Hospitalization for Retirees. For employees hired prior to January 1, 2014, if the employee has ten (10) years or more service with the County and retires at age sixty (60) or if an employee has fifteen (15) or more years of service with the county and retires at age fifty-five (55), the County will pay its percentage of hospitalization coverage for the employee and covered spouse from such retirement date to age sixty-five (65) and its percentage of the Medicare/Medicaid supplement for the employee and covered spouse from age sixty-five (65) to age seventy (70). For employees hired after December 31, 2013, if the employee has fifteen (15) years or more service with the County and retires at age fifty-five (55) or older, the County will pay its percentage of hospitalization coverage for the employee and covered spouse from such retirement date to age sixty-five (65) and its percentage of the Medicare/Medicaid supplement for the employee and covered spouse from age sixty-five (65) to age seventy (70). Employees retiring after January 1, 2007 shall retire with the insurance plan in place and their percentage co-pay under the cap provisions in Section 12.0 at the time of their retirement. However, should a retired employee have the availability and provided hospitalization plan by a subsequent employer, or if such retired employee shall have the availability and provided hospitalization plan by his or her spouse's employer, this coverage shall not be effective. The retired employee shall sign a certification form, provided by the County, every six (6) months regarding the availability of another health plan. Any active unit member who is eligible, but chooses not to participate in the medical/ hospitalization insurance package, who shows proof of insurance from another source, and who signs a waiver from the Employer, shall receive a Fifteen Hundred Dollars ($1,500.00) annual contribution, pro rata, to the County's qualified deferred compensation plan or directly to the employee as taxable compensation. An employee who subsequently loses medical/ hospitalization coverage from another source shall have the right to obtain medical/ hospitalization coverage from the Employer as provided in this Agreement at the earliest date possible after written notice to the Personnel Director. Said employee shall be entitled to a pro rata contribution to the County's qualified deferred compensation plan to date the employee becomes covered by the Employers medical/hospitalization plan. An employee may wa...
Hospitalization for Retirees. Only applies to eligible employees hired before July 1, 2005. Full-term retirement is defined as twenty-five (25) years of service with the City and fifty-five (55) years of age. For eligible full-term employees retiring on or after January 1, 2012, the City shall provide Blue Cross Blue Shield Community Blue 4 (CB4) at retirement to those employees hired prior to July 1, 2005. Blue Care Network is eliminated as an option. All eligible full-term employees and their spouses at the time of retirement who retire on or after January 1, 2012, shall receive a closed formulary $5 generic/$40 preferred brand/$80 non – preferred brand prescription drug card provided the employee was hired prior to July 1, 2005. All retirees retiring after July 1, 2013, and who are eligible for retiree health insurance as defined by this Collective Bargaining Agreement, shall receive the same prescription drug benefits afforded to active employees. Employees who retire on or after November 2, 2018 who are eligible for retiree health care shall mirror the active employee health care plan as well as the prescription drug benefits afforded to active employees. MEDICARE PREMIUMS. For eligible Employees who retire prior to November 2, 2018, the City hospitalization coverage shall be secondary to Medicare Parts A & B. Employees and beneficiaries shall be required to enroll in Medicare Parts A & B when they become eligible. All retirees retiring after July 1, 2005 shall be responsible for Medicare Part B premiums. Upon the attainment of Medicare age, retired members who are eligible for retiree health care and who retire on or after November 2, 2018 shall be provided a $300 stipend per month per employee and per eligible spouse to purchase Medicare Supplemental insurance, at which point all City obligations shall cease. Effective with an open enrollment period as established and announced by the City after this Agreement is executed, the City shall offer to any member of the bargaining unit, who is eligible for retiree health care with less than twenty (20) years of credited service the option to participate in a retirement health care buy-out program. Should a member choose to participate, the City shall deposit $4,000 per year of credited service into a Retirement Health Care Savings (RHCS) Account, after which the employee shall be eligible to participate in the City’s RHCS for all future years of service in accordance with the provisions below and the City’s obligation to provide Re...
Hospitalization for Retirees. Effective for employees hired before May 1, 2011 - An employee who retires at the ages provided in the present Xxxxx County Retirement Plan (age 60 to 65 and vesting in ten (10) years) and his/her present spouse will be continued under the same hospitalization provisions as any working member under the same hospital insurance provisions as outlined in Section 1 of this Article, up to age sixty-five (65). Effective for employees hired after May 1, 2011 – An employee who retire and is receiving retirement benefits after reaching age 55 shall be eligible to retain their health care coverage from the Employer until age 65 with the Employer paying a monthly contribution as follows: Employee’s Years of Service Employer Monthly Contribution 20+ years $200 per month 15 to 20 years $150 per month It is further agreed and understood that upon an employee reaching the age of 65, or any retired member having reached the age of 65, or upon the death of an employee, or a retired member, the full health insurance coverage outlined in Section 1 and 2 of the Article is canceled; provided, however, that in the event of the death of an employee, either before or after retirement (ages 60 to 65) the surviving spouse or any minor child, shall have the option of maintaining said insurance in accordance with the federal law commonly known as "COBRA." This benefit is granted for the express purpose of aiding retirees not working in excess of 1,039 hours per a rolling twelve (12) months period who have not reached their sixty-fifth (65th) birthday and therefore are not eligible for Medicare coverage. Statements attesting that a retiree has not worked more than 1,039 hours in the preceding twelve (12) months’ period will be required every three (3) months to assure the Employer that the employee is eligible for this benefit. The working restriction shall not apply to retired employees who have reached their sixty-fifth (65th) birthday. Retirees who work in excess of 1,039 hours in a twelve (12) month period shall be required to exercise one of the following options:
Hospitalization for Retirees. A) For the period prior to August 1, 2004, the City of Madison Heights shall assume the full cost of Blue Cross/Blue Shield insurance for MVF-1, semi-private and prescription drug rider and for master medical insurance for all full-term retirees and their spouses for employees retiring after July 1, 1980. Full-term retirement being defined as twenty-five (25) years of service with the City and fifty-five (55) years of age. Effective August 1, 2004, the City of Madison Heights shall assume the full cost of Blue Care Network with a $10 generic and $20 brand name prescription drug card for those full-term retirees and their spouses for employees hired on or after August 9, 1999. Effective August 1, 2004, the City of Madison Heights shall, at the retiree’s option, assume the full cost of Blue Care Network or Community Blue PPO Option 1 both with a $10 generic and $20 brand name prescription drug card for all full-time retirees and their spouses for employees hired prior to August 9, 1999. The retiree may also pay the difference in premiums between Blue Care Network and Community Blue PPO Option 1 or Blue Cross Traditional in order to receive the more expensive insurance. If Community Blue Option 1 is not available where the retiree resides, the City will provide Blue Cross Traditional with the $10/$20 drug card at no cost to the retiree. All full-time retirees who retire after August 1, 2004, will receive a $10 generic/$20 brand name drug card with his or her health insurance plan.
Hospitalization for Retirees. Only applies to eligible employees hired before July 1, 2005. For eligible full-time employees retiring on or after January 1, 2012, the City shall provide Blue Cross Blue Shield Community Blue 4 (CB4) at retirement to those employees hired prior to July 1, 2005. Blue Care Network is eliminated as an option. All eligible full-time employees and their spouses at the time of retirement who retire on or after January 1, 2012, shall receive a closed formulary $5 generic/$40 preferred brand/$80 non –preferred brand prescription drug card provided the employee was hired prior to July 1, 2005. All retirees retiring after July 1, 2013, and who are eligible for retiree health insurance as defined by this Collective Bargaining Agreement, shall receive the same prescription drug benefits afforded to active employees. The City hospitalization coverage shall be secondary to Medicare Parts A & B. Employees and beneficiaries shall be required to enroll in Medicare Parts A & B when they become eligible. All retirees retiring after July 1, 2005 shall be responsible for Medicare Part B premiums.
Hospitalization for Retirees. The employer agrees to pay one hundred percent (100%) of the health insurance premium for the employee retiree and fifty percent (50%) of the premium for dependent coverage.
