SUPPLEMENTAL STIPEND. The City will provide for an amount equal to Xxxxxx Health Insurance for employee, employee plus 1, or employee plus 2 depending on the level of insurance the employee has in retirement. The amount will change to the Medicare supplement once the employee or dependent is eligible for Medicare. If one covered family member is not in Medicare while another is, the employee will receive the appropriate amount for the combined plan. The benefit will continue only through the life of the employee, not survivors, and shall be subject to change in subsequent MOUs. If the employee changes health care carriers, the benefit will cease; provided, however, that in the case of PEMHCA health care plans, an employee may change carriers as long as it the health care plan remains within the PEMHCA umbrella. All of the following conditions shall be met for the employee to be eligible to receive this benefit
1) The employee has 15 years or more service with the City of Brisbane.
2) The employee retires from service with the City of Brisbane.
3) The effective date of the retirement is within one-hundred twenty (120) days of separation from the City of Brisbane.
4) Employees hired after July 1, 2008 are not eligible for the supplemental stipend benefit. Such employees will be eligible to receive a benefit as noted in Article 12 below.
5) Any employee hired before July 1, 2008 and who retires before July 1, 2020, and who meets the conditions above, will be paid a stipend that is equal to the single party premium rate charged the City by Xxxxxx
SUPPLEMENTAL STIPEND. In recognition of the fact that the Company’s current benefits offering does not include group health insurance, Executive shall receive a monthly stipend in the gross amount of $3,500 per month. Executive is not required to purchase health insurance with such stipend and no requirement to reimburse Executive for health insurance premiums or medical expenses is intended by this provision; this stipend represents additional regular wages payable to the Executive and shall be subject to all applicable deductions and withholdings. The Company may terminate this monthly stipend at any time upon written notice to Executive without causing any breach of this Agreement, and it is expected that the Company will terminate Executive’s entitlement to this stipend once the Company has made a group health insurance plan available to its employees.
SUPPLEMENTAL STIPEND. The parties agree to a Supplemental Stipend, in recognition of long-term service with the City of Brisbane, for employees retiring from City service after July 1, 2002. For employees who retire after July 1, 2002, and if all of the following conditions are satisfied: 1) the employee has 15 years or more service with the City of Brisbane, and 1) retires from service, and 3) the effective date of the retirement is within 120 days of separation from the City of Brisbane, a stipend will be paid that is equal to the single party premium rate charged to City by Kaiser. In addition, it is agreed that an employee will no longer be eligible for such stipend should the employee elect to be covered by another medical plan other than that provided at the time of retirement. Furthermore, it is agreed that an employee who once waives his/her participation, such medical plan coverage and such waiver shall be irrevocable.
SUPPLEMENTAL STIPEND. The City will provide for an amount equal to Kaiser Health Insurance for employee, employee plus 1, or employee plus 2 depending on the level of insurance the employee has in retirement. The amount will change to the Medicare supplement once the employee or dependent is eligible for Medicare. If one covered family member is not in Medicare while another is, the employee will receive the appropriate amount for the combined plan. The benefit will continue only through the life of the employee, not survivors. If the employee changes health care carriers, the benefit will cease; provided, however, that in the case of PEMHCA health care plans, an employee may change carriers as long as it the health care plan remains within the PEMHCA umbrella. All of the following conditions shall be met for the employee to be eligible to receive this benefit:
1) The employee has 15 years or more service with the City of Brisbane.
2) The employee retires from service with the City of Brisbane.
3) The effective date of the retirement is within one-hundred twenty (120) days of separation from the City of Brisbane.
4) Employees hired after July 1, 2008 are not eligible for the supplemental stipend benefit. Such employees will be eligible to receive a benefit as noted in Article 12 below.
SUPPLEMENTAL STIPEND. The City will provide for an amount equal to Kaiser Health Insurance for employee, employee plus 1, or employee plus 2 depending on the level of insurance the employee has in retirement. The amount will change to the Medicare Supplemental rate as designated by CALPERS once the employee or dependent is eligible for Medicare. If one covered family member is not in Medicare while another is, the employee will receive the appropriate amount for the combined plan. The benefit will continue only through the life of the employee, not survivors. This is a non-vested benefit., If the employee changes health care carriers, the benefit will cease; provided, however, that in the case of PEMHCA health care plans, an employee may change carriers as long as it the health care plan remains within the PEMHCA umbrella. All of the following conditions shall be met for the employee to be eligible to receive this benefit:
1) The employee has 15 years or more service with the City of Brisbane.
2) The employee retires from service with the City of Brisbane.
3) The effective date of the retirement is within one-hundred twenty (120) days of separation from the City of Brisbane.
4) Employees hired after July 1, 2008 are not eligible for the supplemental stipend benefit. Such employees will be eligible to receive a benefit as noted in Article 11 below.
