Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with contractwith the Public Employees' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.
Appears in 1 contract
Samples: Memorandum of Understanding
Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s PERS medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees' ’ Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.
Appears in 1 contract
Samples: Management Agreement
