Retirement Health Care Coverage Sample Clauses

Retirement Health Care Coverage. A. All full-time employees who are retired from the University, and who have three (3) years of accrued seniority, and are at least sixty (60) years of age, will be eligible to purchase health care coverage through the University at University rates up to the age of sixty-five (65).
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Retirement Health Care Coverage. Eligible retirees and eligible members of the City’s Defined Contribution Money Purchase Plan (DCMPP) shall be covered by the same insurance as active bargaining unit members; However, Blue Cross/Blue Shield Traditional health care insurance will remain available as an option to eligible retirees and eligible members of the City’s DCMPP. Any additional costs for Traditional coverage in excess of the base plan will be paid by the retiree.
Sample 1
Retirement Health Care Coverage. Eligible retirees shall be covered by the same insurance as active bargaining unit members. In the event the active employees become responsible for a share of the insurance premium under Article 8, Section 3, Subsection A (currently described as Base Plan Alternative 1 BCBS PPO 12/20 $1000/$2000 deductible or 2 PHP DPL 15500 $1000/$2000 deductible) or Subsection B (currently described as Option 1 BCBS PPO 4 $500/$1000 deductible or XXX XXX 00000 $500/$1000 deductible) a person who is receiving retirement health care, shall pay the same premium share as the active employees by a deduction from his or her pension payment, except that the payment shall be capped at one percent (1%) of the pension payment or $125 (single coverage), $225 (double coverage), $325 (family coverage) annually whichever shall be less.
Sample 1
Retirement Health Care Coverage. Eligible retirees shall be covered by the same insurance as active bargaining unit members and shall be subject to the same premium computation requirements as active employees, i.e., the employee shall be responsible for any cost differential between the base plan and PHP, along with their premium share contribution as set forth above for active employees.
Sample 1

Related to Retirement Health Care Coverage

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

  • 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.

  • INSURANCE AND RETIREMENT Each teacher shall be entitled to fringe benefits provided by this agreement and by federal regulations provided by Cobra (Consolidated Omnibus Budget Reconciliation Act of 1985). These shall include but not be limited to the following:

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • 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.

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