Medical Insurance for Retirees. The University will make available a medical insurance plan for official retirees in the same manner and on the same basis as it applies to the University's other official retirees. An official retiree (including early retirees) for purposes of this benefit, will be defined as any regular employee who is employed by the University at the time of retirement, who is vested in a University sponsored retirement plan and whose years of University service and age total a minimum of 75. Coverage for the spouse of the retiree or early retiree is available on the same basis as for other University official retirees. The University retains the right to modify or terminate this plan upon reasonable notice to staff and retirees.
Medical Insurance for Retirees. Employees in this unit who are covered by a School District health and hospitalization plan at the time of retirement may continue in the plan at their own expense up to the age of 65, or longer as provided by Minnesota Law. Premium payments must be received in the Human Resources Office of the School District by the 1st day of the month of coverage.
Medical Insurance for Retirees. A. For eligible employees, who retire into the State Teachers’ or Public Employee Retirement Systems, the District shall pay for the cost of employee-only coverage of District-funded medical insurance for up to ten years. This payment shall continue until the first of the month in which the retiree reaches sixty-five (65) years of age. Dental insurance may be continued at the retiree’s cost.
Medical Insurance for Retirees. 11.5.1 Employees hired before July 1, 1993 shall be eligible for medical insurance coverage as provided for in Xxxxx Xxxxxxx College Board Policy 7380 Retirement Benefit Policy. Board Policy 7380 is incorporated into and made a part of this Agreement.
11.5.2 For employees hired on or after July 1, 1993, but prior to July 1, 1997, the District will maintain coverage at the same dollar level as for active bargaining unit members for a retiree under the medical insurance plans upon STRS retirement as evidenced by the receipt of monthly retirement payments from the State Teachers’ Retirement System provided the unit member is at least 55 years of age but less than 65 and has been a regular employee of the district for twenty (20) or more consecutive years of service. Upon reaching age 65, the employee shall no longer be eligible for district-paid medical benefits.
11.5.3 For employees hired on or after July 1, 1997 the District will maintain coverage at the same dollar level as for active employees for a retiree under the medical insurance plans upon STRS retirement as evidenced by the receipt of monthly retirement payments from the State Teachers’ Retirement System provided the employee is at least 58 years of age but less than 67 or meeting federal Medicare eligibility, whichever comes first, and has been a regular employee of the district for twenty (20) or more consecutive years of service. Upon reaching age 67 or meeting federal Medicare eligibility, whichever comes first, the employee shall no longer be eligible for district-paid medicalbenefits.
11.5.4 For employees retiring after July 1, 2014, the District will contribute an amount equal to that paid toward the medical insurance premium for spousal or domestic partner coverage on the district medical insurance plan as provided to spouses/domestic partners of active full-time faculty employees per the following limitation: Coverage for spouse/domestic partner is limited to one year for each year of marriage/domestic partner registration to the employee at time of employee’s retirement to a maximum of 15 years, or spouse’s/domestic partner’s age 65 or meeting federal Medicare eligibility, whichever comes first. Retirees may purchase spousal or domestic partner coverage when coverage is not available under the terms of this subsection.
Medical Insurance for Retirees. SECTION 1. Officers hired before January 1, 2000, would, upon their retirement be eligible to receive medical insurance consisting of seventy-five (75) percent for individual coverage and fifty (50) percent for the coverage of a spouse in the Town provided PPO or HMO program until the officer reaches the age of sixty-five (65).
SECTION 2. Officers hired after January 1, 2000, would, upon their retirement be eligible to receive medical insurance consisting of seventy-five (75) percent for individual coverage in the Town-provided PPO or HMO program until the officer reaches the age of sixty- five (65).
SECTION 3. To the extent relevant, both of the above programs as enumerated in Sections one (1) and two (2) will be covered by the following additional terms:
A. In the event that the officer becomes employed by a new employer after retiring from the Police Department and the new employer provides comparable benefits, the Town's obligation to provide medical benefits will cease. In the event that the retired Officer leaves the employment of a new employer and loses the medical benefits and/or the new employer ceases to provide comparable medical benefits, the medical benefits provided for in this Article shall be reinstated, provided that the Officer (a) provides proof of loss of the other coverage; and (b) requests reinstatement of the Town's coverage in a timely fashion. Every retired Officer has a responsibility to provide the Town with information regarding medical benefits offered to the retired Officer by a new employer. The Town reserves the right to make an annual inquiry of the retired Officer regarding said medical benefits offered to the retired Officer by a new employer.
B. In the event that the officer dies before the expiration of the benefit period, the benefit of the surviving spouse would remain available for the remaining portion of the benefit period.
C. In order for medical insurance to be received, the retiree must pay the appropriate premium differential so that, with the Town’s share, One Hundred (100) percent of the premium is accounted for.
Medical Insurance for Retirees. Any member of the Norwich Teachers Association who 1) has been employed as a teacher for at least twenty years, at least the last fifteen of which shall have been as a teacher at the Xxxxxx Xxxxx School, and 2) has attained the age of 55 or has taught for a total of 30 years prior to June 30 of the teacher’s final active teaching year, will be eligible for medical insurance coverage at retirement, as follows. The District will pay the difference between the total premium for single person medical insurance for the retired teacher and the amount subsidized by the Vermont Retirement System, until the retired teacher becomes eligible for Medicare benefits. In other words, single person medical insurance will be provided to the retired teacher, with total premiums being paid by a combination of contributions from the Norwich School District and the Vermont Retirement System. Teachers will qualify for this extended medical insurance benefit only if they are not eligible for equivalent insurance benefits from another employer. Provisions outlined in this paragraph will expire on June 30, 2019.
Medical Insurance for Retirees. The University will make available a medical insurance plan for official retirees hired prior to January 1, 2014 in the same manner and on the same basis as it applies to the University's other officials and retirees. An official retiree (including early retirees) for purposes of this benefit will be defined as any regular staff member who is employed by the University at the time of retirement, who is vested in a University sponsored retirement plan and whose years of University service and age total a minimum of 75. Coverage for the spouse or household member of the retiree or early retiree is available on the same basis as for other University official retirees. Grand Valley State University and the APSS agree that should the University offer retiree prescription drug coverage to any employee group on campus during the life of this Agreement, such coverage will also be offered to current APSS staff members. Such coverage will also be offered to any retired member who elected retirement during the life of the Agreement. This is in addition to the current NPAY prescription discount program that is available for all GVSU retirees. The University retains the right to modify or terminate this plan upon reasonable notice to staff and retirees and provided that the changes are the same for each staff member group. The University will notify the APSS of and discuss with the APSS changes prior to making the change.
Medical Insurance for Retirees. The City will continue to provide to retirees the Blue Cross/Blue Shield or other insurance plan offered to active employees in this unit. However, the drug co-pay for retirees who retired prior to July 1, 1998 who have >Section 1' coverage shall remain at five dollars ($5.00). Effective February 20, 2003, employees retiring on or after February 20, 2003 shall have the same health care options provided to active employees as of the aforementioned date. Effective February 20, 2001, retirees may elect to opt out of the City=s health care plan as specified in Section 5 of this Article. When 1-19 retirees elect to opt out of the City=s health care plan, they will be eligible to receive $1,800 in any year in which they receive coverage from another source. When twenty (20) or more retirees elect to opt out of the City=s health care plan, they will be eligible to receive $2,500 in any year in which they receive coverage from another source. Such payments shall be made twice a year, by separate check (at the opt-out level in effect at the time of the payment), following the period of time the retiree had alternate coverage from another source other than a City provided medical insurance plan, exclusive of coverage provided through a City plan available to a spouse who is a current or retired City employee. Effective July 1, 2006, employees retiring on or after July 1, 2006 shall have the same health care options provided to active employees as of the aforementioned date. Employees hired after July 1, 2006 will receive the same health care (same coverage, options, and conditions) as that provided to active employees if eligible for retiree health care insurance. Employees hired on or after July 1, 2006 shall be required to have 15 years of actual service with the City to vest for retiree health care.
Medical Insurance for Retirees. As required by the Government Code while the City is contracted with CalPERS to participate in the Public Employees’ Medical and Hospital Care Act (PEMHCA) program, retired employees (annuitants) shall have available the ability to participate in the PEMHCA program. CalPERS shall be the sole determiner of eligibility for retiree (annuitant) to participate in the PEMHCA program.
Medical Insurance for Retirees. 1. Unit members hired prior to July 1, 2016 are eligible for retiree health insurance after fifteen
