Retiree Life Coverage Sample Clauses

Retiree Life Coverage. Upon attainment of age and upon approved retirement, a self insured Life Insurance Policy of two thousand dollars ($2,000) will be issued to the employee, provided that prior to retirement, the member has five or more years of continuous full-time service with the City. x annual salary, maximum benefit SICKNESS DISABILITY SEMI-PRIVATE RETIREE BENEFIT COVERAGE MAJOR MEDICAL HEALTH COVERAGE similar to that for active Salaried Non-Union employees including semi-private hospital coverage and excluding u untry coverage. Reimbursement is at the rate of per cent. The maximum out-of-pocket cost for single coverage is per year and per year for family. Thereafter, reimbursement is at per cent for the remainder of the year. BASIC DENTAL COVERAGE similar to that for active Salaried Union employees. Reimbursement is at the rate of per cent. The maximum out-of-pockets costs for single coverage is per year and per year for family. Thereafter, reimbursement is per cent for the remainder of the year. OPTIONAL MAJOR DENTAL COVERAGE with reimbursement similar to that for active Salaried Non-Union employees. LIFE INSURANCE maximum coverage PAID UP LIFE INSURANCE Upon attainment of age and upon approved retirement, a self insured Life Insurance Policy of two thousand dollars ($2,000) will be issued to the employee, provided that prior to retirement, the member has five or more years of continuous full-time service with the City. SURVIVOR BENEFITS CONTINUANCE Cost sharing maintained until employee’s birthday. Who is eligible? Those who immediately accept an pension Those who join the plan within days after retirement date Those less than age NOTE: ANNUAL MEETINGS The employee agrees to holding yearly meetings with representatives of the union and the City’s Manager of Compensation and Benefits, Manager of Human Resources and the Manager of Labour Relations, Health and Safety to address any issues with the benefit carrier’s adjudication of claims. The parties agree that should the City provide to other employee groups, other than Fire, health and life benefits improvements during the term of the collective agreement ending March the Board shall meet with the Union Executive for the purpose of providing the Union with the details of the revisions and allow the union the opportunity of having such revisions granted in their entirety to their union members. Appendix D LETTER OF UNDERSTANDING between THE PUBLIC LIBRARY BOARD and CANADIAN UNION OF PUBLIC EMPLOYEES, LOCAL RE: GOVERNME...
Sample 1
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Retiree Life Coverage. The Company will provide to eligible retirees who retire on or after August 1, 1990 a Post Retirement Death Benefit. A retired employee will be eligible for the Post Retirement Death Benefit only in the event that the retired employee has retired from the employ of the Company on a Normal Retirement Date, or an applicable Early or Disability Retirement Date. The Post Retirement Death Benefit will be the amount of $2,000 payable upon the death of an eligible employee who retired from the employ of the Company.
Sample 1

Related to Retiree Life Coverage

  • Retiree Coverage Pre-Medicare: Employees who retire on or after January 1, 2011, will be provided the same health care benefits, including but not limited to, cost sharing, that it provides to its active employees until the retiree becomes eligible for Medicare. In the event health care benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the last health care benefits plan in effect for retirees preceding the elimination of the plan shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides a health care benefits plan to active employees. Medicare: Retirees must enroll in the Part B Medicare program commencing on the date they first become eligible to participate in the program. Retirees shall be responsible for the cost of such coverage. The Employer shall make available to those retirees who are properly enrolled in the Part B Medicare Program as above provided, a Supplemental Plan, with a $100 deductible. Such Plan will have the same Rx drug benefits the County provides its active employees. In the event Rx drug benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the Rx drug benefits last in effect for retirees preceding the elimination of the Rx drug benefits for active employees shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides Rx drug benefits to active employees.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of $30,000 for all teachers employed half time or more. Any increases in coverage shall not be effective until the teacher reports or is able to report for work.

  • 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.

  • Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.

  • 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.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Employee Coverage For employee dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the employee premium of the State Dental Plan, or the actual employee premium of the dental plan chosen by the employee. However, for calendar years beginning January 1, 2019, the minimum employee contribution shall be thirteen dollars and fifty cents ($13.50) per month.

  • Continuation Coverage Consistent with state and federal laws, certain employees, former employees, dependents, and former dependents may continue group health, dental, and/or life coverage at their own expense for a fixed length of time. As of the date of this Agreement, state and federal laws allow certain group coverages to be continued if they would otherwise terminate due to:

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