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.
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. 12 For employees retiring on or after September 1, 1995 and having 13 attained the age of fifty-five (55) years, the District shall provide insurance 14 benefits subject to the provisions and conditions outlined below:
Health Insurance for Retirees. Employees who have fifteen years of service and receive a Normal or Disability Retirement, shall be eligible to elect the health insurance coverage contained in Article X, Section 10.2, and Exhibit H, subject to Section 10.14, (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 $40.00 per month for each individual under age 65 for which coverage is provided. When such eligible retired employee and/or spouse reaches the age of 65, eligibility shall be for Medicare Complementary coverage as shown in Exhibit H. Such coverage assumes coverage under both parts A and B under Medicare. An eligible retired employee who elects such coverage shall contribute $20.00 per month for each individual age 65 or older for which coverage is provided. 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 coverages 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. 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 commencing with the first month for which he/she actually receives a retirement benefit, provided that such retired employee contributes 50% of the cost for such coverage. Employees retiring after February 15, 2012, shall make the following retiree health insurance contributions: Retiree contributions for health insurance shall be $60 per month for each individual under 65 for whom coverage is provided and $30 per month per individual over 65. Employees retiring after July 1, 2015, shall make the following retiree health insurance contributions: Retiree contributions for health insurance shall be $65 per month for each individual under 65 for whom coverage is provided and $35 per month per individual over 65.
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:
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. 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. 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. PERSONNEL 4112.3
Health Insurance for Retirees. (1) Full-term retirement is defined as twenty-five (25) years of service with the City. The limitations set forth above shall continue to be in effect. For eligible full-term employees retiring on or after January 1, 2012, the City shall provide Blue Cross Blue Shield Community Blue 4 (CB4) at retirement to those employees hired prior to September 28, 2009. Should Community Blue 4 not be available where the retiree lives, the City shall provide hospitalization insurance that is equal to or greater than the Community Blue 4 at no cost to the employee. All eligible full-time employees and their spouses at the time of retirement who retire on or after January 1, 2012, shall receive a closed formulary $5 generic/$40 preferred brand/$80 non- preferred brand prescription drug card provided the employee was hired prior to September 28, 2009. All retirees retiring after February 1, 2014, and who are eligible for retiree health insurance as defined by this Collective Bargaining Agreement, shall receive the same prescription drug benefits afforded to active employees. Employees who retire on or after March 9, 2019 who are eligible for retiree health care shall mirror the active employee health care plan as well as the prescription drug benefits afforded to active employees. No retiree health insurance will be provided to any full-time employee hired on or after September 28, 2009. In lieu of health insurance, the employee shall receive a health care savings plan into which the City will contribute $100 per month and the employee will contribute 8% of their base salary.
