Retirement Health Coverage Sample Clauses

Retirement Health Coverage. Post-retirement medical, mental health, substance abuse, pharmaceutical, vision, and dental coverage. Prime Rate. An interest rate per annum equal to the interest rate last published as the “Prime Rate” by The Wall Street Journal on or immediately prior to the date a given obligation first becomes due. Such published rate is defined by The Wall Street Journal as the base rate on corporate loans posted by at least 75% of the 30 largest U.S. banks.

Retirement Health Coverage. For a ------------------------------- three (3) year period commencing on the Closing Date (the "Post-Retirement Period"), Buyer shall, or shall cause a Subsidiary of ---------------------- Buyer to, provide post-retirement health coverage (excluding any post-retirement dental coverage) to each Transferred Employee (and eligible dependents) upon the termination of such Transferred Employee's employment; provided that such Transferred Employee -------- otherwise satisfies the applicable age and/or service requirements. Such post-retirement health coverage shall be at least substantially equivalent (in terms of the eligibility requirements, scope of the post-retirement health coverage provided and the cost of such coverage to the Transferred Employees) to either (A) that provided under the applicable post-retirement health program in effect immediately prior to the Closing Date, recognizing additional age and service credit accrued with Buyer and/or a Subsidiary of Buyer after the Closing, or (B) that provided to similarly situated employees of Buyer; provided, -------- however, that if Buyer or a Subsidiary of Buyer shall elect to provide ------- post-retirement health coverage through an Applicable Buyer Plan pursuant to this Section 5.11(n)(i)(B), Buyer or such Subsidiary of Buyer shall, for the duration of the Post-Retirement Period, waive any otherwise applicable company cost-sharing and life-time maximum limitations with respect to such post-retirement health coverage.

Retirement Health Coverage. 9 A. Unit members hired prior to July 1, 2019: 10 1. Unit members who retire may continue to 11 participate in the health care plan, as outlined, provided the unit 12 member makes the arrangements for premiums to be paid through the 13 retirement program. This benefit is dependent upon the continued

Retirement Health Coverage. 47-49 Retirement Insurance ............................................................................. 47- 50 Retirement Incentive............................................................................... 47, 48 Sabbatical Leave ................................................................................... 24

Retirement Health Coverage. A. Employees who retire on October 10, 2002 or after, who have completed twenty (20) years of St. ▇▇▇▇’▇-▇▇▇▇▇▇▇▇▇ bargaining unit seniority and have reached the age of sixty (60), will be eligible to participate in the Employers Retirement Medical Coverage Plan. Benefit coverage and employee contribution requirements will be the same as non-represented employees. Participation in the plan is available to employees until they are Medicare eligible according to law, and only if they have retired under the NYSNA Pension Plan.

Retirement Health Coverage. 23 A. Unit members who retire may continue to participate in 24 the health care plan, as outlined, provided the unit member makes 25 the arrangements for premiums to be paid through the retirement 26 program. This benefit is dependent upon the continued approval of 27 the insurance carrier. In the event that the Department re-enters 28 the California Public Employee Retirement System (PERS) provided 1 pursuant to the State Employees’ Medical and Hospital Care Act, the 2 Department agrees to pay the then-applicable monthly minimum 3 contribution rate established by the contract between the 4 City/Department and PERS. 5 B. When a unit member retires with a minimum of fifteen 6 (15) years of service with the Department and is at least age fifty- 7 five (55) at the time of retirement, and enrolls in a Department 9 contribution as follows: 10 1. Effective January 1, 2016 through December 31, 2017: up to 11 $917. 12 2. Effective January 1, 2018 through December 31, 2018: up to 13 $992. 14 Beginning January 1, 2019, and each January 1 thereafter, for 15 the remainder of the term of this MOU, the maximum contribution rate 16 for Department sponsored retiree medical plans will be automatically 17 adjusted and will be calculated as outlined in Section 6.2C1 above. 18 Retirees will be responsible for paying any premium amounts over the 19 established contribution rate. 20 If a retired unit member dies, and a spouse was otherwise 21 eligible for the monthly contribution (i.e., the retired unit member 22 was eligible at retirement and the retired unit member and spouse 23 participated in a health plan through the Department), the spouse 24 will continue to receive a monthly contribution up to the maximum 25 monthly contribution for their medical coverage premiums, provided 26 the spouse does not re-marry and remains in the Department’s health 28 If a retired unit member was not eligible to receive the 1 monthly contribution, and was enrolled in a Department group health 2 insurance plan as of July 1, 2003, that retired unit member (and 3 spouse, if applicable) will continue to receive an amount that is 4 equivalent to the then-current PERS minimum eligibility amount. In 5 order to receive this amount, the retired unit member (and spouse, 6 if applicable) must participate in the Department’s health plan. If 7 the retiree dies or has died, the spouse will continue to receive 8 this amount, provided that the spouse does not re-marry and 9 continues to participate in the D...

Retirement Health Coverage. The Company shall reimburse Executive for the one-time premium expended by Executive for the purchase of post-retirement health insurance for Executive and his family, such reimbursement to be made upon receipt by the Company of a copy of the premium statement therefor not to exceed $120,000.