Common use of Health insurance premiums Clause in Contracts

Health insurance premiums. An employee who chooses to retire, who has reached at least the age of fifty (50), who is eligible for retirement benefits from PERA, and who has at least ten (10) years of service (defined as “uninterrupted employment with the Employer, whether part-time or full-time”), shall receive health insurance premiums paid for in part or whole by the Employer up to becoming eligible for Medicare in accordance with the following schedule: Years of Continuous Service Employer Share of Premium Ten (10) years 50% Twenty (20) years 66% Twenty-five (25) years 85% Thirty (30) years Not to exceed the active employee rates.

Health insurance premiums. An employee who chooses to retireretire prior to age sixty- five (65), who has reached at least the age of fifty (50), who is eligible for retirement benefits from PERA, and who has at least ten (10) years of service (defined as “uninterrupted employment with the Employer, whether part-time or full-time”), shall receive health insurance premiums paid for in part or whole by the Employer up to becoming eligible for Medicare in accordance with the following schedule: Years of Continuous Service Employer Share of Premium Ten (10) years 50% Twenty (20) years 66% Twenty-five (25) years 85% Thirty (30) years Not to exceed the active employee rates.