Post Retirement Medical and Dental Benefits Sample Clauses

Post Retirement Medical and Dental Benefits if the Executive is age 51 or older as of the Effective Date, he will become eligible on the later of the first of the month following the Effective Date or the first of the month following his 55th birth date, to apply for medical, extended health and dental benefits on the basis of treatment equivalent to that being received by an employee of the Corporation who retired on the Effective Date.

Post Retirement Medical and Dental Benefits. (1) To be eligible to receive post-retirement health benefits, an employee must have at least ten (10) years of service with the District. Years of service is defined as cumulative years of service with the District, which may or may not be consecutive years. Employees, who retire from the District and meet the service requirement (2) The benefit paid by the District is capped as listed below: Monthly Caps If the premiums increase above the monthly cap, the retiree will pay the difference between the new premium and their percent of benefit established upon retirement multiplied by the cap. Example: A person retiring at age 55 with 19 years of service would have 95% of the retiree and dependent caps paid by the District. If initially the premium for individual only was $340, the retiree would pay 340 – (95% x $340) (3) Retiree cannot leave the plan and then come back. Once time is broken on the plan, the employee or retiree cannot come back on the medical plan.

Post Retirement Medical and Dental Benefits the Executive will become eligible on the later of the first of the month following the Date of Termination or the first of the month following his 55th birth date, to apply for medical, extended health and dental benefits on the basis of treatment equivalent to that being received by an employee of the Company who retired on the Date of Termination.

Post Retirement Medical and Dental Benefits. (1) The plan is the same as the current employees' medical plan except for a $500 deductible per person compared to a $400 deductible per person for employees. It is based on the ElectREcomp medical plan with $500 deductible per person. Percent of Premium Paid Years of Service by District (2) The benefit paid by the District is capped as listed below: (3) Retiree cannot leave the plan and then come back. Once time is broken on the plan, the employee or retiree cannot come back on the medical plan. (4) If the retiree is paying for part of the medical coverage it will be done through an electronic fund transfer from the retiree's account on a monthly basis. (5) When the retiree is eligible for Medicare, it is mandatory that the retiree enroll for that coverage. (6) If the District changes the plan or coverages through the collective bargaining process, those will apply to retirees also. (7) The vision benefit will remain the same without any monthly caps