Retirement Health and Dental Benefits Sample Clauses

Retirement Health and Dental Benefits. 1) Each Employee hired on or before December 31, 1984 who is eligible for Employer-paid health care benefits as an active Employee at the time of retirement and who is: - age 65 or older on his/her last day of employment, or - younger than age 65, but age 55 or older and has fifteen (15) or more years of service on his/her last day of employment, or - younger than age 55, and his/her age plus years of service total seventy-five (75) or more on his/her last day of employment, shall receive Employer-paid retiree health, prescription drug, vision and dental care benefits for himself/herself and his/her eligible dependents at the retiree's age 65, or later, if termination of employment occurs after age 65. 2) Each Employee hired on or after January 1, 1985 who is eligible for Employer-paid health care benefits as an active Employee at the time of retirement and who is: - age 55 or older and has fifteen (15) or more years of service on his/her last day of employment, or - younger than age 55, and his/her age plus years of service total seventy-five (75) or more on his/her last day of employment, shall receive Employer-paid retiree health care and prescription drug benefits for himself/herself and his/her eligible dependents at the retiree's age 65, or later, if termination of employment occurs after age 65. 3) A year of service is defined as any calendar year in which the Employee is paid for 1,000 or more hours. 4) Current retirees and Employees who meet the eligibility rules for retiree medical benefits described in paragraphs 1) and 2) above on or before December 31, 1996 (although they may delay actual retirement until a later date) will receive benefits based on provisions in effect prior to January 1, 1997 which include a one dollar ($1.00) co-pay for each prescription purchase and a two dollar ($2.00) co-pay for each dental office visit, if applicable (benefit arrays "0A1AE" and "2CX"). The Employer will provide one-hundred percent (100%) of the plan cost. 5) Each Employee who meets the eligibility rules for retiree medical benefits described in paragraphs 1) and 2) above on or after January 1, 1997 will receive benefits based on provisions in effect after December 31, 1996 which include a five dollar ($5.00) co-pay for medical (and dental, if applicable) office visits and a five dollar ($5.00) co-pay for each prescription purchase (benefit arrays "5A5AE" and "5CX"). The Employer and retiree will each share one-half (1/2) of the future retiree medical pl...
AutoNDA by SimpleDocs
Retirement Health and Dental Benefits. 11.4.1 An eligible unit member shall benefit as follows: 11.4.1.1 The retiring employee shall receive no compensation, nor is service expected. 11.4.1.2 The health and dental benefits provided during retirement will be the same, or similar as provided to active employees at that same time as determined by the Health Benefits Authority (excluding life insurance). 11.4.1.3 Medical and dental benefits shall be provided as follows: A. BARGAINING UNIT MEMBERS HIRED PRIOR TO 1/1/2013: 1) Bargaining unit members must possess ten (10) years of sworn law enforcement experience at SAUSD. 2) Medical and dental insurance pick up until age 65. 3) Must retire from Santa Xxx Unified School District at a minimum age of fifty (50) years old in a CalPERS Safety 4) If a unit member hired prior to 1/1/2013 qualifies for and receives a CalPERS Disability or Industrial Disability Retirement, the unit member shall not be required to meet the minimum age requirement stated herein in order to be eligible for medical and dental insurance pick up until age 65, as long as the unit member otherwise meets all the remaining applicable eligibility requirements stated herein. 5) Termination of retirement to return to work under CalPERS shall terminate this benefit. B. BARGAINING UNIT MEMBERS HIRED 1/1/2013 AND THEREAFTER: Total Years of Sworn Law Enforcement in California Total Years of Sworn Law Enforcement at Santa Xxx USD Total Years Medical/Dental Insurance Coverage 10% Service Credit 15 Years Until Medicare Eligible 10% Service Credit 12 Years 9 Years or Medicare Eligible (whichever comes first) 10% Service Credit 10 Years 8 Years or Medicare Eligible (whichever comes first) Must retire from Santa Xxx Unified School District in a CalPERS Safety Retirement Plan at a minimum age of fifty-seven (57) years old to be eligible. If a unit member hired on or after 1/1/2013 qualifies for and receives a CalPERS disability or Industrial Disability Retirement, the unit member shall not be required to meet the minimum age requirement stated herein in order to be eligible for the medical and dental insurance provide in this section, as long as the unit member otherwise meets all the remaining applicable eligibility requirements stated herein. Termination of retirement to return to work under CalPERS shall terminate this benefit. Bargaining unit members who are lateral hires are subject to the provisions of the Government Code 7522.02 11.4.1.4 Any changes made to active employees health and dental ...
Retirement Health and Dental Benefits. 41 ------------------------------------------------------------ 9.14 Blue Choice Health and Delta Dental Plans..................... 41 ----------------------------------------- ARTICLE X Indemnification --------------- 10.1 General....................................................... 41 ------- 10.2 Indemnification Obligations of Sellers........................ 42 -------------------------------------- 10.3 Purchaser's Indemnification Obligations....................... 44 --------------------------------------- 10.4 Exclusive Remedy.............................................. 45 ---------------- 10.5 Third Party Claims............................................ 46 ------------------ 10.6 Other Indemnification Claims.................................. 47 ---------------------------- 10.7
Retirement Health and Dental Benefits. 11.4.1 An eligible unit member shall benefit as follows: 11.4.1.1 The retiring employee shall receive no compensation, nor is service expected. 11.4.1.2 The health and dental benefits provided during retirement will be the same, or similar as provided to active employees at that same time as determined by the Health Benefits Authority (excluding life insurance). 11.4.1.3 Medical and dental benefits shall be provided as follows: A. BARGAINING UNIT MEMBERS HIRED PRIOR TO 1/1/2013: 1) Bargaining unit members must possess ten (10) years of sworn law enforcement experience at SAUSD 2) Medical insurance pick up until age 65 3) Must retire from Santa Xxx Unified School District at a minimum age of fifty (50) years old in a CalPERs Safety Retirement Plan to be eligible B. BARGAINING UNIT MEMBERS HIRED 1/1/2013 AND THEREAFTER: Total Years of Sworn Law Enforcement in California Total Years of Sworn Law Enforcement at Santa Xxx USD Total Years Medical/Dental Insurance Coverage 10% Service Credit 15 Years Until Medicare Eligible 10% Service Credit 12 Years 9 Years or Medical Eligible (whichever comes first)

Related to Retirement Health and Dental Benefits

  • Medical and Dental Benefits If Executive’s employment is subject to a Termination, then to the extent that Executive or any of Executive’s dependents may be covered under the terms of any medical or dental plans of the Company (or an Affiliate) for active employees immediately prior to the Termination Date, then, provided Executive is eligible for and elects coverage under the health care continuation rules of COBRA, the Company shall provide Executive and those dependents with coverage equivalent to the coverage in effect immediately prior to the Termination. For a period of twelve (12) months (18 months for a Termination during a Covered Period), Executive shall be required to pay the same amount as Executive would pay if Executive continued in employment with the Company during such period and thereafter Executive shall be responsible for the full cost of such continued coverage; provided, however, that such coverage shall be provided only to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this Section 4(e) may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective plans, provided that Executive and Executive’s dependents comply with all of the terms of the substitute medical or dental plans, and provided, further, that the cost to the Company and its Affiliates shall not exceed the cost for continued COBRA coverage under the Company’s (or an Affiliate’s) plans, as set forth in the immediately preceding sentence. In the event Executive or any of Executive’s dependents is or becomes eligible for coverage under the terms of any other medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits, the Company’s and its Affiliates’ obligations under this Section 4(e) shall cease with respect to the eligible Executive and/or dependent. Executive and Executive’s dependents must notify the Company of any subsequent employment and provide information regarding medical and/or dental coverage available.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on the extent to which their service credit is prorated due to their less than full time status.

  • 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.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • 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.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!