- Retiree Benefits Prior to Age Sixty-Five (65) C and M Sample Clauses

- Retiree Benefits Prior to Age Sixty-Five (65) C and M. The Board will provide all the medical coverage to current and to future retirees who have completed fifteen (15) years of service until the retiree reaches age 65, which is provided to active bargaining unit employees. The Board will provide to the spouse of a retiree, until age 65, and other family members of the retiree, while eligible, all the medical coverage which is provided to active bargaining unit employees, even though the retiree is age 65 or older. 1. If a retiree, either prior to or after reaching age 65, takes other employment, which provides equivalent medical coverage, any of the medical coverage provided to the Board of Education in paragraphs 1 and 2 above, shall cease during the term of that other employment or any other future employment. The retiree shall immediately give notice of said equivalent medical coverage to the Director of Facilities’ office. However, if written notification is given to the Board by the retiree, spouse or eligible family member by certified mail, return receipt requested, that the retiree is no longer employed or that the employee no longer has equivalent medical coverage, the Board shall have its insurance carrier resume the dropped coverage when eligibility exists, as soon as the insurance carrier is able to put the coverage into effect. 2. Any retiree who began his/her employment with the Board on or after the date the 2007 – 2010 Agreement was signed who receives coverage under this section (or whose spouse or other family member receives coverage under this section) shall pay twelve percent (12%) of the cost associated with said coverage for him/herself and twenty-five percent (25%) of the cost associated with said coverage for a spouse or other family member. The provisions set forth in sections 10.4 and subsections 10.4 (1)(2) and (3) shall not apply to employees hired on or after July 1, 2017.
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Related to - Retiree Benefits Prior to Age Sixty-Five (65) C and M

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • 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.

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