Post-Retirement Health Insurance. For those regular employees hired before December 31, 2008, post retirement health insurance is provided as part of the medical plan for the employee and his or her dependents. To be eligible an employee must meet CalPERS eligibility requirements, currently age 50 with a minimum of 5 years CalPERS service. For those regular employees hired on or after January 1, 2009, post retirement medical insurance is provided under G.C. 22893 rules and requires a minimum of ten years of compensated CalPERS service time (not including air time), with five of the ten years served at NCPA to receive 50% of the employer premium contribution for medical insurance. Each additional service credit year after ten (10) years increases the employer premium contribution percentage by 5% until twenty (20) years at which time the retiree is eligible for 100% of the employer premium contribution toward family coverage. Retirees may elect a monthly payment via check in-lieu of the medical insurance coverage if they present proof of alternate medical insurance. The amount of the monthly payment will be the same as for active employees (see Section 14.1).
Post-Retirement Health Insurance. If the Superintendent takes full retirement with the Virginia Retirement System while under contract with the Board or immediately following the end of the term of this Agreement, and subject to sufficient annual appropriations necessary for the Board to meet its obligations hereunder, then the Superintendent, upon such a retirement, may, at no cost to the Superintendent, elect to continue coverage under any plan and tier of health insurance being offered by the Board at that time. The post-retirement insurance coverage provided for herein shall continue for the shorter of seven years from the date of retirement or until such time as the Superintendent becomes eligible for Medicare.
Post-Retirement Health Insurance. For an ESP enrolled in the District insurance program at the time he/she files a notice of intent to retire, the Board will pay 50% of the Board insurance premium contribution for the applicable individual coverage for twenty-four (24) months following the employee’s retirement until Medicare eligible. With the exception of ESPs who submit a notice of intent to retire at the end of the 18-19 school year by October 1, 2018, an ESP who notifies the Superintendent he/she intends to retire at the end of the school year in which the notice of intent is served must do so by February 1 of that school year. The ESP shall receive only the unused accumulated sick leave payout and the post retirement health insurance benefit.
Post-Retirement Health Insurance. 21.1 Employees to contribute two percent (2%) of gross wages for M.S.R.S. Post-Retirement Health Insurance Savings Plan.
21.2 Employees leaving employment shall be paid for the number of unused vacation, sick and comp days accumulated at the time of the employee's separation.
21.3 Employees retiring: All benefits upon termination including vacation, comp and severance pay, will be paidinto theHealth Qire Savings Plan(HCSP).Unused munberofsickdays willbepaidoutto theemployee, per Artiele 12.1.
21.4 Comp time per Article 17 will be placed into Post-Retirement Health Insurance Savings Plan.
Post-Retirement Health Insurance. The Board shall provide the Superintendent with a post-retirement benefit in the amount of Twelve Thousand and Five Hundred Dollars ($12,500) annually for a period of five (5) years after the date of retirement for the Superintendent’s health insurance plan premiums. The parties understand and agree that this benefit is contingent upon the Superintendent fully completing the term of this Agreement as defined in Paragraph A.1.
Post-Retirement Health Insurance. Any non-instructional employee covered by this agreement shall, upon retirement, be allowed to continue health insurance coverage through the Xxxxxx Central School District-sponsored health insurance program by paying the full cost of the applicable premium. The employee will be eligible only for such benefit level as he or she carried as an employee, or a lesser level. In addition, in accordance with the plan document, if the employee selects a lesser level of coverage (i.e.- going from family to two-person or single), he or she cannot return to any higher level. Retired employees are eligible for medical and prescription coverage only and not dental or vision coverage, except for such benefits as provided under COBRA. All premium payments must be paid quarterly on the date established by the District. Failure to make a timely payment will result in cancellation of the retired employee’s policy. Should such cancellation occur, the retired employee will hold the District harmless for any injury or damages that may occur as a result of the retired employee’s failure to make such payments.
Post-Retirement Health Insurance i. Upon the termination of Executive’s employment for any reason other than Cause and continuing through and until December 31 of the calendar year in which Executive attains seventy-five (75) years of age (or if Executive dies prior to such date, then December 31 of the calendar year in which Executive would have attained seventy-five (75) years of age) (the “Medical Retirement Benefit Termination Date”), the Company shall provide to Executive (or Executive’s spouse if Executive is deceased) a retiree-only health plan covering Executive and Executive’s spouse, with the health insurance coverage and benefits substantially similar to the health insurance offered by the Company to executive employees of the Company at the time of Executive’s Retirement (the “Retiree Only Plan”). The Company shall establish and maintain, at its sole cost and expense, the Retiree Only Plan effective the date of Executive’s Retirement and continue such Retiree Only Plan without interruption in coverage until the Medical Retirement Benefit Termination Date.
ii. In the event that the Company determines that (A) the Retiree Only Plan for Executive is or will be prohibited by applicable legal requirements, (B) the Retiree Only Plan is or will become subject to penalties, fines or fees under legal requirements not in effect on the Execution Date (or cause the Company to be or become subject to penalties, fines or fees), or (C) the Retiree Only Plan causes or will cause the Company to be required to provide the Retiree Only Plan to other employees of the Company or to violate anti-discrimination requirements protecting non-highly compensated employees, the Company shall no longer be required to provide the Retiree Only Plan to Executive (or Executive’s spouse if Executive is deceased) and the Company shall then reimburse Executive (or Executive’s spouse if Executive is deceased) for heath insurance premiums paid to obtain health insurance coverage and benefits for Executive and Executive’s spouse substantially similar to the health insurance offered by the Company to executive employees of the Company at the time of Executive’s Retirement (the “Medical Insurance Reimbursement”). The Medical Insurance Reimbursement, if applicable, shall commence immediately upon Executive’s Retirement if no Retiree Only Plan is obtained or immediately upon the termination of any Retiree Only Plan previously obtained by the Company. The Medical Insurance Reimbursement will continue through and until Me...
Post-Retirement Health Insurance. Following retirement, the Superintendent shall be entitled to health insurance as follows: If eligible as described below, the District will contribute toward the cost of providing the Superintendent with individual and spousal health insurance coverage in· retirement, provided the Superintendent retires (i.e., resigns from District employment and receives retirement benefits under the New York State Teachers' Retirement System) during the term of this Agreement at the normal retirement age with at least fifteen (15) years of full-time continuous service with the District. The amount of the District's contribution towards his own and/or his spouse's coverage in retirement shall be the same level (percentage) of the District's contribution as set forth in Article V, Section 1 at the time of the Superintendent's retirement, with the understanding that the District is required to contribute only toward the cost of "wrap-up" coverage (over and above that provided by Medicare) for· the Superintendent and his spouse after age sixty-five (65). The Superintendent shall be responsible for the portion of any such health insurance premium above the amount of the District's contribution. The Superintendent will not be eligible to receive continuing health insurance coverage in retirement if he is eligible for health insurance coverage through another source after retiring (except Medicare), such as through a spouse's employer or through his own continued employment after retiring from the District. If the Superintendent is no longer eligible for health insurance coverage through another source, then the Superintendent may return to the District's health plan as described herein. If the Superintendent's spouse is covered by the District's health plan at the time of the Superintendent's death, then such spouse may continue to participate in the District's health plan at her own expense, if permitted by the District's insurance carrier.
Post-Retirement Health Insurance for Pre-’91 Deferred Retirees
a) Eliminate eligibility specified in Section 4.1 (c) of the Unrep Reso dated July 2, 2011.
Post-Retirement Health Insurance. Subject to the conditions described in this paragraph 4, Employee shall be entitled to continue to participate through October 31, 2007 in the Company’s group health insurance program on the same terms as are applicable to the Company’s executive officers. Employee shall be offered COBRA continuation coverage with the COBRA continuation coverage period beginning on November 1, 2007. The Company’s obligation to provide continued health insurance coverage described herein is subject to consent of the applicable re-insurance provider. The Company agrees to use its best efforts to obtain such consent. In the event the Company is unable to obtain such consent, the Company shall self-insure or shall fund the cost of substantially comparable insurance issued directly to Employee.
