Health Insurance - Retirees. For any employee who retires during the term of this agreement, the Authority agrees to maintain health insurance coverage and to pay the amount required by P.E.R.S. toward the premium cost thereof, provided the retiree remits to the Authority any further payment due, secures Medicare coverage when eligible, and subject to the following: Effective January 1, 2014, for retirees who meet the eligibility requirements for retiree healthcare insurance, the Authority’s monthly contribution for the retiree and the retiree’s eligible dependents shall be in accordance with the Minimum Employer Contribution (MEC) established by the Public Employees Medical and Hospital Care Act (PEMHCA), and in addition; Employees Hired Before April 1, 2013: For all employees first covered by Xxxx Valley Firefighters Association or the Xxxx Valley Fire Chief Officers Association agreements prior to April 1, 2013, upon retirement, who meet the eligibility requirements for retiree healthcare insurance, will be reimbursed for healthcare premium costs by the Authority as follows: Retiree reimbursement will be based on the current Authority share, as determined by XxxXXXX, as of January 1, 2013, less the amount already paid, Minimum Employer Contribution (MEC) established by PEMHCA, and will increase by a maximum of $100 per month, annually until such time the Authority’s contributions for retirees is the same as active members (as established in the Cafeteria Plan section). The maximum $100 per month, annual increase includes increases to the PEMHCA minimum. Retiree health plan options where the Authority’s contribution is the same as active members, the $100 per month annual increase maximum does not apply. Medicare eligible retirees must apply for and receive Medicare benefit to be eligible for full reimbursement. Employees Hired After March 31, 2013: All employees first covered by the Xxxx Valley Firefighters Association or the Xxxx Valley Fire Chief Officers Association agreements after March 31, 2013, upon retirement, will be eligible for the Minimum Employer Contribution (MEC) established by XXXXXX, with no additional reimbursement from the Authority. On August 1, 2013, the Authority established a Retirement Health Savings plan (RHS) for all employees first covered by Xxxx Valley Firefighters Association or the Xxxx Valley Fire Chief Officers Association agreements after March 31, 2013. An amount equal to four (4) percent of the “Step E” salary for the Firefighter/Engineer, as set...
Health Insurance - Retirees. Employees who retire (meet the eligibility requirements of PERA and/or FICA at the time of separation), shall be entitled to stay in the group insurance plan offered by the County. Eligible employees and eligible spouses are required to transition to the Medicare Supplement Plan offered by the County upon becoming Medicare eligible. For those retirees eligible for subsidized retiree health insurance the following amounts will be paid toward the premiums by the Employer:
Health Insurance - Retirees. Beginning on July 1, 1984, the District will contribute seventy-five (75%) percent of the premium for the health insurance plan for individuals coverage and fifty (50%) percent of the premium for individual and dependent coverage for members of the negotiating unit who retire on or after July 1, 1984.
Health Insurance - Retirees. Employees who retire directly from County service under the New York State Retirement System and who have health insurance through the County at the time of their retirement, will be allowed to purchase, at the retiree’s expense, an HMO, or comparable experienced rated plan, and/or prescription card offered by the County. Retirees will not be allowed to purchase the traditional experience rated plan offered by the County.
Health Insurance - Retirees. Employees who retire directly from County service under the New York State Retirement System and who have health insurance through the County at the time of their retirement, will be allowed to purchase, at the retiree’s expense, an HMO or PPO and/or prescription offered by the County. Retirees will not be allowed to purchase the traditional BC, BS or major medical experience rated plan offered by the County except if they have the right to do so under COBRA or other Federal or State Law. When such right expires, said employee must switch to an HMO or PPO.
Health Insurance - Retirees. 6.5.1 Coverage - Through SISC the District agrees to provide eligible employees upon retirement at age sixty-five (65) or upon reaching age sixty-five (65) with eligibility to participate in SISC benefits program with health insurance coverage at SISC Medicare Supplement related rates. Said retirees shall receive the District paid minimum benefit provided for health insurance for all employees active and retired. A retiree whose eligibility status qualifies him or her for District paid lifetime retiree benefits shall receive the total District paid health premium identified for retirees. This identified premium shall be received as a taxable benefit herein termed a “service credit.” Xxxxxxxx retirees who retire between the ages fifty-five (55) to sixty-five (65) shall be eligible to remain on the District paid group health insurance plans and participate in SISC at the active employee rates until they reach age sixty-five. The maximum amount paid by the District for retirees aged fifty-five (55) to sixty-five (65) shall be the highest of the single, active HMO plans for San Mateo County.
Health Insurance - Retirees. Eligibility: To be eligible for the City's health care coverage, employees must retire from active employment with twenty (20) or more years of continuous City service. For the purpose of this provision, employees re- hired within twelve (12) months of separation shall be deemed to have continuous service. The retiree and/or dependents MUST be enrolled in the City's health plan at the time of retirement. If a retiree cancels coverage for any reason, the retiree and/or dependents will no longer be eligible to re-enroll in the City's retiree health plan. Spouses of deceased retirees remain eligible so long as they are on the City's health plan. If the deceased former employee's spouse remarries, their new spouse and/or new dependents will not be eligible for the City's health plan. Employees hired, transferred or promoted into this bargaining unit after July 1, 2012, are not eligible for City-provided healthcare at retirement, unless retiree health care is available to him/her under another collective bargaining agreement (no gain or no loss). For employees hired after July 1, 2012 for whom no retiree health insurance is available, the City will establish a Retirement Health Savings (RHS) Plan.
Health Insurance - Retirees. Employees hired on or after July 1, 1995 and who are otherwise eligible to receive health insurance benefits in retirement from the City shall be entitled to maintain the level of health insurance benefits (individual or family) enjoyed by the employee at the time of retirement and to have the City contribute premiums pursuant to the following schedule: Completed years of City Service City Contribution 20 or more 100% (individual/family) 15-19 80% (individual/family) 10-15 50% (individual) 35% (family) Less than 10 0% The City shall waive the twenty year service requirement in the case of an employee who is eligible for, retires, and receives benefits pursuant to, RSSL Section 63 (accidental).
Health Insurance - Retirees
