Health Insurance for Retired Employees. All employees hired prior to June 30, 1990, who retire from the City (i.e. begin to draw from their PERS retirement accounts) and have a minimum of ten (10) years of City service shall be eligible for retiree health benefits. The City’s contributions towards retiree medical insurance shall not exceed the actual costs for the employee or employee and spouse, based on the City Kaiser Rate. Employees who retire (i.e. begin to draw from their PERS retirement account) after 20 years of City service, shall be entitled to receive City paid retiree dental insurance for the employee or the employee and spouse.
Health Insurance for Retired Employees. All employees hired prior to June 30, 1990, who retire from the City (i.e., begin to draw from their PERS retirement accounts) shall continue to be eligible for retiree health benefits. This consists of City contributions to medical insurance for retirement, after 10 years of City service, and dental insurance, for retirement after 20 years of City service, for both employee and spouse. Employees who are ineligible for City paid retiree health insurance may elect upon retirement to continue medical and dental coverage at their own expense through the City’s medical and dental plans. Only employees hired prior to June 30, 1990 who retire after ten (10) years of City service shall be eligible to cause the City to pay the prescribed monthly contributions toward the payment of medical insurance premiums for them and eligible dependents and eligible survivors, and only employees hired prior to June 30, 1990 who retire after twenty (20) years of City service shall be eligible to cause the City to pay the prescribed monthly contributions toward the payment of dental insurance premiums for them and eligible dependents and eligible survivors. The City’s monthly contribution towards retiree medical insurance shall not exceed the actual costs for employee or employee and spouse, whichever is applicable, based on the “City-Kaiser” Plan rate. All employees and retirees who do not satisfy the prerequisites described above shall still have the option to continue medical and dental insurance coverage for them and eligible dependents under the City’s medical and dental plans at their own expense. Xxxxxxxx retirees must join Medicare so long as this does not result in any loss of coverage or increased cost to the retiree. In that connection, the City will reimburse eligible retirees for the cost of the Medicare coverage, which is automatically withdrawn from their Social Security checks. Retirees must supply the City with proof of payment (including deductions from Social Security checks) for this coverage, and will be reimbursed on a quarterly basis. No retroactive reimbursements will be given.
Health Insurance for Retired Employees. Retiring employees may continue to participate in the group health insurance plan after retirement in accordance with COBRA. Following the COBRA period, retirees participate in the College Insurance Program for Retirees administered by Illinois Central Management System (CMS). Employees hired after July 1, 2005, who retire from active full-time employment at the College and have been employed full-time for twenty (20) years, or employees hired prior to July 1, 2005, who have been employed full-time for ten (10) years or more are eligible for partial premium refunds. Those eligible will receive a refund equal to the difference between the rates within the retirees’ College Insurance Program and the Xxxx X. Xxxxx College insurance plan. No reimbursement will occur unless the retiree’s cost is higher than the current employees’ share of comparable coverage under the Xxxx X. Xxxxx College plan. Employees ineligible for participation in the College Insurance Program due SURS benefit plan selection, but who would have otherwise been eligible for partial premium refund, will be provided a premium refund not to exceed the refund had the employee been eligible for the College Insurance Program. Payments will begin upon receipt of a written request of such, which must be accompanied by verification of coverage. At the death of a retired employee, coverage will be extended to a surviving spouse if previously covered. Employees hired after January 1, 2013 are ineligible for premium reimbursement. Employees currently retired shall continue to have coverage under the same conditions as currently exist. Upon eligibility for Medicare benefits or other future healthcare programs for eligible retirees, retirees must sign up for such coverage to cause their retiree plan to become secondary coverage. Failure to do so will result in the retiree being solely responsible for any additional increase to the cost of insurance coverage. The College will not take into consideration premiums paid for programs other than the College Insurance Program for community college retirees when calculating potential reimbursement.
Health Insurance for Retired Employees. All employees hired prior to June 30, 1990, who retire from the City (i.e., begin to draw from their PERS retirement accounts) shall continue to be eligible for retiree health benefits. This consists of City contributions to medical insurance for retirement, after 10 years of City service, and dental insurance, for retirement after 20 years of City service, for both employee and spouse. Employees who are ineligible for City paid retiree health insurance may elect upon retirement to continue medical and dental coverage at their own expense through the City's medical and dental plans. The City will reimburse eligible retirees for the cost of the standard “Part B” Medicare premium, which is $134 per month in 2017, for those employees who elect such coverage. This amount is subject to change based on adjustments by the Federal government. This cost is automatically withdrawn from those employees' Social Security checks. Employees must supply the City with proof of payment of said coverage, and will be reimbursed on a quarterly basis. No retroactive reimbursements will be given.
Health Insurance for Retired Employees. Full insurance benefits for retirees and dependents for one (1) year following retirement will be provided by the College. The College shall continue payment of all health benefits for the retiree until the retiree reaches the age of sixty-five (65) or qualifies for Medicare or another equivalent replacement of Medicare. The retired employee may maintain personal health and other existing benefits for dependents at the retiree’s expense after retirement.
Health Insurance for Retired Employees. The Employer agrees to make insurance benefits available to retired employees up until the time that said employee qualifies for Medicare. This provision shall be contingent upon the retired employee paying 100% of the insurance premium costs.
Health Insurance for Retired Employees. The Employer will continue to provide the same level of health insurance to retired employees as provided current employees, but such retired employees will not be required to contribute to the medical insurance premium co-pay.
Health Insurance for Retired Employees. All employees hired prior to July 1, 1990, who retire (i.e., begin to draw from their PERS retirement accounts), and have a minimum of ten (10) years of City service shall be eligible for
Health Insurance for Retired Employees. Employees who retire from the County, are receiving retirement benefits from the New York State Retirement System and have the County retirement service credit years with the County government, shall have the option to elect contributory health insurance coverage from the County based on the following schedule: COUNTY SERVICE COUNTY SHARE OF COVERAGE CREDIT YEARS INDIVIDUAL DEPENDENT 10-14 years 50% 35% 15-19 years 60% 45% 20-24 years 70% 55% 25 years or more 80% 65%
Health Insurance for Retired Employees. A) In order to be eligible for the benefit provided herein, the employee must have the following:
1) For any employee hired after April 15, 2013: twenty (20) years of service as an employee of Essex County; however, for any employee currently employed with the County who was hired on or before April 15, 2013, shall be grandfathered under the fifteen (15) years of service requirement.
2) Be eligible for and activate his/her retirement benefit provided by the New York State Retirement System upon terminating service with the County.
3) A one-year grace period will be provided for the employee to decide if he/she will or will not activate their New York State Retirement which would entitle them to the Retirement Health Insurance Benefit. Failure to activate the New York State Retirement within the one-year grace period will relieve the County of the obligation to provide a Retirement Health Insurance Benefit.
4) The County will not be required to provide Health Insurance Coverage during the grace period; however, the employee will be allowed to maintain coverage by paying the full cost of the County’s premium during the one-year grace period.
5) Employee with twenty-five (25) or more years of service shall be entitled to Retirement Health Insurance without the requirement of activating their New York State Retirement benefit as detailed in subsection two (2) above. Such employee shall be allowed to request coverage at the time they choose to activate their New York State Retirement benefit.
B) Except as provided below, employees who retire effective during the term of this Agreement will continue to pay the same percentage amount they were contributing toward their active premium at the time of their retirement.
C) If retiree health insurance premiums increase after retirement, the retiree’s percentage contribution amount as identified in Section (B.), above shall be increase yearly based upon the Cost-of-Living Adjustment (COLA) percentage as determined by the U.S. Social Security Administration, see below for explanation of the COLA formula.
1) The Social Security Act specifies a formula for determining each COLA. In general, a COLA is equal to the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of one year to the third quarter of the next.
D) Should a retiree choose to switch health insurance plans after his/her date of retirement, said retiree’s contribution toward premium payments...
