RETIREE BENEFIT COVERAGE. If a full-time employee retires between ages 55 and 60 with thirty (30) or more years of service (85 points), the Company will pay one-half (½) the cost of the medical insurance until the employee reaches age 65. Further, if a full-time employee retires between ages 60 and 64 with thirty (30) or more years of service (90 points), the Company will pay all of the cost of the medical insurance until he reaches age 65.
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RETIREE BENEFIT COVERAGE. If a full-time employee retires between ages 55 and 60 with thirty (30) or more years of service (85 points), the Company will pay one-half (½) the cost of the medical insurance until the employee reaches age 65. Further, if a full-time employee retires between ages 60 and 64 with thirty (30) or more years of service (90 points), the Company will pay all of the cost of the medical insurance until he the employee reaches age 65. This coverage will also be available for the employee's spouse.
Appears in 1 contract
Samples: Letter of Agreement
RETIREE BENEFIT COVERAGE. If a full-time employee retires between ages 55 and 60 with thirty (30) or more years of service (85 points), the Company will pay one-half (½) the cost of the medical insurance until the employee reaches age 65. Further, if a full-time employee retires between ages 60 and 64 with thirty (30) or more years of service (90 points), the Company will pay all of the cost of the medical insurance until he reaches age 65. This coverage will also be available for the employee’s spouse.
Appears in 1 contract
Samples: Purpose of Agreement
