Retiree Health Care Coverage. Retiree Health Care coverage will be provided under the same terms and conditions as it is provided to non-represented employees.
Retiree Health Care Coverage. Employees retiring during the term of this agreement will be entitled to coverage under the basic MSP plan and EHP Retiree Plan. Coverage is for the retiree and their dependents. The premiums for this coverage will be paid by the Company for the life of the retiree only.
Retiree Health Care Coverage. 11.6.1 The District shall pay the following percentages for health care coverage for eligible retirees with ten (10) or more years of district service: 60% for the employee 40% for dependent coverage.
11.6.2 This 60/40 coverage will be for the retirees who retiree on or after 7/1/99 and continue with Family coverage, if they have to cover dependents. However, if they select 2 individual plans for coverage instead of a Family Plan the district will pay 70% on the retiree and 40% on the spouse. Also the single retiree who retires after 7/1/99 will have 70% of the cost covered by the district.
11.6.3 Employees do not have to participate in the plan for ten (10) years and may join at any time prior to retirement.
Retiree Health Care Coverage. The Executive shall be entitled to retiree health care coverage for himself and his spouse for 15 years after termination of the Executive's employment, as follows: (1) until the Executive attains age 65, the retiree health care coverage shall be substantially identical to the coverage maintained on the date of termination of the Executive's employment, and (2) after attaining age 65, PremierWest will pay or reimburse the Executive for the costs of Medicare Part B medical insurance coverage. Anything herein to the contrary notwithstanding however, the Executive shall not be entitled to retiree health care coverage if the Executive's employment terminated with Cause or if the Executive terminated employment without Good Reason before attaining age 65 (except as provided in Section 7.1(b)). If the Executive dies before age 65 or within 15 years after termination of employment, the Executive's spouse shall continue to receive retiree health care coverage on the same terms and conditions that the Executive would have; provided, however, such spousal coverage will expire no later than 15 years after termination of the Executive's employment.
Retiree Health Care Coverage. Executive shall be eligible to participate in the Retiree Health Plan in accordance with its terms and conditions. For purposes of determining whether the Executive has met the Retiree Health Plan’s eligibility requirements, the Executive’s prior periods of employment with organizations that provide services similar to the Company shall be taken into account. If for any reason the Executive is unable to participate in the Retiree Health Plan, then the Company shall pay to the Executive each month an amount equal to the Retiree Health Plan’s “Monthly Cost.” Assuming that the Executive had participated in and received coverage under the Retiree Health Plan, the Monthly Cost shall equal the Company’s hypothetical monthly cost of providing such coverage. After the Executive attains age 65, the Retiree Health Plan shall be secondary to Medicare.
Retiree Health Care Coverage. As a qualified retiree, you are eligible to purchase continued retiree health care coverage under the Steelcase Inc. Employee Benefit Plan and the company agrees to pay you the amount of Twenty Five Thousand Dollars ($25,000) upon the effective date of your retirement for the differential in retiree health care premiums as a result of retiring before age 65.
Retiree Health Care Coverage. Employees hired before September 1, 2004. For employees hired before September 1, 2004 the District will continue to provide health care coverage in accordance with the agreement between the District and Cal PERS Health Benefit Program in place on January 1, 2004.
Retiree Health Care Coverage. Employees hired before September 1, 2004.
Retiree Health Care Coverage. 3.1 The Fund is established for the purpose of providing Executive a source of funds through which retiree health care coverage (“retiree health coverage”) may be purchased from the Health Care Plan by Executive, provided Executive is eligible for retiree coverage and benefits under Section 2.08 of the Health Care Plan (an eligible employee is defined as a “Retired Participant” in Section 1.60 of the Health Care Plan, as amended through July 29, 2004). The Trustee shall be under no independent duty to determine, or confirm, the eligibility of the Executive to receive retiree coverage and benefits under the Health Care Plan, but instead, shall be directed in writing by the Company as to the eligibility of the Executive thereunder, and the Trustee may rely on such directions without further inquiry. The Fund shall be managed and administered as follows:
(a) An amount anticipated to be sufficient to pay the actuarially projected cost of retiree health coverage has previously been deposited to the Fund by U.S. Trust as trustee under the RHCA Trust, and the amounts so deposited shall be invested in such manner as the Company, as agent for the Executive, reasonably determines will satisfy the actuarially-projected cost of such retiree health coverage, including without limitation, the purchase of insurance on the life of the Executive that provides an inside buildup to the owner.
(b) Although it is anticipated that there will be no further contributions to the Fund, pursuant to Section 1.3 the Company may make additional contributions to the Fund. To the extent the Company contributes any additional amount to the Fund, the Executive may elect, for a period of thirty (30) days after deposit, to withdraw such contribution from the Fund for any use or purpose; provided that after such thirty (30) day period expires, such contribution (inclusive of any earnings thereon) shall in all events be subject to the terms and conditions of this Section 3.1, and may not be withdrawn from the Fund by the Executive or used for any purpose other than the purchase of retiree health coverage for the Executive and eligible dependents, as provided in subsection (c) below (or, if applicable, Section 3.2). In the event any such funds are withdrawn by Executive during such thirty (30) day period, no further or additional contributions to the Fund shall or may be made by the Company. The Company shall in all events reimburse the Executive for the estimated income and other taxes due on ...
Retiree Health Care Coverage. Town will pay up to the same per capita amount for a Healthmate product, or in lieu of the foregoing at the officer’s option, a Blue Chip product each as and if available from Blue Cross/Blue Shield of Rhode Island, from the date of their retirement until such time as they secure employment which provides reasonably comparable medical insurance or until they are eligible for Medicare or other Federal Programs. Health insurance coverage shall be suspended if the retiree receives reasonably comparable medical insurance pursuant to a policy held by the retiree's spouse. At any time a retiree's health benefits are suspended due to either employer provided coverage or coverage held by a spouse, when said employment or spousal coverage ends, for whatever reason, health benefits provided hereunder shall be reinstated as soon as practicable after the Town has been notified in writing by the retiree.
