Pre-Medicare Eligible Retirees. Retirees who are not eligible for Medicare benefits may elect to participate in a City-sponsored medical plan or purchase an individual medical plan. A retiree who elects to purchase a medical plan not sponsored by the City shall be eligible to reenroll in a City-sponsored medical plan within two (2) consecutive plan years of waiving City coverage.
Pre-Medicare Eligible Retirees. Retirees not yet eligible for Medicare will remain on the Company’s Employee Health Plan for active employee until their attainment of age 65. The Employee Health Plan is set forth in one or more separate documents from this Agreement and is incorporated by reference into this Agreement. All rights under the Employee Health Plan are determined by the Plan terms. Pre-Medicare Eligible Employees of MPS covered by this Agreement will be covered under the Company’s Employee Health Plan effective June 1, 2015. Pre-Medicare Eligible Retirees will contribute to the Employee Health Plan based on their combined years of continuous service with MPS, Bangor Hydro, and/or Emera Maine pursuant to the following contribution schedule: Employees with - - - Must Contribute Less than 20 Years’ Service at retirement 100% of Retiree contribution Rate 20 to 24 Years of Service at retirement 50% of Retiree contribution Rate 25 to 29 Years of Service at retirement 66 2/3% of Active Employee Rate* 30 or More Years of Service at retirement No Contribution *66 2/3% of Active Employee Rate for the period 2016-2020 will be: Pre-65/Non-Medicare Eligible Retirees *66 2/3% of Active Employee Rate for the period 2016-2020 will be: Single $37.91 $39.24 $39.24 $40.81 $42.44 Family $58.43 $61.78 $61.78 $66.82 $71.49 Section 5.c. Pre-Medicare Eligible Retirees not Covered under Section 5.b. The following rules apply for retirees of the Company who are not covered under Section 5.b. above.
