HEALTH SPENDING ACCOUNT FOR RETIREES (PFT, PPT PRO-RATED. Members who retire on or after April 1, 2010 and who qualify for an OMERS pension and have 20 consecutive years of recognized service with York Region, shall be eligible for a Health Spending Account (HSA) in the amount of $2,000 per calendar year. The Account shall be available to the retired employee for the 10 years immediately following his/her 65th birthday. Eligibility for the HSA would cease at the end of the month in which the retiree turns 75, or at the date of his or her death, which ever occurs first. The HSA shall be available to reimburse the retiree for health care expenses which are deemed allowable expenses by Revenue Canada. The retiree may also claim eligible expenses for his/her spouse and dependants against his/her Account. The retiree must submit original receipts in order to receive reimbursement from the Account. It is understood that the Health Spending Account is not available to employees who remain actively at work beyond age 65; however, for those employees who retire after age 65, and meet the above noted entitlement criteria, the HSA would be available from their date of retirement up to the end of the month in which the retiree turns 75, or at the date of his or her death, which ever occurs first. It is further understood that for those employees who retire early and are entitled to continuation of benefits as per article 29, the HSA would be available as set out in paragraph one above.
HEALTH SPENDING ACCOUNT FOR RETIREES (PFT, PPT PRO-RATED. Members who retire on or after April 1, 2016 and who qualify for an OMERS pension and have 20 consecutive years of recognized service with York Region, shall be eligible for a Health Spending Account (HSA) in the amount of $2,000 per calendar year. The Account shall be available to the retired employee for the 10 years immediately following their 65th birthday. Eligibility for the HSA would cease at the end of the month in which the retiree turns 75, or at the date of their death, which ever occurs first. The HSA shall be available to reimburse the retiree for health care expenses which are deemed allowable expenses by Revenue Canada. The retiree may also claim eligible expenses for their spouse and dependants against their Account. The retiree must submit original receipts in order to receive reimbursement from the Account. It is understood that the Health Spending Account is not available to employees who remain actively at work beyond age 65; however, for those employees who retire after age 65, and meet the above noted entitlement criteria, the HSA would be available from their date of retirement up to the end of the month in which the retiree turns 75, or at the date of their death, which ever occurs first. It is further understood that for those employees who retire early and are entitled to continuation of benefits as per Article 29, the HSA would be available as set out in paragraph one above.
