Post-Retirement Medical. At the conclusion of employment with the District, Employee shall receive the same retiree health benefits as the District provides for managers, if eligible, and subject to satisfaction of certain age and service requirements as set forth in Exhibit A (which is attached and by reference incorporated, as a part of this Agreement).
Post-Retirement Medical. The Company has established two separate trusts to assist retirees of TMWA with the payment of premiums for post-retirement medical and group life insurance. The first trust is referred to as “The Truckee Xxxxxxx Water Authority Post-Retirement Medical Plan & Trust,” and was established as a Voluntary Employees' Benefit Association under Section 501(c)(9) of the Internal Revenue Code of 1986, as amended (Code), and is referred to herein as the VEBA Trust. The second trust is referred to as the “Truckee Xxxxxxx Water Authority OPEB Trust Fund,” and was established under Code Section 115, and is referred to herein as the 115 Trust. The following is provided for informational purposes only and should not be interpreted as amending or modifying the terms of the VEBA Trust or the 115 Trust, the post-retirement benefits stated therein, or the Company's obligations under the Trusts. If information provided in their Title 22.2 contradicts or conflicts with the terms of the Trusts, or any amendments thereto, then the terms of the Trust are to control.
Post-Retirement Medical. Employees who “retire” under the qualified Retirement Plan (minimum age 55 with at least 10 years of service), are eligible for Post Retirement Medical benefits.
Post-Retirement Medical. TRUST FUND
1. An amount equal to three percent (3%) of base (i.e. non-overtime) pay shall be provided on a pre-tax basis on all bargaining unit members to the post-retirement medical trust fund designated by the PFFA.
2. PFFA shall be solely responsible for maintaining and allocating funds from the post- retirement medical trust fund. PFFA shall indemnify and hold harmless the City from any of its actions or lack of actions in administering this trust fund.
Post-Retirement Medical. During the term of this Agreement, employees who are actively employed on October 13, 2008 and retire on or after age fifty-five (55) with at least ten (10) years of service will be eligible for post-retirement medical benefits, subject to the terms and conditions of the Welfare Plan. The post-retirement medical calculation for the employer contribution is as follows:
a) For employees who retire from the Company prior to reaching age sixty-five (65), the Company will contribute $260 per year of service. If an employee retires prior to reaching age sixty-two (62) and has not obtained 85 points as outlined in the Retirement Plan, the $260 is reduced by 5% for each year under age sixty-two (62). Upon reaching age sixty-five (65), the $260 is reduced to $130 per year of service.
b) For employees who retire from the Company on or after reaching age sixty-five (65), the Company will contribute $130 per year of service. Employees hired, rehired or who transfer into the bargaining unit after October 13, 2008 will not be eligible for Post-Retirement Medical Benefits as set forth in b) above.
Post-Retirement Medical. (a) Employees who “retire” under the qualified Retirement Plan (minimum age 55 with at least 10 years of service), are eligible for Post Retirement Medical benefits. For Post Retirement Medical Plan provisions, refer to the Truckee Xxxxxxx Water Authority Post-Retirement Medical Plan & Trust. (Amended 6/12/06)
(b) Employees retiring on or after July 1, 1998, who are under age 65, will pay 20% of the applicable Medical Plan premium (including Dental and Vision); plus an additional 4% of the applicable Medical Plan premium (including Dental and Vision) for each year less than 20 full years of Credited Service.
(c) Employees retiring on or after January 1, 1998, who are age 65 or over, or who subsequently become age 65, will be offered the same HMO as active BU employees, a Medicare Supplement Plan (plan design to be determined and mutually agreed upon in the Joint Wages and Benefits Committee), and a Medicare Risk Contract.
(d) Employees retiring on or after July 1, 1998, who are age 65 or over, will pay 15% of the applicable Medical Plan premium (including Dental and Vision); plus an additional 4% of the applicable Medical Plan premium (including Dental and Vision) for each year less than 20 full years of Credited Service. If a retiree elects to participate in a Medicare Risk Contract, the 15% premium will be waived; any additional premium for years of Credited Service less than 20 shall apply. In additional, retirees age 65 or over are required to enroll in and pay the cost of Medicare Part “B” or Medicare Part “C”.
Post-Retirement Medical. The nonqualified deferred compensation plan described in Section 4.06 will provide a cash benefit to Executive and his spouse with the intention that Executive and spouse use that benefit to purchase post-retirement medical insurance.
Post-Retirement Medical. Each Plan that provides medical or life benefits beyond an employee's termination of employment (other than as required by applicable Law) is disclosed on SECTION 4.11(h) of the Disclosure Schedule.
Post-Retirement Medical. If (a) the Executive retires prior to age 65 or (b) if the Executive's employment is terminated following a Change in Control and the Executive satisfies any of the conditions set forth in Sections 11.1(A), (B) or (C), FirstMerit will provide the following:
(A) Until the Executive attains age sixty five (65), FirstMerit will provide the Executive and his dependents with health care and major medical coverage that is comparable to the coverage that the Executive and his dependents are receiving on the date of the Executive's retirement or termination of employment. FirstMerit will pay one hundred percent (100%) of the cost of such coverage.
(B) On and after the Executive's sixty-fifth (65th) birthday, FirstMerit will provide the Executive and his dependents with the same health care and major medical coverage as the Executive and his dependents would have been eligible to receive under the FirstMerit Retiree Medical Plan had the Executive otherwise met the requirements for participation in such plan on the date of his retirement or termination of employment. FirstMerit and the Executive will share the cost of such coverage with the Executive paying the same percentage or amount of such cost as he would be required to pay under the FirstMerit Retiree Medical Plan, as in effect on his sixty-fifth birthday, based upon his years of service with FirstMerit.
Post-Retirement Medical. For a period of at least two (2) years from the Effective Time, Buyer shall extend to Non-Represented Acquired Employees, who at the time of the change are employed by Buyer at the Refinery, any and all changes that it shall make to its post-retirement medical plan that are consistent with changes extended to similarly situated employees in Buyer’s other refineries. This provision is subject to collective bargaining in the case of Represented Employees.
