Common use of Retiree Health Benefit for Eligible Retirees Clause in Contracts

Retiree Health Benefit for Eligible Retirees. Hired before August 22, 2018 15.8.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 The employee retired from the Town taking a service or disability retirement from CalPERS as a retiree receiving a CalPERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Retiree Only and 90% of the difference between the Xxxxxx Region 1 Retiree Only and Xxxxxx Region 1 Retiree & One Dependent level of participation. For the Retiree & Two Plus Dependents Plan, the Town will pay $1,947.16 per month, as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution.. 15.8.5 The Town’s contribution towards retiree health insurance set forth in Section 15.7 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.4). 15.8.6 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.4) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Senior Advantage Region 1 Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & One Dependent or 90% for Retiree & Two Plus Dependents less the amount of the employee contribution provided under Section 15.7 (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 The benefits described by this Section (15.8) will be provided to annuitants through CalPERS by means of a Health reimbursement Account (HRA).

Retiree Health Benefit for Eligible Retirees. Hired before August 22July 1, 2018. 15.8.1 13.7.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 13.7.2 The employee retired from the Town taking a service or disability retirement from CalPERS as a retiree receiving a CalPERS PERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 13.7.3 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 13.7.4 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Bay Area Retiree Only and 90% of the difference between the Xxxxxx Region 1 Bay Area Retiree Only and Xxxxxx Region 1 Retiree & Plus One Dependent level levels of participation. For the Retiree & Two Plus Dependents Plan, the The Town will pay up to $1,947.16 per month, month as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution... 15.8.5 13.7.5 The Town’s contribution towards retiree health insurance set forth in Section 15.7 13.6 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.413.7.). 15.8.6 13.7.6 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.413.7) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Senior Advantage Region 1 Bay Area Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & Plus One Dependent or 90% for Retiree & Two Plus Dependents One or More, less the amount of the employee employer contribution provided under Section 15.7 section 13.6 above (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 13.7.7 The benefits described by this Section (15.813.7) will be provided to annuitants through CalPERS by means of a Health reimbursement Reimbursement Account (HRA). 13.7.8 Employees hired on and after July 1, 2018, who retire from the Town are not eligible to receive an HRA retiree health benefit allowance from the Town.

Retiree Health Benefit for Eligible Retirees. Hired before August 22on or Before October 1, 2018 15.8.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 14.1.1 The employee retired from the Town taking a service or disability retirement from CalPERS as a retiree receiving a CalPERS PERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 14.1.2 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 14.1.3 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Bay Area Retiree Only and 90% of the difference between the Xxxxxx Region 1 Retiree Employee Only and Xxxxxx Region 1 Retiree & One Dependent level of participationparticipation (Employee Plus One or Employee Family, depending on family status). For the Retiree & Two Plus Dependents Plan, the The Town will pay $ $1,947.16 per monthmonth towards a Retiree Plus One or More plan, as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution... 15.8.5 14.1.4 The Town’s contribution towards retiree health insurance set forth in Section 15.7 14 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.414.1). 15.8.6 14.1.5 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.414.1) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Senior Advantage Region 1 Bay Area Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & Plus One Dependent or 90% for Retiree & Two Plus Dependents One or More less the amount of the employee contribution provided under Section 15.7 14 (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 14.1.6 The benefits described by this Section (15.814.1) will be provided to annuitants through CalPERS by means of a Health reimbursement Reimbursement Account (HRA).

Retiree Health Benefit for Eligible Retirees. Hired before August 22July 1, 2018. 15.8.1 13.7.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 13.7.2 The employee retired from the Town taking a service or disability retirement from CalPERS XxxXXXX as a retiree receiving a CalPERS PERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 13.7.3 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 13.7.4 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Bay Area Retiree Only and 90% of the difference between the Xxxxxx Region 1 Bay Area Retiree Only and Xxxxxx Region 1 Retiree & Plus One Dependent level levels of participation. For the Retiree & Two Plus Dependents Plan, the The Town will pay up to $1,947.16 per month, month as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution... 15.8.5 13.7.5 The Town’s contribution towards retiree health insurance set forth in Section 15.7 13.6 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.413.7.). 15.8.6 13.7.6 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.413.7) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Senior Advantage Region 1 Bay Area Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & Plus One Dependent or 90% for Retiree & Two Plus Dependents One or More, less the amount of the employee employer contribution provided under Section 15.7 section 13.6 above (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 13.7.7 The benefits described by this Section (15.813.7) will be provided to annuitants through CalPERS by means of a Health reimbursement Reimbursement Account (HRA). 13.7.8 Employees hired on and after July 1, 2018, who retire from the Town are not eligible to receive an HRA retiree health benefit allowance from the Town.

Retiree Health Benefit for Eligible Retirees. Hired before August 22on or Before October 1, 2018 15.8.1 The employee completed at least five years of continuous service with the Town; and 15.8.2 14.1.1 The employee retired from the Town taking a service or disability retirement from CalPERS XxxXXXX as a retiree receiving a CalPERS PERS retirement allowance and is a PEMHCA annuitant; and, 15.8.3 14.1.2 The employee must actually draw a CalPERS pension within ninety (90) days of separation from the Town, provided the employee remains with the Town’s health plan through COBRA. 15.8.4 14.1.3 The amount of the supplemental retiree health benefit allowance will be equal to 100% of the cost of the premium for Xxxxxx Region 1 Kaiser Bay Area Retiree Only and 90% of the difference between the Xxxxxx Region 1 Retiree Kaiser Employee Only and Xxxxxx Region 1 Retiree & One Dependent Kaiser level of participationparticipation (Employee Plus One or Employee Family, depending on family status). For the Retiree & Two Plus Dependents Plan, the The Town will pay $ $1,947.16 per monthmonth towards a Retiree Plus One or More plan, as of the 2022 plan year. This amount will increase by $100.00 each year until it is equal to the active employee contribution... 15.8.5 14.1.4 The Town’s contribution towards retiree health insurance set forth in Section 15.7 14 (the PEMHCA minimum) will be deducted from the amount of contribution provided by this Section (15.8.414.1). 15.8.6 14.1.5 Employees retiring on or after February 1, 2016 and upon becoming eligible for Medicare will cease to receive any retiree health benefit allowance under this Section (15.8.414.1) and will become eligible for Supplemental Medicare equal to the cost of Xxxxxx Kaiser Senior Advantage Region 1 Bay Area Medicare rates up to a maximum of 100% Retiree Only, 90% for Retiree & Plus One Dependent or 90% for Retiree & Two Plus Dependents One or More less the amount of the employee contribution provided under Section 15.7 14 (the PEMHCA minimum). This benefit is available to the eligible retired employee only after he or she has reached the age of 65 and is Medicare eligible or as otherwise specified by law. 15.8.7 14.1.6 The benefits described by this Section (15.814.1) will be provided to annuitants through CalPERS by means of a Health reimbursement Reimbursement Account (HRA).