Retiree Medical Contribution Sample Clauses

Retiree Medical Contribution. Pursuant to the Public Employees’ Medical and Hospital Care Act Program, the City will contribute the statutory minimum towards the payment of medical insurance premiums for members who retire from the City of Loma Xxxxx. The amount is adjusted annually by the CalPERS board to reflect any change in the medical care component of the Consumer Price Index.
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Retiree Medical Contribution. (a) Effective January 1, 1990, the City paid $1.00 per month for retirees in the Police Officer’s Association unit electing to participate in the CalPERS medical insurance program. The $1.00 per month amount increased each year by 5% of the minimum employer contribution as provided under Government Code Section 22892 of the Public Employees Medical and Hospital Care Act (PEMHCA). The City shall pay any mandated surcharge increases required by CalPERS. (b) Any employee who retires on or after December 1, 2004, and who has a minimum of twenty (20) years of service with the City of Manhattan Beach, shall receive a contribution of $300 per month. Any employee who retires from the City of Manhattan Beach on or after August 6, 2006, and who has a minimum of twenty (20) total years of service as sworn law enforcement in U.S. public agency (ies), with a minimum of ten (10) consecutive years at the City of Manhattan Beach in a sworn police status shall receive a contribution of $300 per month. Any employee who retires on or after December 31, 2007 from the City of Manhattan Beach and meets the qualifications above, shall receive a contribution of $400 per month. Said contribution will be used toward health insurance costs, unless and until the following occur: 1) The retiree reaches 65 years of age; or 2) The retiree becomes eligible for Medicare; or 3) The retiree dies.
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Retiree Medical Contribution. Employees hired by the Department before May 1, 2012 who subsequently retire with a minimum of five (5) years of service with the Department will receive a retiree medical benefit contribution equivalent to the amount necessary for actual enrollment in a single, two-party or three-party coverage up to the same maximum Department contribution for medical premiums as active employees. The five percent (5%) employee contribution does not continue into retirement.
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Retiree Medical Contribution. ‌ (1) Retiree medical benefits will be provided through the PERS medical plan after retirement to eligible employees who retire from the City of Larkspur as provided below. For the purpose of receiving this benefit, a “year of service” will be earned for every year an employee is assigned and regularly works an average of 30 or more hours per week. For employees who are assigned and regularly work LESS than 30 hours per week, “years of service” will be those calculated by CalPERS for the purposes of receiving apension. a) For an employee hired before 7/1/07 who retires from the City of Larkspur (City), is collecting a PERS retirement benefit, and: i) has completed10 or more years of service with the City, and the City will pay for the equivalent cost of Xxxxxx medical coverage for the employee. ii) has completed 15 or more years of service with City, the City will pay for the equivalent cost of Xxxxxx medical coverage for the employee and his/her spouse. To be eligible, the spouse must have been enrolled and receiving coverage through the City for at least 1 year before the employee retires from the City. If other retiree medical coverage is available to the spouse, that plan will providecoverage. b) For an employee hired after 7/1/07 who retires from the City, has completed 10 years of service with the City, and is collecting a PERS retirement benefit, the City will pay for the equivalent cost of Xxxxxx medical coverage for the employee only. (2) For employees hired after December 31, 2014, the City shall contribute for all retirees enrolled in a CalPERS PEMHCA health plan, the minimum employers’ contribution legally mandated under PEMHCA. In addition, the city shall contribute the following amounts to the Employee’s Retiree Health Savings Account (RHSA). An employee will vest in the RHSA upon the completion of their probationary period with the City. In January 2016, the parties will meet to discuss additional options for the employees to increase their RHS plan benefits. (3) Employees who otherwise retire from the City of Larkspur but do not qualify for City paid medical in retirement, as well as dependents of retirees, are allowed access, through the City, into the PERS medical plan after retirement in accordance with the rules established by XXXX. Such premiums will be paid for at the retiree’s expense.
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Retiree Medical Contribution. The Authority will provide access to health insurance benefits for those employees who retire from employment with the Authority and who constitute “annuitants” as defined by the PEMHCA. The Authority’s employer contribution towards health insurance benefits on behalf of each annuitant shall be in accordance with the provisions of Resolution No. 4-2003 and Government Code section 22892, subsection (c). The Authority’s contribution on behalf of an annuitant shall not exceed the Authority’s contribution on behalf of each employee, as set forth in Section 3.1.2 above. The provisions of the PEMHCA shall govern medical insurance coverage for annuitants. The monthly benefit for annuitants for calendar year 2021 is $143 and will increase annually in accordance with CalPERS regulations. \\ \\
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Retiree Medical Contribution. The City shall pay to the TEAMSTERS Health and Welfare Trust the amount of $60 per employee per month for the funding of retiree medical.
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Retiree Medical Contribution. The City’s contribution for retirees is determined by the California Public Employees Retirement System (CalPERS) in accordance with Section 22892 of the Public Employees’ Medical and Hospital Care Act (PEMHCA). The contribution amounts are subject to change each calendar year based on changes to the medical care component of the Consumer Price Index.
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Retiree Medical Contribution. Effective July 1, 2000, the City shall contribute to the Police Association Retiree Medical Trust Fund (or a similar retiree medical premium plan) an amount equal to the average annual cost, but not to exceed 1% of salary for the positions of Police Lieutenant or Police Captain. The City will make this contribution beginning with calendar year 2000. In doing so, the Police Management Association warrants that there are no legal barriers to the validity of the trust fund or to payment by the City to such a trust fund, and that by making any such payment, the City would assume no obligation or liability to the trust fund (or alternative plan) or its beneficiaries, or to the Police Management Association.
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Retiree Medical Contribution. Effective July 1, 2000, the City shall contribute to the Police Association Retiree Medical Trust Fund (or a similar retiree medical premium plan) an amount equal to the average annual cost, but not to exceed 1.6% of salary for the positions of Police Lieutenant or Police Captain. The salary total for the positions of Police Lieutenant and Police Captain will be, for the purposes of this calculation only, increased by 2%. In doing so, the Police Management Association warrants that there are no legal barriers to the validity of the trust fund or to payment by the City to such a trust fund, and that by making any such payment, the City would assume no obligation or liability to the trust fund (or alternative plan) or its beneficiaries, or to the Police Management Association.
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Related to Retiree Medical Contribution

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Retiree Medical (i) The Executive shall be entitled to receive retiree medical benefits during the Executive’s lifetime in accordance with the eligibility requirements, terms and conditions, and plan offerings for access to retiree medical benefits provided generally to full-time employees of the Company. The Executive may cover the individual who is the Executive’s spouse as of the date of the Executive’s termination of employment (the “Spouse”) and/or the individuals who are the Executive’s dependent children as of the date of the Executive’s termination of employment (the “Dependents”), to the extent eligible at the time of the Executive’s retirement, according to the terms and conditions of the Company’s retiree medical benefit plan. The cost of such benefits for the Executive, the Executive’s Spouse and eligible Dependents, will be 100% of the premiums and will be reimbursed by the Company on an annual basis up to the date the Executive reaches Medicare eligibility due to age, at which point such reimbursement will cease. Such reimbursement shall be made in accordance with the Company’s reimbursement practices, and in all events no later than December 31 of the year following the year in which the premiums were incurred, and in accordance with the other requirements of Code Section 409A and Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions). Depending on the plan, all or a portion of the reimbursement may be taxable. Such benefits shall include prescription drug coverage, but not dental or vision benefits unless included in the medical plan. (ii) Upon reaching Medicare eligibility due to age, Medicare shall become the primary payor of medical/prescription benefits for the Executive, the Executive’s Spouse or eligible Dependents as applicable, and the reimbursement of premiums for such coverage by the Company shall cease. (iii) The Company reserves the right to modify, suspend or discontinue any and all retiree medical plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers; provided that, if the Company terminates retiree access to medical and/or prescription benefits generally for retirees, the Executive shall be entitled to an annual reimbursement from the Company upon proof of continued coverage for comparable medical and/or prescription coverage under an individual policy or other group policy, subject to a maximum total reimbursement of one and one-half (1½) times the applicable premium of the plan in effect at the time retiree access is terminated at the applicable coverage level, and subject to maximum annual inflation adjustment thereafter of five percent (5%). (iv) Upon the death of the Executive, a surviving Spouse will continue eligibility and reimbursement as described above. Surviving Dependent children will not receive premium reimbursement beyond the COBRA continuation period. For all other COBRA qualifying events other than the death of the Executive, reimbursement will cease upon commencement of the COBRA continuation period.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • 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.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • 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.

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