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 not communicate an invoice for reimbursement to the City. An application for “extraordinary circumstances” shall not extend beyond 180 days. 4. Upon retirement, the retiree and/or his/her dependents are not authorized to remain on City-provided dental or optical plans, at which time the retiree and/or his/her dependents may be entitled to COBRA coverage, as provided by law, at the retiree’s sole expense.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
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 60 under the 2.73% @ 57 60 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 60 under the 2.73% @ 57 60 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-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 providedhealth
(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 3060-days of making such payment. Failure by the retiree to timely submit a request for reimbursement within 9060-days, inclusive of the original 30-days, for which reimbursement should have been applied, days shall disqualify the retired employee from eligibility to receive all retiree-medical benefits; however. Reimbursements will be made to retirees via Automated Clearing House (ACH)/direct deposit only, under extraordinary circumstances, the City Manager may consider agreeing to a 180-day and any pending reimbursement grace period, inclusive of the original 30-days for which reimbursement should have been applied. “Extraordinary circumstances” shall be approved held by the City Manager, and shall mean to exclusively include an extended hospital stay where not received by the retiree was incapacitated and could not communicate an invoice for reimbursement as a result of the retiree’s failure to set up ACH/direct deposit with the City. An application for “extraordinary circumstances” City shall not extend beyond 180 be forfeited after 60 days.
4. Upon retirement, the retiree and/or his/her dependents are not authorized to remain on City-provided dental or optical plans, at which time the retiree and/or his/her dependents may be entitled to COBRA coverage, as provided by law, at the retiree’s sole expense.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
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 60 under the 2.73% @ 57 60 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 60 under the 2.73% @ 57 60 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-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 providedprovided for by Medicare) up to the limits as outlined in Sections 8.03.A.3.a. and
(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 3060-days of making such payment. Failure by the retiree to timely submit a request for reimbursement within 9060-days, inclusive of the original 30-days, for which reimbursement should have been applied, days shall disqualify the retired employee from eligibility to receive all retiree-medical benefits; however. Reimbursements will be made to retirees via Automated Clearing House (ACH)/direct deposit only, under extraordinary circumstances, the City Manager may consider agreeing to a 180-day and any pending reimbursement grace period, inclusive of the original 30-days for which reimbursement should have been applied. “Extraordinary circumstances” shall be approved held by the City Manager, and shall mean to exclusively include an extended hospital stay where not received by the retiree was incapacitated and could not communicate an invoice for reimbursement as a result of the retiree’s failure to set up ACH/direct deposit with the City. An application for “extraordinary circumstances” City shall not extend beyond 180 be forfeited after 60 days.
4. Upon retirement, the retiree and/or his/her dependents are not authorized to remain on City-provided dental or optical plans, at which time the retiree and/or his/her dependents may be entitled to COBRA coverage, as provided by law, at the retiree’s sole expense.
Appears in 1 contract
Samples: Memorandum of Understanding
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 medical 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 restoredprovided.
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 providedMedicare
(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 90-90- 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 not communicate an invoice for reimbursement to the City. An application for “extraordinary circumstances” shall not extend beyond 180 days. Reimbursements will be made to retirees via Automated Clearing House (ACH)/direct deposit only, and any pending reimbursement held by the City and not received by the retiree as a result of the retiree’s failure to set up ACH/direct deposit with the City shall be forfeited after 60 days.
4. Upon retirement, the retiree and/or his/her dependents are not authorized to remain on City-provided dental or optical plans, at which time the retiree and/or his/her dependents may be entitled to COBRA coverage, as provided by law, at the retiree’s sole expense.
Appears in 1 contract
Samples: Memorandum of Understanding
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 medical 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 restoredprovided.
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 providedprovided for by Medicare) up to the limits as outlined in Sections 8.03.C.1. and C.2. above. To receive this reimbursement benefit, the retiree must submit
(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 90-90- 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 not communicate an invoice for reimbursement to the City. An application for “extraordinary circumstances” shall not extend beyond 180 days. Reimbursements will be made to retirees via Automated Clearing House (ACH)/direct deposit only, and any pending reimbursement held by the City and not received by the retiree as a result of the retiree’s failure to set up ACH/direct deposit with the City shall be forfeited after 60 days.
4. Upon retirement, the retiree and/or his/her dependents are not authorized to remain on City-provided dental or optical plans, at which time the retiree and/or his/her dependents may be entitled to COBRA coverage, as provided by law, at the retiree’s sole expense.
Appears in 1 contract
Samples: Memorandum of Understanding