Retirement Medical Sample Clauses

Retirement Medical. A. Upon Retirement, medical coverage will be paid by the District for both the employee and dependents in accordance with Section 22810 of the Government Code which provides: B. Except for employees retiring for service connected disability, all new employees hired after December 1, 2011, and retiring from the District will obtain five percent (5%) credit per year towards retiree medical up to one hundred percent (100%) at the completion of twenty (20) years of employment with the District.
Sample 1Sample 2Sample 3See All (6)
Retirement Medical. Dental - In the event an employee between the ages of fifty-five (55) and sixty-five
Sample 1Sample 2Sample 3See All (5)
Retirement Medical. The Board of Education will make available to retired employees, their spouses (including surviving spouses of retired administrators participating in the Board’s group health plans at the time of the administrator’s death) and/or their eligible dependent children, at the retired employee’s expense (at Newtown group rates), the same group health insurance plans the Board maintains for active administrators; provided, however, that a retired administrator and/or his or her surviving spouse who is or becomes eligible for Medicare Part A shall be required to apply for and begin participating in said Medicare Part A and to obtain the group health insurance coverage available through the Connecticut Teachers’ Retirement Board (instead of through the Board of Education).
Sample 1Sample 2
Retirement Medical. Effective January 1, 2010, the District shall provide retiree medical coverage through CalPERS. The District contribution for a retiree shall be equal to the appropriate Kaiser rate (basic premium rates – Bay Area Region) for which the retiree (including the enrollment of family members) is eligible. The District shall comply with all CalPERS rules and regulations for retiree medical insurance coverage. The District shall contribute to the full cost of the VSP Choice Plan, Plan C, and the employee shall be responsible for any co-pays ($1O for exams, $20 lenses, $130 allowance towards frames) relating to the individual use of Plan C. Eligibility for retiree medical shall be in accordance with District Personnel Bulletin No. 34 Retiree Medical Policy. Effective October 1, 2011, each employee shall pay 3.75% of salary towards the District’s Other POST Employment Benefits (OPEB). The employee’s contribution shall remain the equivalent of 3.75% based on the October 1, 2011 salary schedule unless the terms of future salary increases include an additional employee contribution.
Sample 1
Retirement Medical i. Effective as of the Destinations Distribution Date, Destinations will assume sponsorship of all ITT medical (including dental) plans and arrangements for Destinations Employees, ITT Employees and ESI Employees (except WD Stand-Alone Plans and ESI Stand-Alone Plans) (the "ITT Health Plans"). ii. ITT and ESI each will be required to establish medical plans and arrangements, respectively, for ITT Employees and ESI Employees and their eligible dependents, such plans to be in effect as of the Applicable Distribution Date. To the extent permitted under any applicable indemnity, health maintenance organization or stop-loss contracts, the newly established ITT and ESI health plans will waive waiting periods, pre-existing conditions to the extent waived or satisfied under the applicable ITT Health Plan, and credit deductible/copayments satisfied by ITT Employees and ESI Employees and their eligible dependents as of the Applicable Distribution Date. If requested by ITT or ESI, Destinations will 7 34 assist in the development of appropriate administrative procedures to be implemented in connection with ITT's and ESI's newly established medical plans and arrangements.
Sample 1
Retirement Medical. The District shall provide retiree medical coverage through CalPERS. The District contribution for a retiree shall be equal to the appropriate Xxxxxx rate (basic premium rates – Bay Area) for which the retiree (including the enrollment of family members) is eligible. The District and employee shall comply with all CalPERS rules and regulations for retiree medical insurance coverage.
Sample 1

Related to Retirement Medical

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • 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.

  • Supplemental Executive Retirement Plan The Executive will participate in the Rockland Trust Supplemental Executive Retirement Plan (“SERP”), a non-qualified plan on terms and conditions and with benefits comparable to those applicable and available to similarly situated executives of the Company.

  • 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.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.