Health Insurance for Retirees. 3.1 Through CalPERS the District agrees to provide qualifying unit members upon retirement at age sixty-five (65) with eligibility to participate in the CalPERS benefits program at CalPERS Retiree Supplement Rates. Said retirees will receive the district-paid minimum benefit provided for health insurance for all employees, active and retired. The minimum amount shall be established by CalPERS. In addition, a retiree whose eligibility status qualifies him or her for district-paid, lifetime retiree benefits shall receive a taxable service credit equal to the highest single active premium for HMO coverage minus the minimum benefit amount established by CalPERS. The total dollar obligation of the District, each year, to provide the benefits specified in the paragraph immediately above shall not exceed 0.88% (0.0088) of the prior year’s total revenue limit sources income. In any year in which the cost of the health benefits for retirees age sixty-five (65) and older as specified in the paragraph immediately above exceeds 0.88% (0.0088) of the prior year’s total revenue limit sources income, retirees sixty-five and older as specified in the paragraph immediately above shall contribute a pro-rata amount based upon the level of premiums paid on their behalf by the District, in order to make up the difference between cost and income. The 0.88% (0.0088) revenue limit cap on post-65 lifetime retiree benefits shall only be applied to those individuals receiving a Sequoia District retirement service credit. Eligible retirees who retire between the ages of fifty-five (55) and sixty-five (65) will be eligible to remain on the district-paid group health insurance plans and participate in CalPERS at the active employee rates until they reach age sixty- five (65). At age sixty-five (65), if the retired eligible unit member is not eligible for Medicare A, at no cost to the retiree, the District agrees to reimburse the retiree an amount up to the cost of the premiums for Medicare B and the Medicare supplement offered by the District’s health carriers for verifiable expenditures for the retiree’s health insurance premiums.
3.1.1 Eligibility for retiree benefits in CalPERS is determined by CalPERS to be five years of fully paid contributions as a member of STRS or PERS. All retirees past or present who meet this minimum eligibility qualification and have retired or subsequently will retire from Sequoia District shall be eligible to receive retiree benefits as described in parag...
Health Insurance for Retirees. Employees who retire and are drawing retirement benefits from the Employer shall have the same terms and conditions for health insurance benefits apply to them as are provided to non-union County retirees which may change by resolution of the Board of Commissioners.
Health Insurance for Retirees. 5 18.4.1 Bargaining unit members who were hired before July 1, 2006 will be 6 eligible for the retirees’ health insurance benefits subject to the following conditions: This 7 provision shall apply to unit members retiring between the ages of fifty-five (55) and sixty-nine 8 (69); the unit member must have served in a certificated position in the California public school 9 system for at least fifteen (15) years and in the Oxnard School District for the eight (8) 10 consecutive years preceding the date of retirement and the unit member must be participating in 11 the health benefits program for at least 8 of the last 10 years preceding their retirement date. One 12 of the eight (8) years must be the year of retirement. For such unit members who elect to 13 participate in this benefit, the District shall contribute the full amount of the composite rate 14 premium for group health insurance and the full amount of the premium for vision and dental
Health Insurance for Retirees. Effective September 1, 1979, members of the Lancaster County Deputy Sheriffs' Association, upon retirement, may participate in the Group Health Insurance Program for active County employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly premium at the then current rates subject to any rate increases which may occur from time to time. Such payment shall be made to the County Clerk by the fifth of the month preceding the month of coverage.
Health Insurance for Retirees. For retirees hired on or before 3 eligible for Medicare prior to reaching age sixty-nine (69), the District’s health 4 insurance contribution shall be the full amount of the premium for 5 secondary/supplemental coverage to Medicare A and B until age sixty-nine (69).
Health Insurance for Retirees. The Employer agrees to provide during the term of this Agreement, such health insurance as is provided to other similarly situated retirees of the Employer, for all eligible employees, with the Employer paying the cost for the retiree only. An eligible employee shall have twenty (20) or more years of service at the normal retirement age of sixty (60), or as the collective bargaining agreement plan provides for, be receiving retirement benefits under the Michigan Municipal Retirement System (MERS), and certify that substantially the same group coverage is not available under another health insurance plan. For retirees prior to January 1, 2015 only, the retiree’s spouse will be charged a premium rate equal to that of the retiree and the Employer will pay Thirty Dollars ($30.00) per month of that premium. For employees retiring after January 1, 2015, the retiree’s spouse will be charged a premium rate equal to that of the retiree. Spousal cost is the difference between the retiree’s single premium rate, subtracted from 2 person premium rate.
Health Insurance for Retirees. Employees hired prior to July 1, 2011 who have fifteen years of service and receive a Normal Retirement or employees who receive a disability retirement, shall be eligible to elect the health insurance coverage contained in Section 9.2 and Exhibit I, subject to Section 9.12, (no dental or optical coverage provided for the retired employee and his/her spouse commencing with the first month for which he or she actually receives a retirement benefit until age 65. An eligible retired employee who elects such coverage shall contribute $15.00 per month for each individual under age 65 for which coverage is provided. Effective for retirements after July 1, 1999, Retiree contribution for health insurance shall be: $30.00 per month per individual until age 65. When such eligible retired employee and/or spouse reaches the age of 65, eligibility shall be for Medicare Complementary coverage. Such coverage assumes coverage under both parts A and B under Medicare. An eligible retired employee who elects such coverage shall contribute $8.00 per month for each individual age 65 or older for which coverage is provided. Effective for retirements after July 1, 1999, Retiree contribution for health insurance shall be: $15.00 per month per individual over age 65. Employees retiring on or after July 1, 2015, shall make the following retiree health insurance contributions: Retiree contributions for health insurance shall be $80 per month for each individual under age 65 for whom coverage is provided and $40 per month per individual over age 65. Coverage will be available for the retired employee and his/her spouse only. Dependent coverage and family continuation and sponsored dependent riders will be available at the retired employee's expense only for those individuals for which these coverage’s and riders were being elected immediately prior to retirement. The coordination of benefits provisions for active employees shall be applicable for coverage for retired employee's spouse and dependents under the City's plan. Coverage as provided herein terminates at the end of the month in which the last benefit is paid under the Retirement System. Retired employees age 65 and older: Shall be eligible to receive Medicare Complimentary coverage as described in Exhibit I pages I-4 and I-5. Employees who receive a Deferred Retirement Benefit having been employed by the City for twenty (20) years or more shall be eligible to elect the health insurance benefits specified in this Section comm...
Health Insurance for Retirees. Full-time employees who retire under the provisions of the Wisconsin Retirement System (WRS) may continue the health insurance plan as follows, unless otherwise specified by applicable labor agreement:
A. Any regularly appointed full-time employee retiring under the provisions of the WRS with greater than or equal to fifteen (15) years of service shall have the privilege of retaining City health insurance, the full premium costs being paid by the City, from the first month following the retiree’s sixtieth (60th) birthday, for a maximum of five (5) years, or until the retiree becomes eligible for other paid health insurance, becomes eligible for Medicare, or until the retiree attains the age of sixty-five (65), whichever occurs first.
B. Any regularly appointed full-time employee retiring under the provisions of the WRS with greater than or equal to eight (8) years of service but less than fifteen (15) years of service shall have the privilege of retaining City health insurance, the full premium costs being paid by the City, from the first month following the retiree’s sixty-second (62nd) birthday, for a maximum of three (3) years, or until the retiree becomes eligible for other paid health insurance, becomes eligible for Medicare, or until the retiree attains the age of sixty-five (65), whichever occurs first.
Health Insurance for Retirees. Any employee who retires on or after 1/1/08 and who is eligible for retiree health insurance benefits, and who opts out of such retiree health insurance due to other coverage, shall receive a cash payout equivalent to fifty (50%) percent of the value of Individual Coverage for the plan with the most active employee enrollees. The payment shall be issued semi- annually to the retiree upon the retiree providing a written statement of their other coverage and waiver of insurance through the County. Retirees shall be required to provide verification of their health insurance status annually. No retiree may be covered by County health insurance and also receive the buyout. Should a retiree need to acquire health insurance through the County due to a life-changing event (divorce, death of spouse, loss of other coverage, etc.) and such retiree had already takenthebuyout for that year, the retiree may makeapplicationand receivecoverageaccording to the health insurance plan coverage requirements and will receive a pro-rata amount of the buyout up to the retiree's return date to County health insurance coverage.
Health Insurance for Retirees. The School District’s Early Retirement Policy #4112.3 shall not apply to members of this bargaining unit, except that full-time employees who completed ten (10) or more school years of service to this School District as of June 30, 2005 shall be grandfathered to receive the benefits in School District Policy #4112.3 (below), provided they meet the eligibility requirements set forth in that policy when they retire and provided that they do not receive health insurance from another employer after they retire from this School District’s employment.
