Retired Benefits Sample Clauses

Retired Benefits. If approved by the insurance underwriters, and if there is no increased cost in premium to the Board, a member who retires from the Board prior to age 65, or is on LTDI, may retain membership in any Group Benefit Plans to which he belonged to at the time of retirement, or is placed on LTDI, until he attains the age of 65 years. The retired member and/or the members on LTDI must pay full premium cost to maintain his participation and coverage under the group contracts.
Sample 1Sample 2
AutoNDA by SimpleDocs
Retired Benefits. 1. All firefighters who retire after November 1, 1980, after twenty (20) years or more of service with the Fire Department will receive at no cost medical health insurance. The medical health insurance provided for will be the same Blue Cross/Blue Shield Classic Plan provided for in the 1978-1979 Agreement between the Union and the City but shall not include the prescription drug rider or the United Health Plan with riders. This medical health insurance will remain in effect until such time as the retired firefighter secures employment elsewhere with equivalent medical health insurance or until he/she is eligible for Medicare or other federally subsidized programs. Additionally if a retired firefighter receives such equivalent medical health insurance held by a spouse, the City of Cranston shall not be required to provide said medical health insurance for the retired firefighter. 2. Effective July 1, 2001: All firefighters who have retired after twenty (20) years or more of service with the Fire Department shall have the option to switch their fully-paid medical health insurance from the Blue Cross/Blue Shield Classic Plan 696 as provided for in the 1978-1979 Agreement between the Union and the City or the United Health Plan with riders to the Blue Cross/Blue Shield Healthmate Coast to Coast Plan that includes Blue Cross PPO Network and contains riders for student coverage to age 25, vision care, outpatient services, inpatient services, emergency services and mental health and substance abuse care services.
Sample 1
Retired Benefits. Upon retirement, members with at least five continuous years' coverage immediately preceding retirement are covered by Life Insurance for the first twelve calendar months following the month in which retirement commenced and Life Insurance thereafter. Effective September employees who are or more and have age plus service of years or more who elect to take early retirement will have Prescription Drug Plan, Vision Care and Dental Plan coverage until age Employees who become disabled, and in receipt of a benefit from the Plan, will remain covered by the Benefits provided them at the onset of disability while so disabled, up to the Maximum Benefit Period of the Program described herein. If the disability is compensable by then the benefits described herein will be continued for months or cessation of Benefits, whichever is earlier.
Sample 1
Retired Benefits. The Calgary Board of Education Retired Employees Benefit package available to all eligible employees covered by this agreement. Page Teachers who have reached fifty-five (55) years of age, but have not as yet reached sixty-five (65) years of age, and have at least ten (10) years of service with the Board, shall at the time of retirement, be provided with the option to participate the Calgary Board of Education Retired Employee's Benefit Package. The package includes supplementary health care, dental coverage and life insurance coverage until the employee reaches the age of sixty-five (65) and a paid up life insurance policy issued following the employee's birthday. It also includes a one year subscription to Foresight Magazine insofar as this publication available. The cost sharing of this package, as determined by the retired length of service with the Board at the time of retirement, as follows: Length of Service of Premiums Paid by Board + years years years
Sample 1

Related to Retired Benefits

  • Covered Benefits Benefits for Bone Mass Measurement for the prevention, diagnosis, and treatment of osteoporosis are covered when requested by a Health Care Provider for a Qualified Individual.

  • Insured Benefits A transferring employee will be covered by the benefit plans at the designated Employer. There will be no break in coverage and/or no waiting period prior to being able to receive benefits so long as the waiting period has already been served, subject to the requirements of the carrier.

  • Accrued Benefits The term “Accrued Benefits” shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Survivors Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • 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.

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!