Common use of Cost of Coverage Clause in Contracts

Cost of Coverage. (1) Until a retiree attains age 65, a retiree maintaining coverage, as described in subsection 3.a.(1) of this Article, above, shall pay 100% of the premium cost associated with such coverage. The retiree shall have such cost deducted from his/her monthly pension check. (2) Upon attaining age 65, the city will assume 100% of the premium cost associated with the coverage, as described in subsection 3.a.(2) of this Article, above,. A retiree may elect to maintain his/her additional life insurance but shall pay 100% of the premium cost associated with such coverage minus the city provided life insurance coverage, as described in subsection 3.a.(2) of this Article, above,.

Cost of Coverage. (1) Until a retiree attains age 65, a retiree maintaining coverage, as described in subsection 3.a.(17.a.(1) of this Article, above, shall pay 100% of the premium cost associated with such coverage. The retiree shall have such cost deducted from his/her monthly pension check. (2) . Upon attaining age 65, the city will assume 100% of the premium cost associated with the coverage, as described in subsection 3.a.(27.a.(2) of this Article, above,. A retiree may elect to maintain his/her additional life insurance but shall pay 100% of the premium cost associated with such coverage minus the city provided life insurance coverage, as described in subsection 3.a.(27.a.(2) of this Article, above,.