Common use of Health Insurance for Retirees Clause in Contracts

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.

Appears in 1 contract

Samples: www.bhamgov.org

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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. Employees retiring after October 10, 2016, shall make the following retiree health insurance contributions: Retiree contributions for health insurance shall be $80 per month for each individual under 65 for whom coverage is provided and $40 per month per individual over 65.

Appears in 1 contract

Samples: cms7files1.revize.com

Health Insurance for Retirees. Employees hired prior to July 1, 2011 who have fifteen years of service and receive a Normal Retirement or Disability Retirementemployees who receive a disability retirement, shall be eligible to elect the health insurance coverage contained in Article X, Section 10.2, 9.2 and Exhibit HI, subject to Section 10.149.12, (no dental or optical coverage provided) 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 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 as shown in Exhibit H. coverage. Such coverage assumes coverage under both parts A and B under Medicare. An eligible retired employee who elects such coverage shall contribute $20.00 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 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 age 65 for whom coverage is provided and $30 per month per individual over age 65. Employees retiring on or after July 1, 2015, shall make the following retiree heatlh 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 coverages 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 commencing with the first month for which he/she actually receives a retirement benefit, provided that such retired employee 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 Coverage as provided herein terminates at the following retiree health insurance contributions: Retiree contributions for health insurance shall be $60 per end of the month for each individual which the last benefit is paid 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 65Retirement System.

Appears in 1 contract

Samples: www.bhamgov.org

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Health Insurance for Retirees. Employees hired prior to July 1, 2011 who have fifteen years of service and receive a Normal Retirement or Disability Retirementemployees who receive a disability retirement, shall be eligible to elect the health insurance coverage contained in Article X, Section 10.2, 9.2 and Exhibit HI, subject to Section 10.149.12, (no dental or optical coverage provided) 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 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 as shown in Exhibit H. coverage. Such coverage assumes coverage under both parts A and B under Medicare. An eligible retired employee who elects such coverage shall contribute $20.00 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 coverages 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 commencing with the first month for which he/she actually receives a retirement benefit, provided that such retired employee 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 Coverage as provided herein terminates at the following retiree health insurance contributions: Retiree contributions for health insurance shall be $60 per end of the month for each individual which the last benefit is paid 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 65Retirement System.

Appears in 1 contract

Samples: Agreement

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