Special Retiree Health Subsidy Sample Clauses

Special Retiree Health Subsidy. Operative July 1, 1996, employees who retire on a service or service-connected disability pension who are at least age 55 shall receive the following benefit: Years of Service Benefit
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Special Retiree Health Subsidy. Employees who retired on a service or service-connected disability on or after July 1, 1989 but on or before June 30, 1996, and who are at least age 55 shall receive the following benefit: Years of Service Benefit 20 - 24 $75 per month 25 - 29 $150 per month 30 & over $225 per month For employees who retired on or after July 1, 1996 but before July 1, 1998, the following benefit shall be provided: Years of Service Benefit 20 - 24 $150 25 - 29 $225 30 & over $300 In no case shall this special subsidy amount exceed the cost of the health plan option selected by the retiree. To receive this subsidy, the retiree must be in a City approved health plan. A retiree, who accepts another City job after retirement from the Fire Department and receives a City health insurance subsidy through that job, is ineligible for this subsidy. This subsidy shall be administered through the Pension Department and will not be governed by the rules and regulations of the City health insurance plan subsidy for active employees.
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Special Retiree Health Subsidy. Operative July 1, 1996, employees who retire on a service or service-connected disability pension who are at least age 55 shall receive the following benefit: Years of Service Benefit 20 - 24 $150 25 - 29 $225 30 & over $300 This benefit subsidy amount shall not in any case exceed the cost of the health plan option selected by the retiree. To receive this subsidy, the retiree must be in a City approved health plan. A retiree, who accepts another City job after retirement from the Fire Department and receives a City health insurance subsidy through that job, is ineligible for this subsidy. This subsidy shall be administered through the Pension Department and will not be governed by the rules and regulations of the City health insurance plan subsidy for active employees.
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Related to Special Retiree Health Subsidy

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • INSURANCE AND RETIREMENT Each teacher shall be entitled to fringe benefits provided by this agreement and by federal regulations provided by Cobra (Consolidated Omnibus Budget Reconciliation Act of 1985). These shall include but not be limited to the following:

  • 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.

  • 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.

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