Normal Service Retiree Benefits Sample Clauses

Normal Service Retiree Benefits. Retired on or after July 1, 2019: 1. For the employee with a minimum of 25 years of continuous, full-time service to the City (or employees with a minimum of 30 years of cumulative, full-time service to the City, of which a minimum of 10 years are continuous and contiguous to the date of retirement), and having attained the City-established minimum retirement age of 50, the City will contribute/reimburse up to $551 per month toward premiums paid by the retiree for any health insurance premium and subject to additional terms as outlined in this Section. 2. For the employee attaining the age of 50, with a minimum of 48 consecutive months of City employment in a management position contiguous with the employee’s date of retirement, who otherwise qualifies for and receives a normal service retirement pursuant to the provisions of this Agreement and any guiding procedures, rules, and regulations established by CalPERS, the City makes available the opportunity to continue comprehensive health benefits under the City’s group plans and group rates upon retirement. Failure by the retiree and/or qualified dependent (spouse/domestic partner) to maintain his/her portion of premium payments/contributions for City-provided medical, dental, and/or optical insurance plans, or failure to maintain active enrollment in City-provided health insurance plans, shall disqualify the retired employee and/or his/her qualified dependent from eligibility to participate in, or receive this benefit. The City does not contribute to dental and/or optical insurance plans for retirees. 3. The retiree and/or his/her qualified dependent may enroll in the City-provided healthcare plans; however, only the retiree may continue enrollment in the City- provided dental and/or optical plans. 4. For the employee who was promoted in-house to a management position, but did not serve in the required 48 consecutive months of City employment in a management position contiguous to the employee’s date of retirement, his/her retiree-medical benefit, if any, shall be based on the retiree-medical benefit available to the bargaining group that last represented the employee, provided the employee meets the criteria necessary to qualify for the retiree-medical benefit available to members of that bargaining group. 5. Any portion of the medical premium that exceeds the City’s contribution is the retired employee’s responsibility to pay. The retiree and/or dependent is/are responsible for paying any co-payments req...

Normal Service Retiree Benefits. Retired on or after July 1, 2019: 1. For the employee with a minimum of 25 years of continuous, full-time service to the City, and having attained the City-established minimum retirement age of 50, the City will reimburse up to $532.16 per month toward premiums paid by the retiree for any health insurance premium and subject to additional terms as outlined below. 2. If the employee retires on or after the age of 50 (the minimum age of retirement from the City by MOU), but before reaching the age of the retiring employee’s CalPERS retirement formula (e.g., age 57 under the 2.7% @ 57 retirement formula), then the monthly value of the reimbursement shall be up to $332.16 per month, effective upon retirement until the retiree reaches the normal age of the applicable CalPERS retirement formula the employee retired under (e.g., when the employee reaches the age of 57 under the 2.7% @ 57 retirement formula), at which time and upon written request by the retiree to the City, up to $532.16 per month toward the City-provided retiree medical reimbursement amount shall be restored. 3. Upon retirement, the employee is no longer eligible to remain on City-provided health care plans and must obtain his/her own health insurance. The retiree is then entitled to receive a monthly reimbursement for health insurance premiums, Medicare Part A, Part B, or Part C, or toward enrollment in Medicare Advantage (Parts A, B, and C, or as Medicare Advantage is otherwise defined and provided (1) a completed Request for Reimbursement; (2) a copy of the health insurance payment slip (and other documentation) verifying that the retiree is covered under that particular health insurance plan; and (3) proof of payment. The Request for Reimbursement, payment slip, and proof of payment must be submitted to the City within 30-days of making such payment. Failure by the retiree to timely submit a request for reimbursement within 90-days, inclusive of the original 30-days, for which reimbursement should have been applied, shall disqualify the retired employee from eligibility to receive all retiree-medical benefits; however, under extraordinary circumstances, the City Manager may consider agreeing to a 180-day reimbursement grace period, inclusive of the original 30-days for which reimbursement should have been applied. “Extraordinary circumstances” shall be approved by the City Manager, and shall mean to exclusively include an extended hospital stay where the retiree was incapacitated and could n...