Common use of Health Insurance for Retirees Clause in Contracts

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. 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 (MERSMMERS), 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.