Retiree Health Benefits Sample Clauses

Retiree Health Benefits. 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on ...

Retiree Health Benefits. The District shall offer the following retiree health program:

Retiree Health Benefits. The District shall offer to eligible retiring employees the same health plans as are offered to active employees during the term of the employee’s retirement. To be eligible for this benefit the employee must retire from WCCUSD, directly into PERS or STRS, be eligible for health benefits at the time of retirement and have attained the required years of service to the District as stated below. To be eligible for these benefits, employees must meet the requirements stated in the above paragraph and one of the following years of service requirements: 12.5.1 Current regular employees hired prior to January 1, 2007: (a) Employees who attain five continuous years of service with WCCUSD (as defined by PERS/STRS) shall have met the required years of service to the District for the purposes of this section. The maximum district contribution towards benefits for employees in this category shall be $250.00 per month. The effective date of this section will be July 1, 2010. (b) Employees who attain ten continuous years of service with WCCUSD (as defined by PERS/STRS) shall have met the required years of service to the District for the purposes of this section. The maximum district contribution towards benefits for employees in this category shall be $450.00 per month. The effective date of this section will be July 1, 2010. (c) For Employees who have attained twenty years of continuous years of service with WCCUSD (as defined by PERS/STRS) by 6/30/10, the District shall pay a maximum contribution of $550.00 per month. The effective date of this section will be July 1, 2010. (d) For Employees who have attained twenty five years of continuous years of service with WCCUSD (as defined by PERS/STRS) by 06/30/10, the District shall pay a maximum contribution of $750.00 per month. The effective date of this section will be July 1, 2010. 12.5.2 For employees hired on or after January 1, 2007, who attain twenty-five years of continuous years of service with WCCUSD (as defined by PERS/STRS) shall have met the required years of service to the District for the purposes of this section. The maximum district contribution towards benefits for employees in this category shall be $450.00 per month until the employee reaches the age of 65. Thereafter, the District shall only pay a total of the CalPERS Health Benefits Program minimum allowable monthly unequal contribution amount for the enrollment in a health benefits plan of each eligible retiree, including enrollment of a maximum of o...

Retiree Health Benefits. A. This section does not apply to those District employees who retired from the District prior to July 1, 1988. B. Eligibility requirements for retiree medical coverage are as follows: 1. Xxxxxxxx retirees hired prior to March 1, 2007: a. Eligible retirees with a minimum of ten (10) years (20,800 hours) of continuous District service will receive medical coverage. b. Eligible retirees with a minimum of fifteen (15) years (31,200 hours) of continuous District service will receive medical coverage for the employee plus one eligible dependent. 2. Xxxxxxxx retirees hired on or after March 1, 2007: a. An employee retiring with fifteen (15) years (31,200 hours) of continuous service will receive medical coverage. b. An employee retiring with twenty (20) years (41,600 hours) or more years of continuous service will receive medical coverage for the employee plus one eligible dependent. C. A retired employee has the option to continue coverage for additional eligible dependents by paying the premium to the District. D. Retirees who live outside the Kaiser service area will not be permitted to enroll in the Kaiser plan. E. The District will include this assumption in conducting an actuarial analysis to estimate the impact on reducing the unfunded liability. F. During periods when an eligible retiree has medical coverage from another employer, that coverage will be primary and the District’s coverage will become secondary. G. Upon the retiree’s death, the District will continue medical coverage for the retiree’s surviving eligible dependent. District paid continuation of a second eligible dependent will cease upon the retiree’s death. H. Any other surviving eligible dependents that were on the plan at the time of the retiree’s death have the option to continue coverage by paying the premium to the District. New or additional dependents cannot be added after the retiree’s death. 1. An eligible District retiree is defined as: a. An employee who retired from the District on and after July 1, 1988 and is eligible for PERS service retirement (age fifty (50) or over with a minimum of five (5) years of PERS service credit); and b. An employee with a minimum of ten (10) years (20,800 hours) of continuous District service; or c. An employee with a minimum of five (5) years (10,400 hours) of continuous District service who is eligible for PERS disability retirement. I. It is understood that, by entering into this MOU, neither party waives any legal rights, including the Societ...

Retiree Health Benefits. Notwithstanding any provision in this MOU to the contrary, the retiree health benefits for employees who retire on or after April 1, 2012 are determined by the City’s MOU (including amendment with DCAA), which the City Council adopted by San Diego Ordinance O-20133 (February 17, 2012) and amended by San Diego Ordinance O-20174 (June 26, 2012).

Retiree Health Benefits. The District contracts with CalPERS for the purpose of providing employees and retirees with access to health insurance benefits. Participation in CalPERS Health insurance programs is determined in accordance with applicable law. The District provides all retirees who participate in CalPERS health insurance plans and who qualify as District “annuitants” with a minimum contribution towards health insurance benefits offered by CalPERS. This minimum contribution is determined by CalPERS and will be paid by the District directly to CalPERS.

Retiree Health Benefits. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

Retiree Health Benefits. 22.4.1 Employees hired before July 1, 2004, shall be required to be employed full-time (1.0 FTE) for the final seven (7) consecutive years with SFUSD prior to retirement in order to receive paid retiree health benefits. Part-time shall be counted proportionately to meet this requirement. On July 1st of every subsequent year, the requirement for full-time consecutive years with SFUSD shall increase by one year until the requirement is twelve (12) years of full time (1.0 FTE) service with the SFUSD prior to retirement in order to receive paid retiree health benefits. This provision shall not be applicable to employees who retire on or before June 30, 2006. 22.4.2 Employees hired on or after July 1, 2004, shall be required to be employed full time (1.0 FTE) for 20 final consecutive years of service to qualify for retiree health benefits. 22.4.3 Final consecutive years of service shall include approved paid leaves of absence. Unpaid leaves and separation from employment due to reduction in force shall not constitute a break in service but shall not be counted in the 20 year requirement. Sabbatical leaves and time worked as a 5-3/4 hour/day or as a 3-1/4 hour/day Early Education Department teacher shall be counted as full time service. Final consecutive years of service shall also include district service both as a classified and as a certificated employee. For the purposes of this article the unit member’s date of hire as a classified employee shall be the effective date when determining whether section 22.4.1 or section 22.4.2 is applicable. 22.4.4 Vesting shall be deemed achieved for purposes of this article so long as the unit member achieved vesting as a member of the United Support Personnel bargaining unit.

Retiree Health Benefits. 1. Unit members hired before January 1, 1987 who retire may continue their current benefits under existing practice (80% employer/20% employee split) for the number of years they participated as an active employee or receive the same benefits for life at a 70% employer/30% employee split. Employees hired after January 1, 1987 shall be eligible for lifetime benefits with a 70% employer/30% employee, premium split. For purposes of this section, 70% employer/30% employee split means that after 15 years of service, the split shall be 70%/30%. For employees with more than 5 years service but less than 15 years service, the employer shall pay 50% plus 2% for each additional year after five, up to a maximum of 70%. However, employees retired on a service-connected disability shall be eligible for a 70% employer/30% employee split regardless of length of service.

Retiree Health Benefits. Should Employee retire from the City as a CalPERS eligible retiree, the City will contribute an amount toward the CalPERS medical premium that is equal to the amount required under the City's resolution electing coverage under the Public Employees Medical and Hospital Care Act (“PEMHCA”), which is the minimum amount required by the PEMHCA. The City shall have no obligation to make such contribution in the event it no longer participates in the CalPERS medical and hospital care program. Provided that Employee has reached the minimum age of 50 years of age and retired from the City as a CalPERS eligible retiree, he shall continue to be eligible to participate in the City's group medical, dental and vision care plans until age 65, contingent upon the health provider's acceptance. The full cost of any insurance selected by the retiree shall be borne by the retiree. As long as the retiree is enrolled in an insurance plan his eligible dependents may also enroll in the insurance plans as provided above. The retiree and/or dependent shall pay any cost of dependent insurance benefits.