Retiree Health Coverage definition

Retiree Health Coverage. The City will allow retirees to continue to participate in the City health plan offerings (medical, dental, and vision) at the retirees expense till age 65 or when eligible for Medicare, whichever comes first. Retirees who exercise this option will pay a 2% administrative fee per month. Both retiree and dependent coverage are available under this program.

Retiree Health Coverage. The Company shall provide Executive and his wife Xxxxxx Xxxx (and no subsequent spouse or any other dependent) on the day immediately preceding his employment termination date (other than a termination date resulting from a termination by Company for Cause or by Executive without Good Reason) with medical benefits (including health care, dental, prescription and vision) until the earliest of the following occurs: (i) the deaths of Executive and his wife Xxxxxx Xxxx; (ii) Executive terminates his coverage under the plan; (iii) failure of Executive or his wife to make premium payments as required under the plan; or (iv) Company ceases to offer medical benefits to any of its active employees. If Executive terminates his coverage under the plan (except in the case of death), his wife's coverage is also terminated. Once Executive or his wife's coverage is terminated, it cannot be reinstated for any reason. Executive shall pay the full cost to Company of providing him and his wife with coverage under the plan as determined by Company in its sole discretion. Coverage made available to Executive and his wife shall be identical to that made available to active employees of the Company that are in positions of similar status and responsibility as the Executive. Such benefit continuation coverage may be provided through an insurance contract, benefit plan or similar arrangement, at the Company's discretion"

Examples of Retiree Health Coverage in a sentence

• Retiree Health Coverage: Health coverage following the termination of employment shall be made available to the extent required under, and in accordance with, Minnesota Statutes Section 471.61, subd.

• Eligibility for Retiree Health Coverage: All employees hired after December 31, 2006 are eligible for retiree health/dental coverage pursuant to subsections (A) and (B), above, upon completion of fifteen (15) years of service as an employee of Contra Costa County.

• I ATTACHMENT E(iii) Town of West Hartford Police Union - Eligibility for Retiree Health Benefits Date of Hire Health Plan Eligibility for Retiree Health Coverage Benefit Available Employee Contribution Active/Retiree Impact at Medicare Eligibility a .

• ATTACHMENT E(ii) Town of West Hartford Police Union - Eligibility for Retiree Health Benefits Date of Hire Health Plan Eligibility for Retiree Health Coverage Benefit Available Employee Contribution Active/ Retiree Impact at Medicare Eligibility - As an active employee, pay 1.75% Plan converts to Medicare Supplement Plan.

• Within the first six (6) months of this MOU and contingent upon the agreement of the majority of the major County labor groups to participate the County and Council shall form a Retiree Health Coverage Committee to review Sections 20.2-20.7 of the MOU related to sick leave conversion upon retirement for health coverage/contributions to premiums and identify alternative or supplemental retiree medical options, including potential variations on the current program.

• Within thirty (30) calendar days of the formation of the Retiree Health Coverage Committee, the parties shall schedule committee meetings.

• The Retiree Health Coverage Committee will consist of up to two (2) representatives from AFSCME, up to two (2) representatives from SEIU and one (1) representative from every other union/association in the County.

• Additionally, employees hired between the period of 1/1/2008 and 12/31/2011 can make a one-time irrevocable selection to transition from County Retiree Health Coverage to the Retiree Health Savings Plan.