RETIRED EMPLOYEES MEDICAL INSURANCE Sample Clauses

RETIRED EMPLOYEES MEDICAL INSURANCE. For all employees represented by the BMA who retire from the City of Burbank and continue participation in the Public Employees’ Medical and Hospital Care Act, Government Code §22750, as presently enacted or as may be subsequently amended, the City makes the employer contribution for post-retirement health benefits required in Government Code §22892 as presently enacted or as may be subsequently amended. Effective January 1, 2007, for BMA represented employees who retired between June 29, 1992 and December 31, 2003 and chose not to participate in the Retiree Medical Trust set forth in Section F of this Article, the City shall provide a monthly payment to each such retiree as a supplement to their health care insurance in an amount that is calculated by dividing $18,000 by 12 (months) by the number of such retirees until fifteen (15) of such eligible retirees remain. Thereafter, the monthly payment to each retiree as a supplement to their health care insurance shall be $100.00 a month. Eligibility for this benefit remains in effect by the City. The City shall not deduct any taxes from this benefit.
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RETIRED EMPLOYEES MEDICAL INSURANCE. For all employees represented by the BMA who retire from the City of Burbank and continue participation in the Public Employees’ Medical and Hospital Care Act, Government Code §22750, as presently enacted or as may be subsequently amended, the City makes the employer contribution for post-retirement health benefits required in Government Code §22892 as presently enacted or as may be subsequently amended.
Sample 1
RETIRED EMPLOYEES MEDICAL INSURANCE. (a) The Authority will provide eligible employees who retire on or before July 31, 2012 with the employee’s choice of either Blue Cross/Blue Shield Traditional Blue POS 201/201 Plan, Original Network or Advantage Network (as described in Schedule B of the 2007-2012 collective bargaining agreement), or Traditional Blue POS 7200 with Health Reimbursement Arrangement, (HRA), funded as described in Section (d), below. The summary plan description for Traditional Blue POS 7200 is included in this agreement as Schedule B. The adjustments described in Section 1(d), above, related to prescription co-pays and annual out-of-network out-of-pocket maximums are also applicable to retirees selecting Traditional Blue POS 7200. (b) The Authority will provide eligible employees who retire on or after August 1, 2012 with Traditional Blue POS 7200 with HRA, funded as described in Section (d), below. (c) Beginning with the July 2013 plan year, retirees who subscribe to the Blue Cross/Blue Shield Traditional Blue POS 201/201 Plan will be given the option of transferring to Traditional Blue POS 7200 with HRA, funded as described in Section (d), below (d) Beginning August 1, 2012, the Authority will establish and maintain a Health Reimbursement Arrangement (HRA) for each retiree who subscribes to Traditional Blue POS 7200, consistent with Section 105(h) of the Internal Revenue Code. At the start of each plan year, the HRA of each participating retiree shall be funded with an amount equal to one hundred percent (100%) of the total deductible for employees hired before June 1, 2016 and eighty-five (85%) of the total deductible for employees hired after June 1, 2016 applicable to their type of coverage (either single or family plan). (e) The Authority will provide eligible employees who are hired after June 30, 2018 and become eligible to retire with health insurance plan similar to the health insurance they received during the last year of their employment with the Authority. (f) Unused balances of a retiree’s individual HRA account will not roll over from year to year. (g) Participating retirees shall be provided with a debit card(s) to access their HRA account. Upon a retiree’s request, additional debit cards may be issued for use by spouses and covered dependents over age 18. There shall be no charge to retirees for additional debit cards. (h) Retirees who are eligible for Medicare Part B will be provided with Blue Cross/Blue Shield Traditional Blue POS 201/201 Plan, Original N...
Sample 1
RETIRED EMPLOYEES MEDICAL INSURANCE. 1. Prior to July 1, 2000, the City contributed $25/month toward retired employees' medical insurance. Effective July 1, 2000, the City contributed $125/month towards retired employees' medical insurance for all employees represented by the BMA who retired between June 29, 1992 and December 31, 2003. 2. Effective, April 1, 2003, the City provided $20,000.00 to set up a Retiree Medical Trust Coalition. In addition, the City set aside the sum of $2.4 million for three years worth of the monthly payments for the prospective retirees. The anticipated rates are $50.00 per month for FY 2002-2003, $60.00 per month for FY 2003-2004 and $65.00 per month for FY 2004-2005. Employees will contribute $40.00 per month to the trust. 3. The parties agree that the contribution to BERMT effective April 1, 2006 to March 31, 2007, will be as follows: a. Each employee eligible to be enrolled in BERMT will contribute $52.50 per month to BERMT. b. The City will contribute $52.50 per month to BERMT for each employee who is eligible to be enrolled in BERMT. 4. The parties agree that the contributions to BERMT effective from April 1, 2007 to March 31, 2008, will be as follows: a. Each employee eligible to be enrolled in BERMT will contribute $65.00 per month to BERMT. b. The City will contribute $65.00 per month to BERMT for each employee who is eligible to be enrolled in BERMT. 5. Employees who retired between July 1, 2002 and December 31, 2003, may choose one of the following retiree medical options: a. $125/month towards PERS retiree medical premiums as outlined in 1 of this Section, or b. Participation in the Retiree Medical Trust as outlined in 2 of this Section. Once the selection is made, it is irrevocable and remains in effect for the life of the retiree and for their beneficiaries. 6. Employees who retired on or after January 1, 2004, will only be eligible to participate in the Retiree Medical Trust as outlined in 2 of this Section.
Sample 1

Related to RETIRED EMPLOYEES MEDICAL INSURANCE

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Retiree Insurance Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of Workers’ Compensation/Employer’s Liability insurance are: Part One: Part Two: “Statutory” Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

  • Workers’ Compensation/Employer’s Liability The Contractor shall have, maintain, and provide proof of Workers’ Compensation insurance.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • ' Compensation & Employer's Liability The Service Provider shall maintain during the life of this Agreement for all of the Service Provider's employees engaged in work performed under this agreement:

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Key Person Life Insurance The Company will maintain key person life insurance in an amount not less than $1,200,000 on the life of E. Xxxxxxx Xxxxx and pay the annual premiums therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date.

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