Retiree Health. The Town provides retiree health benefits in accordance with the PEMHCA for employees who qualify as eligible PERS retirees who receive a PERS retirement allowance and are PEMHCA annuitants entitled to such benefits under the PEMHCA. The Town’s maximum monthly contribution for each eligible annuitant shall be equal to the minimum employer contribution required under the PEMHCA, currently $149 per month, as may be adjusted by CalPERS from year to year. The provisions of PEMHCA will govern medical insurance coverage for annuitants.
Retiree Health. The Town provides retiree health benefits in accordance with the Public Employees’ Medical and Hospital Care Act (PEMHCA) for employees who qualify as eligible PERS retirees who receive a PERS retirement allowance and are PEMHCA annuitants entitled to such benefits under the PEMCHA. Beginning July 1, 2018, the Town will pay a maximum contribution of $133.00 per month to CalPERS for each eligible annuitant towards the purchase of medical insurance. Beginning January 1, 2019, the Town’s maximum monthly contribution for each eligible annuitant shall be equal to the minimum employer contribution required under the PEMHCA, as may be adjusted by CalPERS from year to year. The provisions of the PEMHCA will govern medical insurance coverage for annuitants.
Retiree Health. (1) Buyer will assume the liability, obligation, and responsibility with respect to providing post-retirement health and life insurance benefits in accordance with this Section 7.9(d)(ii)(D), Section 7.9(a), and Schedule 5.12(g) (“Post-Retirement Welfare Benefits”) to (i) the persons listed on Schedule 7.9(d)(ii)(D)(1) and any Business Employee who retires between the date hereof and the Closing Date (such listed persons and Business Employees, the “Current Retirees”) and their spouses and eligible dependents, and (ii) the Business Employees who have, as of the Closing Date, satisfied the age and service eligibility requirements for Post-Retirement Welfare Benefits under the applicable Seller plans (the “Grandfathered Active Employees” and, together with the Current Retirees, the “Grandfathered Individuals”) and their spouses and eligible dependents. The Grandfathered Individuals as of the date hereof are listed on Schedule 7.9(d)(ii)(D)(1). Effective on the Closing Date and for a period continuing at least through the last day of the calendar year that follows the calendar year in which the Closing Date occurs (the “Benefit Continuation Period”), Buyer will provide to the Current Retirees Post-Retirement Welfare Benefits that are comparable in the aggregate to those Post-Retirement Welfare Benefits provided to such Current Retirees immediately prior to the Closing Date, at a premium rate that is at least as favorable as the premium rate in effect for and available to the Current Retirees immediately prior to the Closing Date (subject to cost increases in accordance with Seller’s past practice), provided that Buyer will provide a premium reduction credit to each Current Retiree (and surviving spouse of any Current Retiree) equal to the premium reduction credit accrued by such Current Retiree as of the Closing Date under the Seller’s Post-Retirement Welfare Benefit plans, if any. Buyer will provide to the Grandfathered Active Employees, for a period commencing at the time such Grandfathered Active Employee retires and continuing at least through the last day of the Benefit Continuation Period, Post-Retirement Welfare Benefits that are comparable in the aggregate to those Post-Retirement Welfare Benefits that would have been available to such Grandfathered Active Employees immediately prior to the Closing Date (if such employees had retired immediately prior to the Closing Date), at a premium rate that is at least as favorable as the premium rate in effect f...
Retiree Health. Notwithstanding whether Separation occurs on or prior to April 4, 2008 and Section 21 hereof, upon termination of employment at any time for any reason other than Cause, Executive shall be entitled to access to retiree health coverage from Metavante Technologies, if any, on the same terms and conditions as if Executive had satisfied the minimum age and service conditions for such coverage as of the Effective Date, provided however, that Executive shall pay the entire premium (including any administrative costs) for such coverage unless Executive qualifies for a subsidy based on his actual age and actual service with Metavante Technologies, it being understood that this Section 9(c) shall cease to apply in the event that Metavante Technologies no longer provides such coverage.
Retiree Health. Section 1. If this Article is declared by a court of competent jurisdiction to be unenforceable, the monies specified herein will be used for a purpose that benefits the bargaining unit and that is mutually approved by the Union and the City.
Retiree Health. The County and the Union agree to establish a VEBA or Retirement Medical Trust by January 1, 2007, or as soon as possible thereafter.
Retiree Health i. For the period July 1, 2019 to June 30, 2020 only, bargaining unit members who notify the district by April 1, 2020 of his/her intent to retire, shall be permitted access to the District’s health insurance plan as it exists for bargaining unit members. Upon retirement, the District shall pay 55% of the premium for a single plan with the retiree paying the remaining costs until age 65. The parties agree to adhere to the rules of the health insurance provider. For the purposes of this section of the Agreement, a ‘retiree’ shall be defined as an employee who is at least sixty (60) years of age at the time of retirement and has provided fifteen (15) or more years of continuous service in the bargaining unit immediately prior to retirement. The bargaining unit members must be in good standing and satisfied the terms of their contact.
Retiree Health. For unit members having a combined consecutive years of full time Academy service plus their age equaling 75 or more, who elect to retire during the life of this Agreement, the Academy will provide a one-time cash payment equal to three thousand dollars ($3,000) times the number of full years until the member reaches the age of Medicare eligibility or age sixty-five (65) whichever occurs first, up to a maximum of fifteen thousand dollars ($15,000) in order to assist such member in the defrayal of health insurance costs during the period between retirement from the Academy and eligibility for Medicare. This benefit is not intended for employees who leave the Academy to continue their careers in education or in their fields of specialty. This benefit is only intended for those who actually retire and will be paid six (6) months after the employees' retirement, provided the employee has actually retired from full time work.
A. Wages
Retiree Health. The Company does not maintain any plan or -------------- arrangement that provides post retirement medical benefits, post retirement death benefits or other post retirement welfare benefits, other than to the extent required by Part 6 of Title I of ERISA.
Retiree Health.
A. Creation – A Retiree Medical Trust Fund (RMT) will be established by the Association/Union for eligible employees in the Bargaining Unit. The Trust will comply with all of the provisions of Section 501(c) (9) of the Internal Revenue Code (IRC). The Trust shall be administered by a Board of Trustees who manages resources of the Trust and determines applicable administrative fees for managing the Trust Fund. The Trustees insure that payments of qualified medical expenses incurred by participants (eligible employees who have separated from County service for reasons other than disability or death) or their eligible dependents as defined by IRC Section 152 are properly reimbursed. The County shall withhold a mandatory contribution of $50.00 per pay period on a pre-tax basis from the pay of every employee who is a member of the Bargaining Unit. These contributions shall be included as salary for the purpose of calculating pension benefits, to the extent this does not jeopardize the pre-tax treatment of the contributions, and remitted according to Article 10, Section 4.D below. All of the distributions from the Trust Fund made to participants or their eligible dependents for the reimbursement of qualified medical expenses as defined by the Internal Revenue Codes (including qualified medical insurance payments) will also be non-taxable to the participants or the eligible dependents.
