Retirement Insurance definition

Retirement Insurance. Provision: Eligible teachers retiring shall be eligible to receive a lump sum amount of $10,000 payable to a third party vender selected by the District to provide retiring teachers a tax shelter for IRS qualifying health insurance premiums and out of pocket medical expenses, such as the Minnesota State Retirement System plan, (as approved under IRS 501 (C)(9) Voluntary Employee Beneficiary Association and 115 Government Trust) or equivalent. The District payment will be made on or about July 15th following retirement. To qualify, a teacher shall meet the following criteria: 1) Minimum of 15 years experience (10 years in District).
Sample 1

Examples of Retirement Insurance in a sentence

  • As an attorney for the Prudential Retirement Insurance and Annuity Company (“PRIAC”), I provide legal advice to PRIAC in connection with the operation of its variable products.

  • Object provides a further breakdown of basic100-Personal Services subject areas, while the third set pro-(Salaries & Wages) vides a breakdown of the second set.200-Employee Retirement& Insurance Benefits F.

  • The indemnity agreement in this paragraph shall, upon same terms and conditions, extend to and inure to the benefit of each person, if any, who may be deemed to control the Company and to its officers, directors, partners, employees, agents or servants and shall survive the termination of the Company's engagement hereunder.

  • You may not make after-tax, direct installment payments for the cost to upgrade to the 2.2 benefit formula.For service performed on or after July 1, 1995, all active TRS members, except employees of state agencies, are required to make contributions to the Teachers’ Health Insurance Security (THIS) Fund when making an optional service credit purchase to help finance the Teachers’ Retirement Insurance Program.

  • The student should notify Academic Affairs of any change of address while on leave and, no later than one month before the start of the semester or term that follows the leave, contact Academic Affairs that he or she will resume the program.Students receiving financial aid (including government loans) who wish to take an LOA should contact the Financial Aid Office for possible restrictions.

  • All notices with respect to payments, and written confirmation of each such payment, to be addressed to: Prudential Retirement Insurance and Annuity Company c/o Prudential Investment Management, Inc.

  • If your total balance due is less than $50, your payment must be for the full amount due.TRS members, except employees of state agencies, are required to make contributions to the Teachers’ Health Insurance Security (THIS) Fund when making an optional service credit purchase to help finance the Teachers’ Retirement Insurance Program.

  • You must also contribute a per- centage of your gross creditable earnings to help fund the Teachers’Health Insurance Security (THIS) Fund, which finances the Teachers’ Retirement Insurance Program.Contributions are withheld from your creditable earnings by pay- roll deduction or are paid by your employer and are credited to your TRS account.

  • The con- tributions for the Teachers’ Retirement Insurance Program and the 1 percent survivor benefit contribu- tion are not refundable.Refund of retirement contributions You may request a refund of your TRS contributions.

  • They will only have the option of participating in the State of Illinois Teachers’ Retirement Insurance Program (TRIP)/Teachers’ Choice Health Plan (THCP) instead of participating in the Glenbard Township High School District #87 Group Insurance Program.

Related to Retirement Insurance

  • Credit unemployment insurance means insurance:

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Reimbursement insurance policy means a policy of insurance

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Long-term disability insurance or "LTD insurance" means employ- er-paid long-term disability insurance and employee-paid long-term disability insurance offered by the PEBB program.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Accidental death and dismemberment insurance or "AD&D" means basic accidental death and dismemberment (AD&D) insurance paid for by the employing agency, as well as supplemental accidental death and dismemberment insurance offered to and paid for by employees for them- selves and their dependents.

  • insurance period means a contribution period or an equivalent period;

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • 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.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Retiree means any person who has begun accruing a retirement

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.