Common use of Health Insurance Payment Program (Line and Day Personnel Clause in Contracts

Health Insurance Payment Program (Line and Day Personnel. At the time of retirement, 472 the employee’s sick leave to a maximum allowable payout of 95 working days for line 473 personnel and with a 1.42 conversion factor for day personnel shall be placed in an 474 escrow account for purposes of payment of employee’s health insurance premiums. The 475 employee may convert earned, unused vacation days to sick leave days during the 476 employee’s last 5 years of employment, the number of days not to exceed the dollar 477 amount needed to pay health insurance premiums until age 65. All employees reaching 478 normal retirement or disability prior to attaining such age shall be eligible to continue in 479 the City’s health insurance group plan until the age of 65. However, when an employee 480 reaches the age of 65 and the employee’s spouse is still under the age of 65, the 481 account can still be used by the spouse to pay health insurance premiums until such 482 time that the spouse reaches age 65 or the total account is expended, whichever occurs 483 first. If funds remain in the employee’s escrow account at age 65, these funds may be 484 used to purchase supplemental Medicare insurance from the present health insurance 485 carrier for the employee and spouse until the escrow account is depleted. The City shall 486 pay all of the monthly premium payable, provided that the total amount expended for 487 such insurance for each retired employee shall be limited to an amount equal to the 488 percentage set forth below of the value of any accumulated and unused sick pay 489 standing to the credit of that employee as of that employee’s date of retirement: 490 100% for employees retiring under disability retirement 491 100% for employees retiring into the State Retirement System 492 After the amount expended for any employee reaches the limit for such employee, the 493 monthly premiums shall thereafter be paid by the employee. 494 14.2.1 Surviving spouses, until remarriage, will be eligible to apply the escrowed 495 amount for health insurance premium payment purposes.

Health Insurance Payment Program (Line and Day Personnel. At the time of retirement, 472 479 the employee’s sick leave to a maximum allowable payout of 95 working days for line 473 480 personnel and with a 1.42 conversion factor for day personnel shall be placed in an 474 481 escrow account for purposes of payment of employee’s health insurance premiums. The 475 482 employee may convert earned, unused vacation days to sick leave days during the 476 483 employee’s last 5 years of employment, the number of days not to exceed the dollar 477 484 amount needed to pay health insurance premiums until age 65. All employees reaching 478 485 normal retirement or disability prior to attaining such age shall be eligible to continue in 479 486 the City’s health insurance group plan until the age of 65. However, when an employee 480 487 reaches the age of 65 and the employee’s spouse is still under the age of 65, the 481 488 account can still be used by the spouse to pay health insurance premiums until such 482 489 time that the spouse reaches age 65 or the total account is expended, whichever occurs 483 490 first. If funds remain in the employee’s escrow account at age 65, these funds may be 484 491 used to purchase supplemental Medicare insurance from the present health insurance 485 492 carrier for the employee and spouse until the escrow account is depleted. The City shall 486 493 pay all of the monthly premium payable, provided that the total amount expended for 487 494 such insurance for each retired employee shall be limited to an amount equal to the 488 495 percentage set forth below of the value of any accumulated and unused sick pay 489 496 standing to the credit of that employee as of that employee’s date of retirement: 490 497 100% for employees retiring under disability retirement 491 498 100% for employees retiring into the State Retirement System 492 499 After the amount expended for any employee reaches the limit for such employee, the 493 500 monthly premiums shall thereafter be paid by the employee. 494 14.2.1 Surviving spouses, until remarriage, will be eligible to apply the escrowed 495 amount for health insurance premium payment purposes.

Health Insurance Payment Program (Line and Day Personnel. At the time of retirement, 472 467 the employee’s sick leave to a maximum allowable payout of 95 working days for line 473 468 personnel and with a 1.42 conversion factor for day personnel shall be placed in an 474 escrow 469 account for purposes of payment of employee’s health insurance premiums. The 475 470 employee may convert earned, unused vacation days to sick leave days during the 476 471 employee’s last 5 years of employment, the number of days not to exceed the dollar 477 472 amount needed to pay health insurance premiums until age 65. All employees reaching 478 473 normal retirement or disability prior to attaining such age shall be eligible to continue in 479 474 the City’s health insurance group plan until the age of 65. However, when an employee 480 475 reaches the age of 65 and the employee’s spouse is still under the age of 65, the 481 account 476 can still be used by the spouse to pay health insurance premiums until such 482 time that the 477 spouse reaches age 65 or the total account is expended, whichever occurs 483 first. If funds 478 remain in the employee’s escrow account at age 65, these funds may be 484 used to purchase 479 supplemental Medicare insurance from the present health insurance 485 carrier for the 480 employee and spouse until the escrow account is depleted. The City shall 486 pay all of the 481 monthly premium payable, provided that the total amount expended for 487 such insurance 482 for each retired employee shall be limited to an amount equal to the 488 percentage set forth 483 below of the value of any accumulated and unused sick pay 489 standing to the credit of that 484 employee as of that employee’s date of retirement: 490 485 100% for employees retiring under disability retirement 491 486 100% for employees retiring into the State Retirement System 492 487 After the amount expended for any employee reaches the limit for such employee, the 493 488 monthly premiums shall thereafter be paid by the employee. 494 14.2.1 Surviving spouses, until remarriage, will be eligible to apply the escrowed 495 amount for health insurance premium payment purposes.