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 23 in subsection 8.a.(1) of this Article, above, shall pay 100% of the premium 24 cost associated with such coverage. The retiree shall have such cost 25 deducted from his/her monthly pension check. (2) Upon attaining age 65, the city will assume 100% of the premium cost 27 associated with the coverage, as described in subsection 8.a.(2) of this 28 Article, above,. A retiree may elect to maintain his/her additional life

Cost of Coverage. (1) Until a retiree attains age 65, a retiree maintaining coverage, as described 23 in 25 subsection 8.a.(1) of this Article, above, shall pay 100% of the premium 24 cost 26 associated with such coverage. The retiree shall have such cost 25 deducted 27 from his/her monthly pension check. (2) Upon attaining age 65, the city will assume 100% of the premium cost 27 associated with the coverage, as described in subsection 8.a.(2) of this 28 Article, above,. A retiree may elect to maintain his/her additional life