Common use of Retiree Benefits for Employees Clause in Contracts

Retiree Benefits for Employees. Retiring Prior to July 1, 2000 Who Are Not Eligible for Medicare 7.5.3.1 When a combination of the retiree’s age and years of service are equal to or greater than seventy-five (75) at the time of retirement and retiree is not eligible for Medicare benefits, the Employer’s monthly contribution shall be one-half (1/2) of the total contribution, but not to exceed eighty dollars ($80.00). 7.5.3.2 When a combination of the retiree’s age and years of service are equal to or greater than eighty (80) at the time of retirement and the retiree is not eligible for Medicare benefits, the Employer’s monthly contribution shall be one hundred dollars ($100.00) per month.

Retiree Benefits for Employees. Retiring Prior to July 1, 2000 Who Are Not Eligible for Medicare 7.5.3.1 7.4.3.1 When a combination of the retiree’s age and years of service are equal to or greater than seventy-five (75) at the time of retirement and retiree is not eligible for Medicare benefits, the Employer’s monthly contribution shall be one-half (1/2) of the total contribution, but not to exceed eighty dollars ($80.00). 7.5.3.2 7.4.3.2 When a combination of the retiree’s age and years of service are equal to or greater than eighty (80) at the time of retirement and the retiree is not eligible for Medicare benefits, the Employer’s monthly contribution shall be one hundred dollars ($100.00) per month.