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 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. Beginning October 1, 2018, the Town will pay a maximum contribution of $133 per month to CalPERS for each eligible annuitant towards the purchase of medical insurance. Beginning January 1, 2019, tThe 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. (1) Buyer will assume all liabilities, obligations, and responsibilities with respect to providing post-retirement health and life insurance benefits (“Post-Retirement Welfare Benefits”) to (i) the persons listed on Schedule 7.9(e)(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 date hereof, 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(e)(ii)(D)(1). Effective as of the Closing Date and for a period continuing for at least two years thereafter (the “Benefit Continuation Period”), Buyer will continue to provide to the Current Retirees Post-Retirement Welfare Benefits that are comparable to or more favorable in the aggregate than those Post-Retirement Welfare Benefits provided to such Current Retirees immediately prior to the Closing Date, under cost-sharing structures that are at least as favorable as the cost-sharing structures in effect for and available to the Current Retirees immediately prior to the Closing Date. For a period continuing at least through the last day of the Benefit Continuation Period, Buyer will provide to the Grandfathered Active Employees Post-Retirement Welfare Benefits that are comparable to or more favorable in the aggregate than those Post-Retirement Welfare Benefits that would have been available to such Grandfathered Active Employees immediately prior to the Closing Date, commencing at the time such Grandfathered Active Employees retire under cost-sharing structures that are at least as favorable as the cost-sharing structures in effect for and available to the Grandfathered Active Employees immediately prior to the Closing Date (if such employees had retired immediately prior to the Closing Date). For the avoidance of doubt, any Grandfathered Active Employee who earns 1,000 hours of service with Seller in the calendar year in which the Closing occurs will be given a year of credit for such service for purposes of Seller’s Post-Retirement Welfare Benefits. Following the Benefit Continuation Period, Buyer may exerci...
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. Retiree benefits shall be provided subject to modification through the collective bargaining process at the end of this term, as follows:
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. 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. 1. Health coverage made available from early retirement (age 55 or later) until attainment of age 65 ("bridge" to Medicare eligibility). Applicable to bargaining unit members only.
