Post-Retirement Health Care Benefits Sample Clauses

Post-Retirement Health Care Benefits. (a) For purposes of this Article, a retiree is a regular employee who has retired from the Corporation and who is in receipt of an annual allowance or an Immediate Lifetime Annuity under the Canada Post Corporation Pension Plan (Canada Post Pension Plan). (b) Until December 31, 2008, subject to the other provisions of this Article, a retiree who has ten (10) years or more of continuous employment on the date of retirement shall be covered by the EHCP if she elects to receive these benefits within sixty (60) calendar days of the retirement or the date on which she starts to receive a deferred pension. Effective January 1, 2009, subject to the other provisions of this Article, a retiree who has fifteen (15) years or more of continuous employment on the date of retirement shall be covered by the EHCP if she elects to receive these benefits within sixty (60) calendar days of the retirement or the date on which she elects to receive a deferred pension. If no application to receive the benefits is made, the retiree will not be eligible to be covered by EHCP. This is a one-time election. (c) Effective January 1, 2009, the retiree with less than fifteen (15) years of continuous employment who is totally disabled and in receipt of a disability pension pursuant to the Canada Post Corporation Act or the Public Service Superannuation Act shall also be covered by the EHCP if an application is made as provided for in Clause (b) above. (d) Notwithstanding Clauses (b) and (c) above, an employee whose employment is terminated shall not be entitled to EHCP if she defers pension entitlements for more than five (5) years. (e) If a retiree who elected for coverage subsequently notifies the carrier that she wishes to discontinue coverage under Post Retirement Health Care, she will not be eligible to rejoin the plan at a later date. (f) Subject to Clause (g) and (h), retirees covered by the EHCP pursuant to this Article are entitled to the same EHCP as active employees, including the level of benefits, deductibles and co- insurance. (g) For employees who retired on or after January 1, 2006 and before August 12, 2014 the Corporation’s contribution to the “Medical” portion of EHCP (this excludes the Optional Expenses Benefit) shall be seventy-five percent (75%) and the contribution of the retiree shall be twenty-five percent (25%). (h) Employees who retired on or after August 12, 2014 the Corporation's contribution to the "Medical" portion of EHCP (this excludes the Optional Expen...
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Post-Retirement Health Care Benefits. (a) For purposes of this Article, a retiree is an indeterminate employee who has retired from the Corporation and who is in receipt of a reduced or unreduced pension under the pension plan, or its predecessor. (b) Subject to the other provisions of this Clause, a retiree who has fifteen
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Post-Retirement Health Care Benefits. *26.6.1 Subject to the other provisions of this Clause, a retiree who has fifteen (15) years or more of continuous employment on the date of retirement shall be covered by the EHCP if he elects to receive post-retirement health care benefits within sixty (60) calendar days of retirement or the date on which he starts to receive a deferred pension. If no application to receive post-retirement health care benefits is made, the retiree will not be eligible to be covered by EHCP. This is a one-time election. *26.6.2 A retiree with less than fifteen (15) years of continuous employment who is totally disabled and in receipt of a disability pension pursuant to the Canada Post Pension Plan shall also be covered by the EHCP if an application is made as provided for in Sub-Clause 26.6.1 above. 26.6.3 Notwithstanding Sub-Clauses 26.6.1 and 26.6.2 above, an employee whose employment is terminated shall not be entitled to EHCP if he defers pension entitlements for more than five (5) years. 26.6.4 If a retiree who elected for coverage subsequently notifies the carrier that he wishes to discontinue coverage under Post Retirement Health Care, he will not be eligible to rejoin the plan at a later date. 26.6.5 Subject to Sub-Clause 26.6.6, retirees covered by the EHCP pursuant to this Clause are entitled to the same EHCP as active employees, including the level of benefits, deductibles and co-insurance. 26.6.6 The Corporation’s contribution to the “Basic” portion of EHCP (excluding the Optional Expenses Benefits of the EHCP) shall be eighty percent (80%) and the contribution of the retiree shall be twenty percent (20%) until January 31, 2006. Effective February 1, 2006, the Corporation’s contribution to the “Basic” coverage under the EHCP (excluding the optional expense benefits of the EHCP) shall be seventy-five percent (75%) and the contribution of the retiree shall be twenty-five percent (25%).
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Post-Retirement Health Care Benefits. 26.6.1 For purposes of this Clause, a retiree is a regular employee who has retired from the Corporation and who is in receipt of an annual allowance or an Immediate Lifetime Annuity under the Canada Post Corporation Pension Plan (Canada Post Pension Plan). 26.6.2 Subject to the other provisions of this Clause, a retiree who has ten (10) years or more of continuous employment on the date of retirement shall be covered by the EHCP if he elects to receive these benefits within sixty (60) calendar days of the retirement or the date on which he starts to receive a deferred pension. 26.6.3 The retiree with less than ten (10) years of continuous employment who is totally disabled and in receipt of a disability pension pursuant to the Canada Post Pension Plan shall also be covered by the EHCP if an application is made as provided for in Sub-Clause 26.6.2 above. 26.6.4 Notwithstanding Sub-Clauses 26.6.2 and 26.6.3 above, an employee whose employment is terminated shall not be entitled to EHCP if he defers pension entitlements for more than five (5) years. 26.6.5 If a retiree who elected for coverage subsequently notifies the carrier that he wishes to discontinue coverage under Post Retirement Health Care, he will not be eligible to rejoin the plan at a later date. 26.6.6 Subject to Sub-Clause 26.6.7, retirees covered by the EHCP pursuant to this Clause are entitled to the same EHCP as active employees, including the level of benefits, deductibles and co- insurance.
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Post-Retirement Health Care Benefits. 26.6.1 Subject to the other provisions of this Clause, a retiree who has fifteen (15) years or more of continuous employment on the date of retirement shall be covered by the EHCP if he elects to receive post-retirement health care benefits within sixty (60) calendar days of retirement or the date on which he starts to receive a deferred pension. If no application to receive post-retirement health care benefits is made, the retiree will not be eligible to be covered by EHCP. This is a one-time election. 26.6.2 A retiree with less than fifteen (15) years of continuous employment who is totally disabled and in receipt of a disability pension pursuant to the Canada Post Pension Plan shall also be covered by the EHCP if an application is made as provided for in Sub-Clause 26.6.1 above. 26.6.3 Notwithstanding Sub-Clauses 26.6.1 and 26.6.2 above, an employee whose employment is terminated shall not be entitled to EHCP if he defers pension entitlements for more than five (5) years. 26.6.4 If a retiree who elected for coverage subsequently notifies the carrier that he wishes to discontinue coverage under Post Retirement Health Care, he will not be eligible to rejoin the plan at a later date.
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Post-Retirement Health Care Benefits. *26.6.1 Subject to the other provisions of this Clause, a retiree who has ten (10) years or more of continuous employment on the date of retirement shall be covered by the EHCP if he elects to receive post-retirement health care benefits within sixty (60) calendar days of retirement or the date on which he starts to receive a deferred pension. If no application to receive post-retirement health care benefits is made, the retiree will not be eligible to be covered by EHCP. This is a one-time election. *26.6.2 A retiree with less than ten (10) years of continuous employment who is totally disabled and in receipt of a disability pension pursuant to the Canada Post Pension Plan shall also be covered by the EHCP if an application is made as provided for in Sub-Clause 26.6.1 above.
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Related to Post-Retirement Health Care Benefits

  • Health Care Benefits A. Each regular, full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans: 1. Blue Cross/Blue Shield of Michigan Flexible Blue 3 with Flexible Blue Rx Prescription Drug Coverage with a Health Savings Account (hereinafter collectively referred to as the “H.S.A Plan”). The Employer shall pay for the illustrated premium cost of this coverage and make an annual contribution to each participating employee’s Health Savings Account in the amount of $500 for those selecting single coverage and $1,000 for those selecting Employee & Spouse, Employee Child(ren) or Family coverage, or the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the lesser Employer contribution to the cost of such plan. Employees may, at their option, make additional contributions through bi-weekly pre-tax payroll deduction as permitted by applicable law. 2. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 3 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. 3. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 6 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. (a) All coverage under any of the foregoing plans shall be subject to such terms, conditions, exclusions, limitations, deductibles, co-payments premium cost-sharing, and other provisions of the plans. Coverage shall commence on the employee’s ninetieth (90th) day of continuous employment. The employee’s contribution to the cost of such coverage shall be payable on a bi-weekly basis through automatic payroll deduction. (b) To qualify for health care benefits as above described each employee must individually enroll and make proper application for such benefits at the Human Resources Department upon the commencement of his regular employment with the Employer. (c) Except as otherwise provided under the Family and Medical Leave Act, when on an authorized unpaid leave of absence of more than two weeks, the employee will be responsible for paying all his benefit costs for the period he is not on the active payroll. Proper application and arrangements for the payment of such continued benefits must be made at the Human Resources Department prior to the commencement of the leave. If such application and arrangements are not made as herein described, the employee's health care benefits shall automatically terminate upon the effective date of the unpaid leave of absence. (d) Except as otherwise provided under this Agreement and/or under COBRA, an employee's health care benefits shall terminate on the date the employee goes on a leave of absence for more than two weeks, terminates, retires or is laid off. Upon return from a leave of absence or layoff, an employee's health care benefits coverage shall be reinstated commencing with the employee's return. (e) An employee who is on layoff or leave of absence for more than two weeks or who terminates may elect under COBRA to continue the coverage herein provided at his own expense. (f) The Employer reserves the right to change a carrier(s), a plan(s), and/or the manner in which it provides the above benefits, provided that the benefits and conditions are equal to or better than the benefits and conditions outlined above. (g) To be eligible for health care benefits as provided above, an employee must document all coverage available to him under his spouse's medical plan and cooperate in the coordination of coverage to limit the Employer's expense. If an employee’s spouse or eligible dependent children work for an employer who provides medical coverage, they are required to elect medical coverage with their employer, so long as the spouse’s or monthly contribution to the premium does not exceed 20% of the total premium cost of said coverage. The Monroe County Plan shall provide secondary coverage. (h) Each employee is responsible for notifying the Human Resources Department of any change in his status, which might affect his insurance coverage or benefits, such as, marriage, divorce, births, adoptions, deaths, etc.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Retirement Plans (a) 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 (“Qualified 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, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Public Employees Retirement System “PERS”) Members.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

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