RETIREMENT BENEFIT ALLOWANCE. Effective May 29, 2016, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. The benefit allowance is not applicable to Post-65 retirees and/ or spouses. The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
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Samples: Agreement
RETIREMENT BENEFIT ALLOWANCE. Effective May 29, 2016, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. • The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. • The benefit allowance is not applicable to Post-65 retirees and/ or spouses. • The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages • When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old ➢ The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. ➢ The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
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Samples: Preamble
RETIREMENT BENEFIT ALLOWANCE. Effective May 29, 2016, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. • The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. • The benefit allowance is not applicable to Post-65 retirees and/ or spouses. • The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages • When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old ⮚ The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. ⮚ The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
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Samples: Agreement
RETIREMENT BENEFIT ALLOWANCE. Effective May 29June 2, 20162013, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. • The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. • The benefit allowance is not applicable to Post-65 retirees and/ or spouses. • The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages • When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old ⮚ The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. ⮚ The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
Appears in 1 contract
Samples: Preamble
RETIREMENT BENEFIT ALLOWANCE. Effective May 29June 2, 20162013, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. The benefit allowance is not applicable to Post-65 retirees and/ or spouses. The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
Appears in 1 contract
Samples: Preamble
RETIREMENT BENEFIT ALLOWANCE. Effective May 29, 2016, any active represented employee who is retirement eligible and who retires during the life of this agreement is entitled to a Retirement Benefit Allowance. The monthly allowance for Pre-65 Retiree Only coverage is $246. The monthly allowance for any coverage level for Pre-65 Retiree + Dependent coverage is $518. • The Benefit Allowance will be granted throughout the life of this agreement for Pre-65 age retirees. • The benefit allowance is not applicable to Post-65 retirees and/ or spouses. • The benefit allowance is not applicable for “Post-65 retirees who elect “Retiree plus Family” or “Retiree Plus Dependent” coverages • When a retiree elects “Retiree & Spouse”, where one is less than 65 years old and one is at least 65 years old The Benefit Allowance $246 will be granted to Retiree or Spouse who remains in the Pre-65 Retiree group plan. The Retiree and/ or spouse that is 65 years or older will transition to Extend Health.
Appears in 1 contract
Samples: Agreement