Retirement - Service Retirement Sample Clauses

Retirement - Service Retirement. An enrolled employee is eligible to continue coverage after retirement if (s)he has completed ten (10) years of service with BOCES, and is at least 55 years of age and qualified for retirement as a member of the appropriate New York State Retirement System, at the time of retirement. Effective June 30, 2015, any enrolled employee hired on or after January 1, 2005 is eligible to continue coverage after retirement if (s)he has completed fifteen (15) years of service with the BOCES, and is at least 55 years of age and qualified for retirement as a member of the appropriate New York State Retirement System, at the time of retirement BOCES will pay ninety (90%) percent of the premium for individual coverage and seventy-five (75%) percent of the premium for dependent coverage.
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Retirement - Service Retirement. An enrolled employee is eligible to continue coverage after retirement if (s)he has completed ten
Sample 1
Retirement - Service Retirement. An enrolled employee is eligible to continue coverage after retirement if (s)he has completed ten (10) years of service with BOCES, and is either qualified for retirement as a member of a retirement system or is at least 55 years of age, and enrolled in the program at the time of retirement. BOCES will pay one hundred (100%) percent of the premium for individual coverage and seventy five (75%) percent of the premium for dependent coverage. Starting with individuals whose effective date of separation from OCM BOCES employment is 7/01/2007 or thereafter, the BOCES rate of contribution for individual health insurance coverage will be 90% and for dependent coverage will be 75%. An employee who is eligible for OCM BOCES group health insurance coverage into retirement who does not elect such coverage at the time of retirement may, at a later date, enroll in the OCM BOCES group health insurance plan provided application for coverage is received within 30 days of having otherwise been continuously covered under the group plan.
Sample 1
Retirement - Service Retirement. Any enrolled employee hired prior to January 1, 2005 is eligible to continue coverage after retirement if (s)he has completed 10 years of salaried service (50% or greater) with OCM BOCES and is at least 55 years of age. Any enrolled employee hired on or after January 1, 2005 is eligible to continue coverage after retirement if (s)he has completed 15 years of salaried service (50% or greater) with OCM BOCES and is at least 55 years of age. For all members retiring on or after July 1, 2017, the OCM BOCES will pay 85% of the premium cost for individual coverage or 70% of the premium cost for family coverage.
Sample 1
Retirement - Service Retirement. An enrolled employee is eligible to continue coverage after retirement if (s)he has completed ten (10) years of service with OCM BOCES, and is either qualified for retirement as a member of a retirement system or is at least 55 years of age, and enrolled in the program at the time of retirement. OCM BOCES will pay ninety (90%) percent of the premium for individual coverage and seventy-five (75%) percent of the premium for dependent coverage. For unit members retiring on or after July 1, 2015 OCM BOCES will pay eighty-five (85%) percent of the premium for individual coverage and seventy (70%) percent of the premium for dependent coverage. For unit members retiring on or after July 1, 2017 OCM BOCES will pay eighty-five (85%) percent of the premium for individual coverage and sixty-five (65%) percent of the premium for dependent coverage. The Blue Cross/Blue Shield Prescription Co-Pay shall be the same as for active employees of the BOCES.
Sample 1

Related to Retirement - Service Retirement

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Retirement Severance (a) Upon qualification for benefits in accordance with the rules and regulations of the Michigan Public School Employees Retirement System the retiring bus driver shall be paid for all unused sick leave days at a rate that is 50% of the current rate based on the current bid route time. The retiree after 10 or more consecutive years of service will receive 75% of the above amount. Bus monitors who meet the MPSERS qualification shall be paid for all unused equivalent sick leave days at a rate of $15 per day. This will not apply to discharged employees.

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

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