Retirement Medical Insurance Sample Clauses

Retirement Medical Insurance. 1. Effective July 1, 1995 employees completing at least twenty-five (25) years of service in the Old Bridge system shall be eligible for certain medical upon retirement. Such retirement, to be eligible for medical benefits, shall mean that the employee will be receiving a pension form TPAF or PERS (excluding deferred retirements).
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Retirement Medical Insurance. If Employee retires after at least ten (10) years of service to the City. She will be eligible to receive Retirement Medical Insurance through the City. Up to age sixty (60), Employee will be responsible to pay fifty percent (50%) of the cost of the premiums. Between ages sixty (60) to sixty-five (65), Employee will be responsible to pay twenty-five (25%) of the cost of the premiums. After the age of sixty-five (65), Employee will no longer be eligible to receive Retirement Medical coverage from the City.
Sample 1
Retirement Medical Insurance. Effective July 1, 1995 employees completing at least twenty-five (25) years of service in the Old Bridge system shall be eligible for certain medical upon retirement. Such retirement, to be eligible for medical benefits, shall mean that the employee will be receiving a pension form TPAF or PERS (excluding deferred retirements). The Board of Education shall cease providing district medical benefits for employees who retire effective July 1, 2000, or thereafter. Employees who have retired prior to that date shall continue to receive retirement medical insurance as prior contracts provided. The Board of Education will provide surviving spouse coverage for employees completing at least twenty-five (25) years of service in the Old Bridge system and who are eligible for health benefits from the State of New Jersey and enroll in the New Jersey State Health Benefits Program after retirement. Blanket Liability Insurance The Board will pay 100% of the cost of blanket liability insurance or may choose to self-insure for the same, for Principals which provides the following benefits: Pursuant to N.J.S.A. 18A:16-6 Principals will be indemnified and saved harmless for all costs of defending against, and for any financial loss resulting from, any civil or administrative proceeding brought against said Principal for any act or omission arising out of and in the course of his or her duties.
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Retirement Medical Insurance. Employees who retire from the District and who have participated in the District hospital-medical-surgical insurance program for the previous eight (8) years shall be granted a post retirement benefit of up to a maximum $48,000 to be used for medical coverage for up to ten years. At retirement, the employee shall choose individual or dependent coverage. The retired employee is not required to remain on the District medical coverage. If the retired employee chooses to remain on the District medical coverage, the cost of the coverage shall be continually deducted from the total $48,000 until the amount is exhausted or ten years pass. If the retired employee chooses to seek coverage other than the District medical coverage, the District will reimburse the employee for the cost of the medical coverage on a quarterly basis up to the maximum $48,000 or up to ten years. Once eligible for Medicare, the retired employee will no longer be enrolled in the District medical program. Should there be a remaining balance for the post retirement benefit, the employee will be reimbursed for private supplemental Medicare coverage cost up to the limits (both term and dollar amount) of the post retirement benefit. In order to receive the benefit, an employee must file an irrevocable notice of retirement with the District, in writing, as described below: An employee must provide the irrevocable notice of retirement six months prior to his or her retirement date in order to receive the $48,000 benefit. An employee who provides less than six months irrevocable notice of retirement shall not be eligible for the $48,000 benefit, with the following exceptions: An employee who is no longer eligible to drive based on a loss of his or her CDL due to medically diagnosed physical or mental reasons shall retain eligibility for the $48,000 benefit, provided he or she meet the other criteria for retirement, regardless of whether or not he or she has submitted their irrevocable notice of retirement. The irrevocable notice may be revoked subject to the following:
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Retirement Medical Insurance. Upon retirement, the Principal shall be eligible for such health coverage, if any, then available to retired employees of the Town of Oxford.
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Retirement Medical Insurance. A faculty member whose qualifying years for retirement have been in Benefit Groups A, B, C or D may retire from the University prior to age 65 (Medicare eligibility), and may elect to receive medical insurance coverage through the same plan offered to active bargaining unit members ….
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Retirement Medical Insurance shall be eligible to receive retiree health insurance into the Teachers' Retirement System, if she retires from the Xxxx Xxxxxx Regional School District having served as an administrator for at least fifteen (15) consecutive full years. The premium expense of said insurance shall be paid seventy-five percent (75%) by the District and twenty- five percent (25%) by
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Retirement Medical Insurance. In recognition of increased medical insurance premium costs for retirees, a supplemental reimbursement payment will be paid to Members who retire from their employment with the City of Glendora on or after July 1, 1998, by taking a regular service retirement, provided the Member has a minimum of 20 years of service as a California Peace Officer with a minimum of 10 years service as a Glendora Police Officer or Manager, under the following terms and conditions. The supplemental reimbursement payment will be for medical insurance premium costs incurred for the retiree, reimbursed quarterly upon submittal by November 15th of each year of proof of retiree incurred medical insurance coverage and costs of coverage, to age 65. The City supplemental reimbursement will only be allowed for actual out-of-pocket medical insurance premium expenses incurred by the covered retiree up to the appropriate amount stated below with proof of payment. • Up to $300/month for members who retire on or after 1/1/16 • Up to $200/month for members who retire 1/1/04-12/31/15 • Up to $150/month for members who retire 7/1/98-12/31/03 For eligible retirees currently, or in the future, enrolled in one of the CalPERS authorized health plans and reported monthly to the City as enrolled, the City will waive the requirement for proof of coverage and automatically reimburse the retiree on a quarterly basis. The quarterly payments shall be subject to withholding tax and other deductions required by law. If the State or Federal governments enact legislation to require the employer to pay toward retiree's medical insurance an amount equal to or greater than the above supplemental payment, this payment shall cease. If such legislation requires the employer to pay a lesser amount, the supplemental payment shall be reduced by that amount.
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Retirement Medical Insurance. Retiring employees may qualify to purchase, through the City, Retirement Medical Insurance, pursuant to the provision of Oregon Revised Statute 243.303.
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Related to Retirement Medical Insurance

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Medical Insurance Upon termination of employment, the Executive shall be entitled to all COBRA continuation benefits available under the Company's group health plans to similarly situated employees. To the extent permitted under Code Section 409A, during the applicable Payout Period, the Company shall provide such COBRA continuation benefits to the Executive at the active employee rates similarly situated employees must pay for such benefits. Upon the expiration of such Payout Period, the Executive will be responsible for paying the full COBRA premiums for the remaining COBRA continuation period.

  • Medical Insurance for Retirees The University will make available a medical insurance plan for official retirees hired prior to January 1, 2014 in the same manner and on the same basis as applies to all the University’s other official retirees. An official retiree (including early retirees) for purposes of this benefit, will be defined as any regular employee who is employed by the University at the time of retirement, who is vested in a University sponsored retirement plan and whose years of University service and age total a minimum of 75. Coverage for the spouse of the retiree or early retiree is available on the same basis as for other University official retirees. The University retains the right to modify or terminate this plan upon reasonable notice to staff and retirees.

  • Hospital and Medical Insurance The University shall make available health insurance to the employees covered by this agreement to the same extent and in the same manner as is available to other University employees, such as Faculty and the Executive, Administrative and Professional Staff employees. It is the University's goal to have the same health insurance plans offered uniformly to all University groups and employees.

  • Retirement Insurance A teacher retiring from the District and under the provisions of Teachers’ Retirement Association (TRA) is eligible to continue to participate in group insurance programs (health insurance, dental insurance, life insurance, supplemental life insurance) as permitted under the insurance policy provisions provided the teacher pay the entire premium for such group insurance programs commencing with the beginning of the retirement (see District Website, Human Resources for specific coverage available). The teacher shall be responsible for paying the monthly premium amounts in advance and on such dates as determined by the District/third party administrator. The right to continue participation in such group insurance programs will discontinue upon the failure of the teacher to pay the premiums to the District/third party administrator, or the expiration of insurance availability under the insurance policy provisions. Since long-term disability insurance coverage replaces salary, and a retiree receives no salary, long-term disability insurance coverage is not available.

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Retiree Insurance 12.1 Employees who retire must meet the following conditions at the time of retirement in order to be eligible for the Employer contributions, listed in Sections 12.2 through 12.5 below, toward a health insurance plan offered by the Employer:

  • ’ Compensation/Employer’s Liability Insurance If Contractor has employees, it shall maintain workers’ compensation insurance as required by law. Employer’s liability limits shall be not less than $1,000,000 for each accident, $1,000,000 as the aggregate disease policy limit, and $1,000,000 as the disease limit for each employee. If Contractor does not have employees, it shall provide a letter, on company letterhead, to the Judicial Council certifying, under penalty of perjury, that it does not have employees. Upon the Judicial Council’s receipt of the letter, Contractor shall not be required to maintain workers’ compensation insurance.

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of Workers’ Compensation/Employer’s Liability insurance are: Part One: Part Two: “Statutory” Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

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