Retiree Medical definition

Retiree Medical. Retirees who have twenty (20) or more years’ service with the City shall have the same medical, dental, and vision retirement benefits up to the City paid maximum contribution (City maximum) or the premium of the health plan selected by the employee (whichever is lower) as compared to current active employees enrolled in the PORAC for eligible employees and PERS Choice Blue Cross plan for Misc and Safety Employees. Once a retiree becomes eligible for Medicare the City shall reimburse for the CalPERS supplemental medical premium for employee only coverage. Distributions for Qualified Health, and Long-term Care Premiums: Retired or disabled Firefighters may elect to have a maximum of $3,000 per year subtracted from their 457 plan distributions and sent directly to a health or long term care provider to pay premiums. A retired or disabled Firefighter may elect to have these amounts excluded from gross income for federal income tax purposes. To receive this favorable tax treatment, the retired or disabled public officers must make this election on their federal income tax returns.
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Retiree Medical has the meaning given such term in Section 4.6.
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Retiree Medical. For persons retiring after City Council approval of this MOU, Increase the monthly retiree medical amount for each year of pensionable service for persons with 20 full years of pensionable service from $10 to $20 Holidays (Article 2, Section 5): Continue holiday closures described in Article 2, Section 5 during term of MOU (Note: for first year, the dates would be 12/24/18 to 1/4/19. Vacation Sell Back (Article 4, Section 7): During the term of this agreement, all MEA members on a career basis meeting the eligibility criteria defined below may convert a minimum of twenty (20) hours and a maximum of eighty (80) hours of their accumulated vacation time payable not later than December of each year. The City shall attempt to process these requests prior to the Thanksgiving holiday. In order to convert accrued vacation hours:
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Examples of Retiree Medical in a sentence

  • Employee contributions shall be remitted bi-weekly, in one aggregate ACH transfer to the custodian of the Retiree Medical Trust, accompanied by a list of the employees for whom the contributions are made.

  • Any notice related to this Agreement shall be sent to the Trust at: PORAC Retiree Medical Trust c/o Vimly Benefit Solutions Inc, PO Box 6, Mukilteo, WA 98275.

  • Creation – A Retiree Medical Trust Fund (RMT) will be established by the Association for eligible employees in the Bargaining Unit.


More Definitions of Retiree Medical

Retiree Medical. Retirees who have twenty (20) or more years’ service with the City shall have the same medical, dental, and vision retirement benefits up to the City paid maximum contribution (City maximum) or the premium of the health plan selected by the employee (whichever is lower) as compared to current active employees enrolled in the PORAC plan for eligible employees and PERS Choice Blue Cross plan for Misc and Safety Employees. Once a retiree becomes eligible for Medicare the City shall reimburse for the CalPERS supplemental medical premium for employee only coverage.
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Related to Retiree Medical

  • Retiree means any person who has begun accruing a retirement

  • Health benefits plan means a benefits plan which pays or

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

  • Former Employees means a former member of management of Icahn Enterprises (or any of its Subsidiaries (including any Guarantors)), other than the Principal, who voluntarily or upon any other termination is no longer employed by any of Icahn Enterprises or any of its Subsidiaries (including any Guarantors) and who holds Equity Interests that are required to be redeemed or purchased pursuant to any contractual requirements upon such termination of employment.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Medical means belonging to the study and practice of medicine for the prevention, alleviation or management of a physical or mental defect, illness, or condition.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Health means physical or mental health; and

  • New employee orientation means the onboarding process of a newly hired public employee, whether in person, online, or through other means or mediums, in which employees are advised of their employment status, rights, benefits, duties and responsibilities, or any other employment-related matters.

  • Continuing care retirement community means a residential

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).