MEDICAL INSURANCE IN RETIREMENT. Upon regular retirement, early retirement, or disability retirement, employees may be eligible for medical and hospitalization insurance if they meet the age and service requirements whether they participate in the Defined Benefit or Defined Contribution Pension Plan. For employees retiring on or after the ratification date of this Agreement, the insurance described in Blue Cross Blue Shield Community Blue PPO group #0070010020 will be provided, except for employees who participate in the Retirement Health Savings (RHS) plan. For employees hired on or after July 1, 2011, the Retiree Health Savings Plan described in Section 42. D. will replace retiree health insurance. Retirees (other than RHS participants) must enroll in Medicare Part B (medical insurance), when eligible at the retiree’s expense, and must notify the employer that they enrolled. The employer shall then provide supplemental insurance benefits to equal the above level of insurance benefits for two-person coverage for retiree and spouse (or dependent child) at the time of retirement, per the computation in the following paragraph. A retiree may pay, at his/her own expense, the different between a two-person and family rates. For such employees retiring after February 20, 1996, the City will pay for medical and hospitalization coverage at the rate of 4% per complete year of retirement service to the City of Xxxx (max. 100%) for two (2) person coverage for retiree, spouse at the time of retirement, or dependent child, provided that the retired employee or spouse is drawing benefits or a pension pursuant to the City of Xxxx Retirement Ordinance. A retiree may pay, at his/her own option and expense, the difference between a two-person and family rate. Effective July 1, 2001, the City will provide fully paid medical insurance for 2-person coverage in the event of a duty death. For purposes of this section, “spouse” and “two-person coverage” are defined as “spouse (or dependent child) at the time of retirement.”
MEDICAL INSURANCE IN RETIREMENT. The Employee will be entitled to coverage in a supplemental medical insurance plan for the Employee and his spouse, pending his eligibility as determined by the medical insurer, at the Employers’ sole expense, once he reaches age sixty-five (65) and is no longer covered by the Employers’ group medical insurance plan, to supplement what is covered in his Medicare plan. This supplemental insurance plan, commonly referred to as a “Medigap” plan, is designed to cover medical and related costs that are not covered by the Employee’s Medicare plan. The supplemental insurance plan will include prescription medication coverage. Supplemental insurance will remain in effect during the entire term of the Employee’s and his wife’s retirement.
MEDICAL INSURANCE IN RETIREMENT. The Employee will be entitled to coverage in a supplemental medical insurance plan for the Employee and his spouse, pending his eligibility as determined by the medical insurer, at the Employers’ sole expense, once he reaches age sixty-five (65) and is no longer covered by the Employers’ group medical insurance plan, to
MEDICAL INSURANCE IN RETIREMENT. Upon regular retirement, early retirement, or disability retirement, employees may be eligible for medical and hospitalization insurance if they meet the age and service requirements whether they participate in the Defined Benefit or Defined Contribution Pension Plan. For employees retiring on or after the ratification date of this Agreement, the insurance described in Blue Cross Blue Shield Community Blue PPO group #0070010020 will be provided, except for employees who participate in the Retirement Health Savings (RHS) plan. For employees hired on or after July 1, 2011, the Retiree Health Savings Plan described in Section 42. D. will replace retiree health insurance. Retirees (other than RHS participants) who in Medicare Part B (medical insurance), at the retiree’s expense, must notify the employer that they enrolled. The employer shall then provide supplemental insurance benefits to equal the above level of insurance benefits for two-person coverage for retiree and spouse (or dependent child) at the time of retirement, per the computation in the following paragraph. A retiree may pay, at his/her own expense, the different between a two-person and family rates. For such employees retiring after February 20, 1996, the City will pay for medical and hospitalization coverage at the rate of 4% per complete year of retirement service to the City of Xxxx (max. 100%) for two (2) person coverage for retiree, spouse at the time of retirement, or dependent child, provided that the retired employee or spouse is drawing benefits or a pension pursuant to the City of Xxxx Retirement Ordinance. A retiree may pay, at his/her own option and expense, the difference between a two-person and family rate. Effective July 1, 2001, the City will provide fully paid medical insurance for 2-person coverage in the event of a duty death. For purposes of this section, “spouse” and “two-person coverage” are defined as “spouse (or dependent child) at the time of retirement.”
MEDICAL INSURANCE IN RETIREMENT. Upon regular retirement, early retirement, or disability retirement, employees may be eligible for medical and hospitalization insurance if they meet the age and service requirements whether they participate in the Defined Benefit or Defined Contribution Pension Plan. For employees hired on or after July 1, 2011, the Retiree Health Savings Plan described in Section 42. D. will replace retiree health insurance. (relocated from below)
1. For employees retiring on or after the ratification date of this Agreement, the insurance described in Blue Cross Blue Shield Community Blue PPO group #0070010020 will be provided, except for employees who participate in the Retirement Health Savings (RHS) plan.
2. Retirees (other than RHS participants) must enroll in Medicare Part B (medical insurance), when eligible at the retiree’s expense, and must notify the employer that they enrolled. The employer shall then provide supplemental insurance benefits to equal the above level of insurance benefits for two-person coverage for retiree and spouse (or dependent child) at the time of retirement, per the computation in the following paragraph. A retiree may pay, at his/her own expense, the different between a two-person and family rates.
3. For such employees retiring after February 20, 1996, the City will pay for medical and hospitalization coverage at the rate of 4% per complete year of retirement service to the City of Xxxx (max. 100%) for two (2) person coverage for retiree, spouse at the time of retirement, or dependent child, provided that the retired employee or spouse is drawing benefits or a pension pursuant to the City of Xxxx Retirement Ordinance. A retiree may pay, at his/her own option and expense, the difference between a two-person and family rate.
4. Effective July 1, 2001, the City will provide fully paid medical insurance for 2- person coverage in the event of a duty death.
5. For purposes of this section, “spouse” and “two-person coverage” are defined as “spouse (or dependent child) at the time of retirement.”
6. Employees who participate in the Defined Contribution Plan and who qualify for medical insurance in retirement may select a Deferred Retiree Health Care option with 15 or more years of service and any age. The computation for retiree health care paid by the City will be calculated at 4% per complete year of full- time City service at the time of their separation (maximum 100%). Deferred Retiree Health Care will be available to enroll in upon attainme...
