Medical Coverage for Retirees Sample Clauses
The "Medical Coverage for Retirees" clause defines the terms under which retired employees are eligible to receive medical benefits from their former employer. Typically, this clause outlines who qualifies as a retiree, the types of medical plans available, and any cost-sharing arrangements such as premiums or co-pays. It may also specify the duration of coverage and any conditions that could affect eligibility, such as age or years of service. The core function of this clause is to provide clarity and assurance regarding post-retirement healthcare, helping retirees plan for their medical needs and financial obligations after leaving active employment.
Medical Coverage for Retirees. Any employee hired prior to July 1, 2005, and retiring during the term of this contract with twenty (20) or more years of full-time service with the City, and who is age 60 or older, shall be eligible for a monthly payment of $60.20 towards Blue Cross MediCheck 65 insurance coverage or its equivalent. This payment shall be available to age 65 and must be requested by the employee in writing no later than 90 days following the date of retirement and no sooner than 90 days prior to the date of retirement.
Medical Coverage for Retirees. 18.10.1 Lecturer faculty members who meet the qualifications of the USNH definition of a retiree (see USY.C.9.2), are enrolled in a USNH medical plan prior to retirement, and retire may continue coverage until they are eligible for Medicare coverage at age 65. The maximum period of continued coverage beginning with retirement and at the employee cost share is three years.
18.10.2 Spouses, domestic partners who are eligible under the hardship exception, and/or dependents of retirees, who are covered under the Lecturer faculty member’s USNH medical plan at the time of retirement are eligible for continued coverage as long as they meet the eligibility criteria under the medical plan. Coverage for family members ends on the same date as coverage for the retiree ends. The Lecturer Faculty member will pay the same premium as active employees for the dependent coverage.
Medical Coverage for Retirees. Age 62 through 65
Medical Coverage for Retirees. Unit members who wish to retire prior to the age of 65 may receive up to two (2) party [employee 3 plus one eligible dependent(spouse or one child under age 26)] HMO medical coverage from the District. (The 4 PPO and/or family coverage will be available as a buy-up) Participation in the program shall be on a voluntary 5 basis on the part of the former employee. To be eligible to participate in the program the employee must:
Medical Coverage for Retirees. Hired before January 1, 2002 (or when Government Code Section 22893 is implemented)
Medical Coverage for Retirees. 18.10.1 Lecturer Faculty members who meet the qualifications of the USNH definition of a retiree (see USY.C.9.2), are enrolled in a USNH medical plan prior to retirement, and retire may continue coverage until they are eligible for Medicare coverage at age 65. The maximum period of continued coverage beginning with retirement and at the employee cost share is three years.
Medical Coverage for Retirees. Any employee hired prior to July 1, 2005, and retiring during the term of this contract with twenty (20) or more years of full-time service with the City, shall be eligible for a one-time contribution into their HRA/VEBA account in the amount of
Medical Coverage for Retirees. Employees who retire under service retirement as regulated by the Public Employees’ Retirement System, will receive medical coverage as specified by Resolution No. 89-06.
Medical Coverage for Retirees. Employees with ten (10) years or more of service who retire under the permanent disability provision of the retirement plan, or at age 55 or over, during the term of this Agreement will be covered under the active medical plan in effect at the time, including any subsequent6 phased-in changes. These rates are subject to increase incrementally each year during the term of the agreement. 2014
Medical Coverage for Retirees. A. Eligibility Regular faculty members hired before July 1, 2012 who have served the College for a minimum of twenty (20) years of continuous employment including approved leaves of absence and are eligible to participate in the Oregon Public Employees Retirement System shall have the right to medical coverage until eligible for Medicare.