MEDICAL INSURANCE AFTER RETIREMENT. 16 All retiring employees covered under the Illinois Municipal Retirement Fund shall be 17 eligible for coverage under group hospital and major medical insurance at their own 18 expense. (In accordance with 215 ILCS 5/367j (1994), Municipal Employee's 19 Continuance Privilege.) Eligibility for said group hospital and major medical insurance 20 will cease when retiree becomes eligible for Medicare. 22 14.7 Pay Schedule 24 The pay schedule shall be as set forth in Appendix A which is attached to and 25 incorporated in this Agreement. 27 14.8 Severance Award 29 Any bargaining unit member who is at least sixty (60) years of age and retires from the 30 District with at least 15 continuous years of service will receive a severance bonus equal 31 to $80 for each year of continuous service in the District. A bargaining unit member may 32 declare his/her intention to retire up to two (2) years prior to the actual retirement date. If 33 notice of the intent to retire is received by June first of the year before or two years before 34 the retirement date the District will apply as much of the severance bonus as possible to 35 increase the bargaining unit member’s salary up to a maximum of 6% over the previous 36 year’s salary. If there is any of the severance bonus remaining after increasing the 37 member’s salary to 6% that money will be paid in a single lump sum to the bargaining 38 unit member between 35 and 60 days following the date of retirement. If a bargaining 39 unit member gives two (2) years notice of the intent to retire, the severance award will be 40 applied equally to the last two year’s salary in an attempt to increase the salary by a 41 maximum of 6%.
MEDICAL INSURANCE AFTER RETIREMENT. TEACHERS
MEDICAL INSURANCE AFTER RETIREMENT. ESP Employees may continue as members of the District group insurance program as prescribed by IMRF and School Code regulations and guidelines. Certified retirees, spouses and/or dependents are not eligible to be members of the District group insurance program.
MEDICAL INSURANCE AFTER RETIREMENT. The Board shall perform all reasonable acts requested to qualify the retiring Teacher for eligibility in the medical insurance coverage for retired Teachers as offered by TRS and shall pay the cost of the individual portion of the TRS insurance, in the form of reimbursement to the Teacher when paid first by the teacher, quarterly, for a maximum period of time of five (5) consecutive years following retirement or until the Teacher is eligible for Medicare coverage, whichever occurs first.
MEDICAL INSURANCE AFTER RETIREMENT. All retiring employees covered under the Illinois Municipal Retirement Fund shall be eligible for coverage under group hospital and major medical insurance at their own expense. (In accordance with 215 ILCS 5/367j (1994), Municipal Employee's Continuance Privilege.) Eligibility for said group hospital and major medical insurance will cease when retiree becomes eligible for Medicare. The pay schedule shall be as set forth in Appendix A which is attached to and incorporated in this Agreement. Any bargaining unit member who is at least sixty (60) years of age and retires from the District with at least 15 continuous years of service will receive a severance bonus equal to $80 for each year of continuous service in the District. A bargaining unit member may declare his/her intention to retire up to two (2) years prior to the actual retirement date. If notice of the intent to retire is received by June first of the year before or two years before the retirement date the District will apply as much of the severance bonus as possible to increase the bargaining unit member’s salary up to a maximum of 6% over the previous year’s salary. If there is any of the severance bonus remaining after increasing the member’s salary to 6% that money will be paid in a single lump sum to the bargaining 1 unit member between 35 and 60 days following the date of retirement. If a bargaining 3 applied equally to the last two year’s salary in an attempt to increase the salary by a 4 maximum of 6%. 6 14.9 Pay Upgrade 11 starting pay rates beginning on the sixth (6th) consecutive day that the bargaining unit 12 member is doing the work of this higher grade position. 14 14.10 Probation 16 New employees must successfully complete a probationary period of nine (9) consecutive
MEDICAL INSURANCE AFTER RETIREMENT. Effective upon ratification and approval, to be eligible for any medical insurance benefit after retirement, the retiree (Age Pre-65 or Age Post 65) must meet the following conditions:
a. Retire with a minimum of ten (10) years of credited service with the
b. NFTA Police Department.
c. Employees who opts for coverage under another medical plan, may re-apply for medical coverage with the NFTA upon a qualifying event and at the premium rate in effect at that time. Must retire from full-time employment from the NFTA/Metro.
d. Must not be eligible for coverage under another medical plan if spouse is still employed. The retiree loses his/her eligibility if they or their spouse is employed or re- employed and become eligible for medical coverage as a result of this employment. Upon ratification and approval, there will be three (3) plans for Pre-65 retirees who retire on or after ratification and approval. Eligible employees will be permitted to select coverage (single, family or double) offered through the NFTA:
A. The traditional Blue POS 298 (POS 205)
B. The Core Traditional Blue PPO with RX (Traditional Blue PPO 812) C. HDHP, Traditional Blue PPO 6398 (HDHP PPO 6312), $1,500 single, $3,000 family deductible (the responsibility of the retiree(s)) Retiree (s) who select the POS 205 plan is provided if they resided in Western New York and approval service areas, as defined by the carrier, Blue Cross Blue Shield of WNY. The Core Traditional Blue PPO with RX (“Traditional Blue PPO 812”), and the HDHP $1500 single, $3000 family deductible plan (deductible retiree(s) responsibility) are available for retirees who reside outside the Western New York approved service area or whose spouses are age 65 or older must elect coverage through the Core Traditional Blue PPO with RX plan option D and enroll in Medicare Part B. For eligible age pre-65 employees, the NFTA will pay fifty percent (50%) of the monthly premium costs for Single, Double or Family Core Plan coverage, as appropriate, and retirees will be responsible for paying the other fifty percent (50%). For those age pre-65 retirees who must elect Core Traditional Blue PPO with Rx plan Option D, the NFTA will pay fifty percent (50%) of the monthly premium cost of the Core Plan only and retirees will be responsible for paying the other fifty percent (50%). In addition, the retiree shall be responsible for paying the remaining amount of the Core Traditional Blue PPO with Rx plan Option D monthly premium cost. Age Post...
MEDICAL INSURANCE AFTER RETIREMENT. Upon retirement an employee may purchase medical insurance at the group rate provided other City employees until the retiree and dependent, if any, become Medicare eligible. The retiree shall be responsible for 100% of the premium and any administration fee up to a maximum of five percent (5%).
MEDICAL INSURANCE AFTER RETIREMENT. Effective June 1,2004, to be eligible for any medical insurance benefit after retirement, the retiree (Age Pre-65 or Age Post 65) must meet the following conditions:
a. Retire on or after 6/1/04.
b. Retire with a minimum o f ten (10) years of credited service with the
c. NFTA Police Department.
d. Employees who opts for coverage under another medical plan, may re-apply for medical coverage with the NFTA upon a qualifying event and at the premium rate in •effect at thattime.- Must retire from-full-time employment from the NFTA/Metro. -
e. Must not be eligible for coverage under another medical plan if spouse is still employed. The retiree loses his/her eligibility if they or their spouse is employed or re-employed and become eligible for medical coverage as a result of this employment. Age Pre 65 retirees. Effective 1-1-15, there will be four (4) LMHC plans for Pre- 65 retirees who retiree on or after 1-1-15. Eligible employees will be pem itted to select coverage (single, double or family) offered through the Labor Management Healthcare Coalition (LMHC). The LMPIF Core Plan (Traditional Blue POS 203) (“Core Plan”) The LMHF Value Plan The Core Traditional Blue PPO with RX (“Traditional Blue PPO 812”) The HDHP $1500 single, $3000 family deductible (the responsibility of the retiree(s) Retiree(s) who elect the LMHF Core Plan and the LMHF Value Plan are provided if they reside in the Western New York and approved service area, as defined by the carrier, Blue Cross/Blue Shield of WNY. The Core Traditional Blue PPO with RX (“Traditional Blue PPO 812”), and the HDHP $1500 single, $3000 family deductible plan (deductible retiree(s) responsibility) are available for retirees who reside outside the Western New York approved service area or whose spouses are age 65 or older must elect coverage through the Core Traditional Blue PPO with RX plan option D and enroll in Medicare Part B. • For eligible age pre-65 employees, the NFTA will pay fifty percent (50%) of the monthly premium costs for Single, Double or. Family Core Plan coverage, as appropriate, and retirees will be responsible for paying the other fifty percent (50%)......................................................................... ■ For those age pre-65 retirees who must elect Core Traditional Blue PPO with Rx plan Option D, the NFTA will pay fifty percent (50%) of the monthly premium cost o f the Core Plan only and retirees will be responsible for paying the other fifty percent (50%). In addition, the r...
MEDICAL INSURANCE AFTER RETIREMENT. None; The Township does not nor will not provide medical insurance coverage to retired personnel
MEDICAL INSURANCE AFTER RETIREMENT. Upon retirement an employee may purchase medical insurance at the group rate provided other City employees under the provisions of coverage afforded under the Consolidated Omnibus Budget Reconciliation Act (COBRA). The retiree shall be responsible for 100% of the premium and any administration fee up to a maximum of two percent (2%).
Section 1. The Chief and/or his/hertheir designee shall meet periodically with not more than two
