Retired Basic Medical Coverage. Employees with at least 15 years of service who retire under the early, normal, or postponed provisions of the Xxxxxx Permanente Colorado Professional Employees Pension Plan shall receive Employer-paid basic medical coverage subject to the following provisions:
(1) Normal and postponed retirees shall receive continued basic medical coverage for the retiree, his/her spouse and eligible dependents.
(2) Early retirees shall receive basic medical coverage when they become eligible for Medicare at age sixty-five (65) for the retiree, his/her spouse and eligible dependents. Early retirees may continue basic medical coverage at their own expense until reaching age sixty-five (65).
(3) Employees hired after September 29, 1980 must have 25 years of service in order to receive fully paid Basic Medical Coverage benefits. Employees with less than 25 years of service will be required to pay 4% of the cost of the coverage for the retiree, spouse, and eligible dependents for each year of service under 25 years up to a maximum of 40%.
(4) Basic medical coverage for the retiree, spouse, and eligible dependents shall be comparable to the coverage provided to active employees with the exception that benefits are integrated with Parts A and B of Medicare. Benefits will be provided for the retiree, spouse, and eligible dependents and will continue for the life of the retiree. The retiree and spouse will be required to maintain participation in Parts A and B of Medicare at his/her own expense. The retiree and spouse enrolled in Xxxxxx Foundation Health Plan basic medical coverage must also assign Parts A and B to the Health Plan to remain eligible for Employer-paid coverage.
(5) The parties understand and agree that members of the professional health care staff who were hired before unionization September 29, 1980, and have remained in the Health Care professional group represented by Local 7, are grandfathered under the salaried retiree health care rules and would be eligible for post- retirement medical benefits for self, spouse and/or eligible dependents under the salaried employee provisions that are in effect at the time of their retirement, provided they meet the normal, early, postponed or disability requirements of the Xxxxxx Permanente, Colorado Professional Employees Pension Plan. An addendum to this collective bargaining agreement sets forth the names. EMPLOYEE HIRE DATE Xxxxxxx, Xxxxxxx 08/04/75 Xxxxxx, Xxxxxxx 11/07/77 Xxxx, Georgia 08/19/80 Xxxxxxxx, Xxxx 04/07/78...
Retired Basic Medical Coverage. Employees with at least 15 years of service who retire under the early, normal or postponed provisions of the Xxxxxx Permanente Colorado Professional Employees Pension Plan shall receive Employer-paid basic medical coverage subject to the following provisions:
A. Normal and postponed retirees shall receive continued basic medical coverage for the retiree, his/her/their spouse and eligible dependents.
B. Early retirees shall receive basic medical coverage when they become eligible for Medicare at age sixty-five (65) for the retiree, his/her/their spouse and eligible dependents. Early retirees may continue basic medical coverage at their own expense until reaching age sixty-five (65).
C. Employees hired after September 29, 1980 must have 25 years of service in order to receive fully paid Basic Medical Coverage benefits. Employees with less than 25 years of service will be required to pay 4% of the cost of the coverage for the retiree, spouse and eligible dependents for each year of service under 25 years up to a maximum of 40%.
D. Basic medical coverage for the retiree, spouse and eligible dependents shall be comparable to the coverage provided to active employees with the exception that benefits are integrated with Parts A and B of Medicare. Benefits will be provided for the retiree, spouse and eligible dependents and will continue for the life of the retiree. The retiree and spouse will be required to maintain participation in parts A and B of Medicare at his/her/their own expense. The retiree and spouse enrolled in Xxxxxx Foundation Health Plan basic medical coverage must also assign Parts A and B to the Health Plan to remain eligible for Employer-paid coverage.
