Retiree Health Benefit for Eligible Retirees Sample Clauses

Retiree Health Benefit for Eligible Retirees. Hired before August 22, 2018 15.8.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 The employee retired from the Town taking a service or disability retirement from CalPERS as a retiree receiving a CalPERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Retiree Only and 90% of the difference between the Xxxxxx Region 1 Retiree Only and Xxxxxx Region 1 Retiree & One Dependent level of participation. For the Retiree & Two Plus Dependents Plan, the Town will pay $1,947.16 per month, as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution.. 15.8.5 The Town’s contribution towards retiree health insurance set forth in Section 15.7 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.4). 15.8.6 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.4) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Senior Advantage Region 1 Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & One Dependent or 90% for Retiree & Two Plus Dependents less the amount of the employee contribution provided under Section 15.7 (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 The benefits described by this Section (15.8) will be provided to annuitants through CalPERS by means of a Health reimbursement Account (HRA).
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Retiree Health Benefit for Eligible Retirees. Hired After October 1, 2018
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Retiree Health Benefit for Eligible Retirees. Hired After October 1, 2018 11 15. Uniforms 129 16. Mileage Reimbursement 129 17. Payroll Periods 129 18. Paychecks 129 19. Deferred Compensation 120 20. Overtime 1210 21. Duty Extension 1310 22. Call Back 1310 23. Vacation Schedule 1311 23.1 Vacation and Overtime Cash-Out 11 24. Vacation and Overtime Compensatory Time Off Cash-Out 14 23.25. Shift and Vacation Selection Procedures 1411 24.26. Holidays and Holiday Pay 1411 25.27. Personal Leave 1512 26.28. Sick Leave 1512 27.29. Sick Leave Cash-Out Program 1512 298.1 Annual Sick Leave Cash-Out for Employees Hired Prior to October 1, 2018 152 298.2 Sick Leave Cash-Out Upon Termination for Employees Hired Prior to October 1, 2018 152 298.3 Unused Sick Leave Upon Retirement 1613 28.30. Military Leave 1613 29.31. Bereavement/Compassion Leave 1613 30.32. Leave Without Pay 1613 31.33. Accrual of Benefits 174 32.34. Workers’ Compensation 174 33.35. Jury Duty 174 34.36. Outside Employment 174 35.37. Residency Requirement 174 36.38. Layoff Policy 174 37.39. Vehicles 174 38.40. Promotions 184 39.41. Probationary Period 185 40.42. Performance Evaluations 185 41.43. Reinstatement 195 42.44. Re-employment 195 43.45. Grievance Procedures 196 44.46. Attendance 2017 45.47. Completeness of MOU 2017 46.48. Association Notification or Communications 2017 49. Labor-Management Committee 20 47.50. Catastrophic Time Bank 2017 48. Reopener 17 49.51. Me Too Clause 2117 Update of Personnel Rules 17 Salary Schedule Exhibit A The authorized representatives of the Town of Los Gatos, hereinafter referred to as the "Town" and the authorized representatives of the Town of Los Gatos Police Officers Association hereinafter referred to as "Association" do jointly accept and agree to all the terms and conditions of employment set forth in this comprehensive memorandum of understanding pursuant to Town Resolution 1974-41 of the Town of Los Gatos. This understanding shall apply to represented employees assigned to those classifications listed on Exhibit A when classifications are created which fall under the representation of POA, this understanding shall also apply. The terms and conditions of employment set forth in this understanding have been discussed in good faith by the authorized representatives of the Town and the authorized representatives of the Police Officers Association. They agree to recommend acceptance by the employees of all terms and conditions set forth herein. Following said acceptance by the Association, authorized represe...
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Related to Retiree Health Benefit for Eligible Retirees

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Supplemental Executive Retirement Plan The Executive will participate in the Rockland Trust Supplemental Executive Retirement Plan (“SERP”), a non-qualified plan on terms and conditions and with benefits comparable to those applicable and available to similarly situated executives of the Company.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

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