Retiree Contributions. The retiree enrolls in the medical plan at his/her own expense for medical insurance.
Retiree Contributions. 1. A mandatory monthly contribution from each retired unit employee (retiree) must be made to the Fund in an amount sufficient to ensure the solvency of the Fund.
2. Effective January 1, 2016, this monthly contribution to the Fund shall be forty dollars ($40.00) per retiree.
3. Such monthly contributions shall be deducted from the retiree’s reimbursement check from the City.
Retiree Contributions. A retiree shall contribute to the cost of health insurance coverage in an amount equal to that paid by an active employee of the bargaining unit. The parties recognize that a retiree’s contribution toward the cost of health insurance may change and is not fixed. Whenever an active employee's contribution toward the cost of health insurance changes (provided such changes are negotiated, effected in accordance with the collective bargaining agreement then in effect, or mandated by state or federal law), including any such changes in future years beyond the expiration of this collective bargaining agreement, the retiree’s contribution shall also change to an equivalent amount.
Retiree Contributions. Effective after the date of City Council ratification 1995, any future retirees who qualify pursuant to paragraph B-1 above, and their dependents, shall contribute toward the monthly premiums for items X-0, X-0, X-0 above, at the same level as the active employees (90/10) with the Employer paying the 90%. Any employees hired after the date of ratification of the 2004 contract who qualify pursuant to paragraph B-1 above, and their dependents, shall contribute toward the monthly premiums for items X-0, X-0, X-0 above, at the rate of 100%. All other provisions of Section E above shall continue to apply. Upon ratification of this Contract, the Employer shall provide continued health/dental coverage for retirees who retire under the 2012-2014 contract and who qualify under Article XX Section F, coverage will be under the VEBA 100 plan and the premium split will be 85/15 with the Employer paying 85%. The Employer will pay the full annual deductible until age 65. At age 65, the retiree must enroll in a supplemental plan. If the employee dies, the surviving spouse may continue single medical and/or dental coverage by paying the full monthly premium for such coverage(s). Any current retiree who is under age 65 shall have the option to convert to the VEBA 100 plan at 90/10 premium split, with the Employer paying 90%. The Employer will pay the full annual deductible until the retiree reaches age 65, then the retiree must enroll in a supplemental plan. This option is open until July 1, 2012. If the employee dies, the surviving spouse may continue single medical and/or dental coverage by paying the full monthly premium for such coverage(s).
Retiree Contributions a. For retirees who retired prior to the ratification of the 2021-2023 agreement who qualify for retiree medical insurance benefits, the contribution levels toward monthly premiums shall be dictated by the terms of their separation agreement or the contract under which they retired. For any future retiree who qualifies for retiree medical insurance contributions, the retiree shall contribute toward the monthly premiums at the level specified by the contract under which the employee retired. (For example, if an employee retires under the 2021-2023 agreement, a retiree enrolled in the PEIP HSA plan shall pay 10% of the monthly premium; a retiree enrolled in the PEIP Advantage plan shall pay 20% of the monthly premium.) A letter shall be provided to each employee upon retirement specifying the rate(s) of contributions available to them under the plans offered and a copy of the letter shall be retained by the City.
b. Any employees hired after the date of ratification of the 2004 contract who qualify pursuant to paragraph B-1 above, and their dependents, shall contribute toward the monthly premiums for items X-0, X-0, X-0 above, at the rate of 100%. All other provisions of Article XX, Section E above shall continue to apply.
c. Upon ratification of the 2018-2020 Contract, the Employer shall provide continued health/dental coverage under the VEBA 100 plan with a premium split of 85/15 with the Employer paying 85% to any employee who meets the following criteria:
i. By 12/31/2021, employee is eligible for retirement under by-laws of the Public Employees Retirement Association’s (PERA) “Rule of 90” which states that total of age plus years of service equals 90 points, AND
ii. Employee qualifies for medical insurance benefits from the City after retirement under Article XX, Section F-1, AND
iii. Employee submits a letter of intent to retire by 10/31/2020 that clearly indicates date of retirement that is on or before 12/31/2021 AND iv. Employee must retire on or before 12/31/2021.
d. The Employer will pay the full annual deductible until age 65. At age 65, the retiree must enroll in a supplemental plan.
e. If the employee dies, the surviving spouse may continue single medical and/or dental coverage by paying the full monthly premium for such coverage(s).
