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 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.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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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.. D-4 CUSTODIANS

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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