Retiree Benefit Options Sample Clauses

Retiree Benefit Options. The District shall contribute a maximum of $10,000.00 towards the “employee only” medical premium. The District contribution benefit amount shall be available for a maximum of ten (10) years or Medicare eligibility or exhaustion of the individual retiree’s benefit amount, whichever occurs first. To be eligible, an employee must have a minimum of fifteen (15) years of service credit in the Romoland School District. Leaves, not to exceed one year, taken under the provisions of the Collective Bargaining Agreement, shall not constitute a break in service. The retiree must be at least fifty-five (55) years of age and drawing STRS/PERS benefits. Unit members shall have the option to cover their spouse at their cost, provided the spouse is eligible for coverage. The District shall set aside a dollar amount in accordance with the yearly amount recommended through the Xxxxxx actuarial study and adjust it in accordance with future actuarial study requirements. The bargaining teams shall annually examine the set-aside amount and review the demand on the amount in order to consider the adequacy of funding.
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Related to Retiree Benefit Options

  • 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.

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

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