Employees hired on or after January 1, 1996, shall not have or acquire in any way any eligibility for Employer-paid health insurance premium contribution for coverage in retirement at age sixty-five (65) and over in Subd. 4. Employees hired on or after May 1, 1996, shall be eligible for only early retirement insurance premium contributions as provided in Subd. 2 and Deferred Compensation match in Subd. 5.
Employees hired on or. Before October 1, 2013 Employees who provide proof of alternative minimum essential coverage for themselves and their tax family shall receive $1,096.59 per month, beginning the first full pay period after sufficient proof is provided. Employees who elect a medical plan but do not use the entirety of their cafeteria plan allowance shall receive a monthly cash payment equal to the difference between the cafeteria plan allowance and the cost of their medical election minus the least expensive rate for the elected medical insurance tier for a single employee. The maximum amount of unused allowance shall be $1096.59 per month, which is subject to taxation as wages.
Employees hired on or after December 1, 2013, and after ten (10) consecutive years of service with LMHA; or when an employee is eligible for and retires from OPERS at the time of separation shall receive a cash payment for accumulated but unused sick leave up to a maximum of two hundred forty (240) hours.
