Common use of RETIREMENT LIFE INSURANCE Clause in Contracts

RETIREMENT LIFE INSURANCE. $15,000 term life coverage for employees enrolled in the life insurance program at the time of retirement, who retire at age 55 or older, qualify for unreduced PERF, and have been employed with MCCSC for ten or more continuous years will receive life insurance under the group plan until the employee's death conditioned upon the payment of one dollar ($1) per year by January 30th.

RETIREMENT LIFE INSURANCE. $15,000 term life coverage for employees enrolled in the life insurance program at the time of retirement, who retire at age 55 or older, qualify for unreduced PERF, and have been employed with MCCSC for ten or more continuous years will receive life insurance under the group plan until the employee's death conditioned upon the payment of one dollar ($1) per year by January 30th.

RETIREMENT LIFE INSURANCE. $15,000 term life coverage for employees enrolled in the life insurance program at the time of retirement, who that retire at age 55 or older, older and qualify for unreduced PERFPERF benefits, and have been employed with MCCSC for ten or more continuous years will receive life insurance paid under the group plan until the employee's death conditioned upon the payment of one dollar ($1) 1 per year by January 30th.