service at retirement: 32.5-15=17.5 Annual benefit amount: 17.5 x $35 = $612.50
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Post Retirement Health Care Benefit. Supervisors who retire on or after January 1, 2008, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan, if at the time of retirement the supervisor is entitled to an annuity under a State retirement program. A supervisor 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. Supervisors are eligible for this benefit only once.
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