Common use of RETIRED EMPLOYEES AND DEPENDENTS Clause in Contracts

RETIRED EMPLOYEES AND DEPENDENTS. Except as otherwise provided in Article XX of this Agreement an employee who is under age sixty-five (65) but retired from the City's service as a result of becoming eligible to retire because of having served the required number of years and having reached the required age of retirement under the Illinois Municipal Retirement Fund may retain the same medical plan of coverage he had as a City employee. The City will bear the cost of the total premium for the employee only medical coverage to age sixty-five (65). Should the employee choose to continue dependents coverage, the employee will pay the full premium for dependents coverage. Further, should any employee under the age of fifty-five (55) opt for retirement after twenty (20) years or more of service with the City of Galesburg and who also meets the service requirements for pension benefits under the provisions of the Illinois Municipal Retirement Fund, then that employee may remain in the City's health medical coverage plan at his own expense to age sixty- five (65). If any covered person attains the age of sixty-five (65), be it the retired employee or a dependent, then said employee or dependent is eligible for coverage secondary to Medicare as described in the first paragraph of Section 17.1. That person who attains the age of sixty-five (65), be it the retired employee or a dependent, immediately becomes eligible for the coverage secondary to Medicare and all other coverage is terminated in regard to that person.

RETIRED EMPLOYEES AND DEPENDENTS. Except as otherwise provided in Article XX of this Agreement an employee who is under age sixty-five (65) but retired from the City's service as a result of becoming eligible to retire because of having served the required number of years and having reached the required age of retirement under the Illinois Municipal Retirement Fund may retain the same medical plan of coverage he had as a City employee. The City will bear the cost of the total premium for the employee only medical coverage to age sixty-five (65). Should the employee choose to continue dependents coverage, the employee will pay the full premium for dependents coverage. Further, should any employee under the age of fifty-five (55) opt for retirement after twenty (20) years or more of service with the City of Galesburg and who also meets the service requirements for pension benefits under the provisions of the Illinois Municipal Retirement Fund, then that employee may remain in the City's health medical coverage plan at his own expense to age sixty- sixty-five (65). If any covered person attains the age of sixty-five (65), be it the retired employee or a dependent, then said employee or dependent is eligible for coverage secondary to Medicare as described in the first paragraph of Section 17.1. That person who attains the age of sixty-five (65), be it the retired employee or a dependent, immediately becomes eligible for the coverage secondary to Medicare and all other coverage is terminated in regard to that person.