Retired Employee Options Sample Clauses

Retired Employee Options. Employees who retire under the provisions of the County's retirement contract with the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health, dental and vision benefit portion of the health plan by advising the Director of Human Resources and advancing the full health insurance premium permitted by law. The retiree’s share of premium for the health benefit must be paid monthly and the premiums for vision and/or dental benefits must be paid quarterly for the employee (and dependents, if applicable). Employees with ten (10) years or more of compensated cumulative service with Butte County who, upon termination, immediately retire under the provisions of the County's contract with the Public Employees' Retirement System shall be eligible for the health benefit only coverage for themselves (employees only) to Medicare Supplemental Qualifying Age. For up to the first year of retirement, PERS members subject to this Memorandum of Understanding shall be entitled to twelve (12) months of reimbursable health premiums immediately following retirement. After the first year of retirement, miscellaneous members may choose one of the following two options:
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Retired Employee Options. Employees who retire under the provisions of the County's retirement contract with the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan by advising the Director of Human Resources and advancing the full premium for health only coverage in a manner prescribed by the Director of Human Resources. Employees with ten (10) years or more of cumulative service with Butte County who, upon termination, immediately retire under the provisions of the County's contract with the Public Employees' Retirement System shall be eligible for the health benefit only coverage for themselves (employees only) to the Medicare Supplemental Qualifying age. Under the following conditions, PERS members subject to this Memorandum of Understanding shall be entitled to twelve (12) months of reimbursable health premiums immediately following retirement. In addition, members are permitted as an option to the sick leave buy-back plan specified in Section 11.07 of this memorandum one of the following choices: 1) to receive one (1) month of reimbursable health only premium for each day of sick leave on accrual at the date of retirement; or 2) to receive one (1) month of reimbursable health only premium for each two and one-half (2 1/2) days in excess of thirty (30) days accrued sick leave to cover both employee and spouse to age 65; or 3) one (1) month of reimbursable health plan benefits (employee only) will be granted for each day of accrued sick leave until the sick leave credit is exhausted or the employee reaches the Medicare Supplemental Qualifying age; and one (1) month of reimbursable health plan benefits for each one and one-half days in excess of thirty (30) days accrued sick leave to cover employee's spouse until the sick leave credit is exhausted or spouse reaches the Medicare Supplemental Qualifying age. Enrollment of employee's spouse will be postponed until a date to be determined, but only if the spouse is eligible for enrollment to the health plan, effective that date, pursuant to the Health Insurance Portability and Accountability Act (HIPAA). This election is irrevocable and will revert to employee only coverage if employee's spouse is not eligible for enrollment on the effective date cited above pursuant to HIPAA. The sick leave originally allocated for the coverage of the employee's spouse shall be forfeit if the employee's spouse is not enrolled in the health plan o...
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Retired Employee Options. Employees who retire under the provisions of the County's retirement contract with the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan by advising the Director of Human Resources and advancing the full health insurance premium for quarterly coverage for the employee (and dependents, if applicable). Employees with ten (10) years or more of compensated cumulative service with Butte County who, upon termination, immediately retire under the provisions of the County's contract with the Public Employees' Retirement System shall be eligible for the health benefit only coverage for themselves (employees only) to Medicare Supplemental Qualifying Age (MSQA). Under the following conditions, PERS members subject to this Memorandum of Understanding shall be entitled to twelve (12) months of reimbursable health premiums immediately following retirement. In addition, members are permitted as an option to the sick leave buy-back plan specified in Section 11.07 of this memorandum one of the following choices:
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Retired Employee Options. The Public Employees' Retirement System (PERS) contract allows unused accumulated sick leave to be converted to service time per Government Code Section 20862.8. This option is available to all employees and limited, for those employees who do not use all of their accrued sick leave conversion options for sick leave buy-back or health plan coverage, to that portion of the sick leave not actually used for the selected option. Employees who retire under the provisions of the County’s retirement contract with the Public Employees’ Retirement System (PERS) may continue to insure themselves and their insured dependents for the health, dental and vision benefit portion of the health plan by advising the Director of Human Resources and advancing the full health insurance premium permitted by law. The retiree’s share of the premium for health benefit must be paid monthly and the premiums for vision and/or dental benefits must be paid quarterly for the employee (and dependents, if applicable). Employees with ten (10) years or more of compensated cumulative service with Butte County who, upon termination, immediately retire under the provisions of the County’s contract with the Public Employees’ Retirement System shall be eligible for the health benefit only coverage for themselves (employees only) to the Medicare Supplemental Qualifying Age under the following conditions.’ For up to the first year of retirement, PERS members subject to this Memorandum of Understanding shall be entitled to twelve (12) months of reimbursable health premiums up to the Medicare Supplemental Qualifying Age. After the first year of retirement, miscellaneous members may choose one of the following options as allowed under Section 18.03:
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Retired Employee Options. Employees who retire under the provisions of the County's retirement contract with the California Public Employees' Retirement System (CalPERS) may continue to insure themselves and their insured dependents for the health, dental and vision benefit portions of the health plan by advising the Director of Human Resources and advancing the full health insurance premium permitted by law. The retiree’s share of premium for the health benefit must be paid monthly and the premiums for vision and/or dental benefits must be paid quarterly for the employee (and dependents, if applicable). Employees with ten (10) years or more of compensated cumulative service with Butte County who, upon termination, immediately retire under the provisions of the County's contract with the CalPERS shall be eligible for the health benefit only coverage for themselves (employees only) to Medicare Supplemental Qualifying Age (MSQA) . For up to the first year of retirement, CalPERS members subject to this MOU shall be entitled to twelve (12) months of reimbursable health premiums immediately following retirement. After the first year of retirement, miscellaneous members may choose one of the following two options:
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Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.
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Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s PERS medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees’ Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty ($160) retiree contribution. State Disability Insurance. Management/Mid-management employees participate in the State Disability Insurance program. All premium costs are borne by the Employee. Section 125 Plan - The City agrees to maintain the Internal Revenue Section 125 Premium Only Plan.
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Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s medical premium in accordance with NCGTSF/Teamsters Retiree Trust regulations. Employees who retire under the provisions of the City’s retirement contract with the NCGTSF/Teamsters Retiree Trust may continue to insure themselves and their insured dependents for the health benefit portion of the health plan. Retirees who are not Medicare eligible can enroll in Select Plus or enroll with the Teamsters Retiree Trust health plan. Retirees who are Medicare eligible can only enroll in Teamsters Retiree Trust. The employee/retiree shall remit payment to the portion not paid by the City’s one hundred sixty dollars ($160) retiree contribution. The City will pay towards NCGTSF/Teamsters Retiree Trust medical $160 per month as long as the annuitant is participating in a NCGTSF/Teamsters Retiree Trust medical plan. Payments will be in accordance with NCGTSF/Teamsters Retiree Trust Policies. The City agrees to allow a Medical Insurance Fund to be chosen by the unit and employees can participate through a payroll deduction at their own cost. The City reserves the right to decline a plan if it is cost prohibitive to the City. • SDI. - Police Unit employees participate in the State Disability Insurance Program. All premium costs are borne by the employee. • Section 125 Plan - The City agrees to maintain the Internal Revenue Section 125 Premium Only Plan.
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Related to Retired Employee Options

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Retired Employees A. Employees who retire under the Florida Retirement System shall be eligible, upon request, to receive on the same basis as other employees the following benefits at the University, subject to University Regulations and policies:

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the Board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of the leave.

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Long-Term Disability (Employee Paid Plans)

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

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