Post-Retirement Health Care. The School District shall provide the Superintendent with a post- retirement Health Care Account (“Account”). The School District shall contribute $15,000 per Contract year in equal monthly installments to the Account while the Superintendent is employed with the School District. The School District shall make no contributions to the Account after the Superintendent ceases to be employed by the School District. The Superintendent may receive reimbursement from the Account for expenses related to medical care, as defined under the Internal Revenue Code; however, the definition of expenses eligible for reimbursement may be modified if necessary to comply with applicable nondiscrimination requirement under the Internal Revenue Code.
Post-Retirement Health Care. Retirees/ spouses who are or become eligible for Medicare and who are receiving City- paid coverage will be encouraged by the Local 22 Health Fund to enroll in Medicare Part A and Part B when they become eligible. Upon doing so, the City's contribution to the Health Fund on account of such retiree (and spouse /eligible dependent, as applicable) will be the amount of the Medicare Part B premium and the cost of a supplemental plan (including prescription, dental and vision) that will be made available to the retiree (or spouse/ eligible dependent) for so long as they are eligible for City-paid coverage. Enrollment in the supplemental plan (in addition to the benefits provided by Medicare) will not result in coverage that is greater than what is provided by the Health Fund to those who are not enrolled in Medicare. The City will continue to pay the cost of the benefits for retirees and/or dependents who are not Medicare eligible or who do not enroll in Medicare for so long as they are eligible for City-paid coverage. The terms of this paragraph will also apply to any retiree /spouse who has enrolled in Medicare prior to the date the Award is issued and is still receiving City-paid coverage.
Post-Retirement Health Care. Except as otherwise provided in this Agreement the Township will not provide post-retirement health insurance coverage to Employee.
Post-Retirement Health Care. Except as may be provided in the Collective Bargaining Agreement, or the Assumed Union Benefit Plans and except as set forth on Section 3.13(g) of the Disclosure Schedule, the Seller has no liability in respect of post retirement health, medical or life insurance benefits for retired, former or current Employees except as required to avoid the excise tax under Section 4980B of the Code and for which the Seller is fully responsible.
Post-Retirement Health Care. The agreement maintains the current post-retirement health care plans with no new or changed deductibles, no new or changed co-pays and no change to the rate structure of the retiree contributions. Effective 1/1/2022, spouses of retirees remain eligible for PPS retiree health care until reaching Medicare eligibility (age 65). Note: Currently, spouses on the retiree's plan can continue on the plan past Medicare eligibility, even though the retiree could not. Starting 1/1/2022, the spouse of the retiree will have the same eligibility as the retiree.
Post-Retirement Health Care. In consideration of the Employee's continued employment, the Corporation shall provide family coverage for post retirement health care at no premium cost o the Employee during the life of the employee and his spouse. Should active employee coverage change, the retiree's cost will not exceed out-of-pocket costs of $1,000 per year.
