Retiree Medical Insurance Contributions Sample Clauses

Retiree Medical Insurance Contributions. Employees who retire from the District after July 1, 2000, under the State Teachers’ Retirement System with a minimum of ten (10) years of District service shall be eligible to receive a District contribution. Such contribution shall be made for each eligible employee who elects to participate in the above plan. Employees who elect to avail themselves of such health insurance coverage will receive the payment from age 55 through age 64, if retired under the State Teachers’ Retirement System. To calculate the amount the following steps will be used: 1) Determine the difference of the monthly cap from $300.00. 2) Divide the difference in Step 1 by 9. 3) Multiply step 2 by the number of year’s Happy Valley employee is in excess of age 55. 4) Add the amount from Step 4 to $300.00 to determine the monthly district contribution towards the District insurance plan. The amount calculated becomes the fixed amount until age 65. (See Appendix D for table)
Sample 1
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Retiree Medical Insurance Contributions. The District will contribute to retiree medical (i.e. all current and future retirees of the CalPERS retirement plan) at a cost per month per retiree equal to the PEMHCA minimum required each year. In exchange, individuals that retire after April 1, 2002 will no longer be eligible for Article 8.06B of the District's Personnel Administrative Manual: enrollment in AARP Extended Medical Supplement or reimbursement of the premium paid by the retiree for medical coverage.
Sample 1
Retiree Medical Insurance Contributions. All sick leave, holidays, vacation, bereavement leave, personal leave, jury duty and other compensable hours will be counted as hours worked for the purpose of health and welfare eligibility.
Sample 1
Retiree Medical Insurance Contributions. Effective 7/1/2020, employees who retire from the District, under the Public Employees Retirement System, with a minimum of ten (10) years of District service, shall be eligible to receive a District contribution towards their retiree insurance premiums. Such contribution shall be made for each eligible employee who elects to participate in the above plan. Employees who elect to avail themselves of such health insurance coverage will receive a retirement contribution through age 64 as follows: 1) Retirement age 60-62, $150 per month. 2) Retirement age 63-64, $190 per month. The amount allocated becomes the fixed amount until age 65. 7.3 An employee who is authorized in advance by the supervisor to use a personal automobile in the performance of duties shall be reimbursed at the federal reimbursement rate per mile. To be eligible for such mileage reimbursement, an employee must follow District approval and claim procedures. 7.4 Employees shall be eligible to receive longevity compensation of 3% increments on base salary upon completion of 10, 14, 18, 22, and 25 years of service, subject to eligibility provisions outlined in Article 7.5.
Sample 1
Retiree Medical Insurance Contributions. The District will contribute to retiree medical (i.e. all current and future retirees of the CalPERS retirement plan) at a cost per month per retiree equal to the PEMHCA minimum required each year. In exchange, individuals that retire after April 1, 2002 will no longer be eligible for Article 8.06B of the District's Personnel Administrative Manual: enrollment in AARP Extended Medical Supplement or reimbursement of the premium paid by the retiree for medical coverage. Effective January 1, 2023 or as soon thereafter as administratively feasible, all represented employees covered by this Agreement shall participate in a retiree medical expense reimbursement plan administered by the PORAC Retiree Medical Trust. The Trust shall be and remain separate and apart from any employer health insurance funding program. Upon implementation, each employee in a represented classification shall contribute $100.00 per month to the PORAC Retiree Medical Trust. Beginning the first pay period in October, 2024, each employee in a represented classification shall contribute $150.00 per month to the PORAC Retiree Medical Trust. To the extent authorized by law, all contributions shall be made on a pre-tax basis. The District’s obligation to provide pre-tax deposits would remain subject to Internal Revenue Service rules as they may be revised in the future. Should the Internal Revenue Service later determine that these contributions are no longer permissible on a pre-tax basis, the District shall cease deducting such amounts from employee compensation on a pre-tax basis. The employee assumes full responsibility and liability for tax consequences related to contributions to and/or withdrawals from the PORAC Retiree Medical Trust. There shall be no employee election or option to take the contribution amount in cash. Upon retirement of an eligible employee covered by this Agreement, the District will transfer into the PORAC Retiree Medical Trust, 25% of the cash value of any of the employee’s accrued vacation leave, subject to the applicable rules of the Trust; additionally, the cash value of any sick leave paid out pursuant to Article 11.5, Paragraph C., Subsection 5 shall be transferred into the PORAC Retiree Medical Trust. The Association has the right to alter the amount of the percentage of vacation leave balance contribution at separation from service during the course of this Agreement, on a uniform basis, for all employees covered by the Agreement, subject to approval of its m...
Sample 1
Retiree Medical Insurance Contributions. The District will contribute to future retiree medical (i.e. all current and future retirees of the CALPERS retirement plan) at a cost of $100.00 per month per retiree. In exchange, individuals that retire after April 1, 2002 will no longer be eligible for Section 3.123 of the District's Administrative Manual: enrollment in AARP Extended Medical Supplement or reimbursement of the premium paid by the retiree for medical coverage.
Sample 1

Related to Retiree Medical Insurance Contributions

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Retiree Insurance Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of Workers’ Compensation/Employer’s Liability insurance are: Part One: Part Two: “Statutory” Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • ' Compensation & Employer's Liability The Service Provider shall maintain during the life of this Agreement for all of the Service Provider's employees engaged in work performed under this agreement:

  • HEALTH AND INSURANCE BENEFITS 22.01 All health and insurance benefit premium costs paid by the Employer shall prorate in accordance with the proration formula under Article 22.12 of this Agreement. Same sex spouse is eligible to be a dependent for insured benefits.

  • 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.

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