Medical Retirement definition

Medical Retirement means retirement of an eligible employee at or after age 65 because such employee is incapable of satisfactorily performing his job or any other job to which he may be entitled under the seniority provisions of the Labour Agreement as set forth in Section 6 of Article IV.

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Examples of Medical Retirement in a sentence

• The rate paid will be annually calculated at 4% 21 simple interest for the individual’s actual contributions as averaged for the fiscal year with all funds 22 invested in the “Post Medical Retirement Benefit Trust Fund” held in the Placer County Treasury.

• The Employee shall not be eligible for Medical Retirement Benefits if Employee is terminated by the Corporation for "cause".

• The Spouse of the Eligible Employee (“Eligible Spouse”) shall also receive Medical Retirement Benefits.

• The Employee shall not be eligible for Medical Retirement Benefits if the Employee is terminated by the Corporation for “cause”.

• Medical Retirement Payment Note: Payment will be based on the normal fortnightly salary of the employee at the time of medical retirement.

• If it is determined that said employee shall be placed on Medical Retirement, the Employer, if the employee is in the MERS defined benefit program, will request according to MERS rules a duty disability retirement.

• The Spouse of the Eligible Employee ("Eligible Spouse") shall also receive Medical Retirement Benefits.

• Medical Retirement Payment A lump sum payment of 13 weeks salary plus an additional week for each year of service after 25 years service, up to a maximum of 13 weeks (i.e. the total maximum payment payable under this provision is 26 weeks).

• Appendix 5: Medical Retirement Primary Principals' Collective Agreement Effective: 26 August 2019 to 25 August 2022 We are making improvements to our Download to Print functionality, so if you want a printed copy of this agreement please download the PDF version of the Primary Principals' Collective Agreement.

• Employee shall be entitled to, and Employer shall provide, retiree medical coverage at least comparable to that currently in effect ("Medical Retirement Benefits").