Contract City Pension Plan. Bargaining unit members acquired through contractual agreement with cities and retiring from a contract city pension plan must meet the definition and eligibility requirements of the applicable contract city pension plan’s regular retirement for retirement insurance discount eligibility determination.
Contract City Pension Plan. Those bargaining unit members retiring from a contract city pension plan must meet the definition and eligibility requirements of the applicable contract city pension plan’s regular retirement for retirement insurance discount eligibility determination. Bargaining unit members who retire after October 1, 2006, and qualifies for normal retirement as defined by Florida Retirement System (FRS) or by the bargaining unit member’s contract city pension plan or early retirement due to disability (outlined in Article 21 Section I) shall receive a post retirement health insurance discount benefit. Under said plan, the retiring member who is qualified for normal retirement as defined by Florida Retirement System (FRS) or by the bargaining unit member’s contract city pension plan will receive two percent (2%) credit for each year of creditable service with BSO, not to include contract city time, pro-rated by each full month of creditable BSO service, up to a maximum of fifty percent (50%) of the total health insurance premium cost on the date of separation/retirement.
