RETIREE GROUP INSURANCE Sample Clauses

RETIREE GROUP INSURANCE. Educational Support Professionals who have been employed with the district for 10 years and at least 55 years of age, upon early retirement under this article, shall be eligible to remain in the group health and hospitalization insurance plan until Medicare eligible if permitted under the policy provisions, provided the Educational Support Professional shall pay the entire premium after termination of employment. The Educational Support Professional shall pay the premium at such time and under such procedures as established by the School District.
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RETIREE GROUP INSURANCE. Regular full-time employees who: (a) participated in the group insurance program described in Section 14.1 immediately prior to their retirement, and (b) retire at an age and after sufficient years of credited service with the City to be eligible for full retirement benefits under the City's retirement plan sponsored by the MERS, or (c) retire under the disability retirement provisions of the City's retirement plan sponsored by the MERS, shall be eligible to remain in that group insurance program, provided they are permitted by any relevant insurance carrier to continue such participation. The participation may include eligible dependents (if elected), but it shall be subject to the following additional terms and conditions. (a) The participation shall cease upon the happening of any of the following events, whichever occurs first: (1) the retired employee attains the age of sixty-five (65); (2) the retired employee becomes eligible to be covered under a group hospital-medical insurance program provided by another employer, whether such eligibility results from employment by the retiree or the retiree's spouse; or (3) the retired employee's death. (b) The cost of such group insurance for such retired employees (including eligible dependents, if elected) shall be paid one hundred percent (100%) by the retired employee. The retired employee's payment of the cost of such insurance shall be deducted from any payments made to the retired employee from any of the City's retirement plans. If the retired employee's retirement plan payments are not large enough to cover the cost of such insurance, the retired employee shall, in a timely manner, deposit with the City's Finance Director or the designee thereof such monies as are necessary to cover the cost of such insurance. The retired employee's failure to do so shall terminate the City's obligation to pay its share of the cost and shall terminate the retired employee's further panicipation in the program.

Related to RETIREE GROUP INSURANCE

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Retiree Insurance Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Workers’ Compensation Coverage Consultant certifies that Consultant has qualified for workers’ compensation as required by the State of Oregon. Consultant shall provide the Owner, within ten (10) days after execution of this Agreement, a certificate of insurance evidencing coverage of all subject workers under Oregon’s workers’ compensation statutes. The insurance certificate and policy shall indicate that the policy shall not be terminated by the insurance carrier without thirty (30) days’ advance written notice to City. All agents or Consultants of Consultant shall maintain such insurance.

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

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