Retiree Health Care. A. Full time Employees, who retire from County service and are immediately eligible to receive MERS benefits, may at their own expense, continue group health insurance and dental insurance for themselves and their spouse at the time of retirement, by paying the premiums. Coverage and premiums for retirees, prior to eligibility for Medicare, will be the same as that of active employees. An employee’s surviving spouse covered under the County’s Retiree Health Insurance, may at their own expense, continue group health insurance and dental insurance by paying the premiums. This continuation is contingent upon the insurance carriers permitting retired employees and surviving spouses to pay for same.
B. Full time employees, hired after January 1, 1989 but prior to January 1, 2008, who retire from County service after January 1, 2008, with 25 or more years of continuous service, and are immediately eligible to receive MERS benefits, shall receive $100 per month towards retiree health insurance, through the County Plan, until achieving 65 years of age.
C. Full time employees, hired prior to January 1, 1989, who retire from County service after January 1, 2008 with 25 or more years of continuous service, and are immediately eligible to receive MERS benefits, shall receive $150 per month towards retiree health insurance, through the County Plan, until achieving 65 years of age.
D. The County contribution for Retiree Health Care for full time employees hired after January 1, 2008 shall be as provided in section 24.9
Retiree Health Care. Employees who retire from County service, at their own expense, may continue health insurances and dental insurance, for themselves and their spouse at the time of retirement, by paying the premiums. Coverage and premiums for retirees, prior to eligibility for Medicare, will be the same as that of active employees. An employee’s surviving spouse covered under the County’s Retiree Health Insurance, may at their own expense, continue group health, dental, and vision insurance by paying the premiums. The above is contingent upon the insurance carriers permitting retired employees being allowed to pay for same.
Retiree Health Care. The City of Grand Rapids is the plan sponsor of a group health care plan covering certain hospitalization, surgical, medical, dental, and optical expenses for retired City employees and their eligible dependents. Retired City employees and their eligible dependents participate in this group health care plan. A summary of the coverage available through the city’s group health care plan is contained in the Summary Plan Document booklet. It is agreed that Management will pay the hospitalization insurance premium for the retiree, spouse, and eligible dependents between those years of age of the retiree between 50 and 64 inclusive. Xxxxxx is understood to be that person to whom the retiree is married at time of retirement. This benefit is limited to those individuals who are the spouse and/or qualified dependents of the retiree at the time he/she begins receiving a pension allowance. In the event the retiree dies after retirement between the ages of 50 and 64 inclusive, the spouse, if any, will continue to have the hospitalization insurance premium paid by Management until such time as the retiree would have reached age 65, provided that the retiree was participating in the pre-65 retiree health care plan at the time the retiree died. The surviving spouse would be eligible for City contributions toward the payment of retiree health care plan premium costs on the same basis that the retiree was eligible. Eligibility for continued coverage in the City’s pre-65 retiree health care plan and City contributions toward the payment of retiree health care plan premiums end if the former spouse becomes married to another individual or is covered by health care coverage under the plan of another employer. The parties agree that the hospitalization insurance premium of retirees provides the benefit improvement of student dependent coverage to age 23. Employees who vest their retirement and leave prior to attaining age fifty (50), shall be eligible for hospitalization benefits, at City expense, provided for in this Agreement, upon reaching age fifty (50). The City will make a contribution towards the percentage portion of the cost of the pre-65 service and disability retiree health insurance not covered by the retiree direct contribution (the "City Contribution") based upon the number of complete years of service the retiree had with the City as of their date of retirement. The minimum eligibility for any City Contribution towards retiree health insurance costs is 10 years ...
Retiree Health Care. Subject to Sections A, B, C and D, below, the Township will provide retirees with twenty-five (25) years of full-time service in the Plymouth Township Police Department (see Appendix D for full-time years of service), and their spouses, with health insurance comparable to that provided full-time employees, including dental, optical and prescription drug riders, provided that benefits are coordinated with Medicare, Medicaid, and other benefits provided by subsequent employers or spousal employers. Upon retirement and eligibility, Medicare shall be the primary insurer. At the time of retirement, eligible retirees and their spouses shall have the option to select health insurance coverage under the HMO or PPO provided by the Township. Employees choosing the PPO shall pay the difference in cost between the HMO and the PPO, in addition to any premium sharing required by 35.7(A). Retirees shall be eligible for dependent coverage upon retirement provided that the retiree shall be required to pay the full cost for such coverage.
Retiree Health Care. Employees under the age of 65 who retire from City service shall be eligible to enroll in retiree medical plans that are experience-rated with active employees.
Retiree Health Care a. The City of Grand Rapids is the plan sponsor of a group health care plan covering certain hospitalization, surgical, medical, dental, and optical expenses for retired City employees and their eligible dependents. Retired City employees and their eligible dependents participate in this group health care plan. A summary of the coverage available through the City’s group health care plan is contained in the Summary Plan Document (for the City of Grand Rapids Unified Health Care Plan). It is agreed that Management will pay the hospitalization insurance premium for the retiree and their dependents from the time the employee retires and until the time such retiree becomes eligible for Medicare or similar national health insurance benefits provided that: 1) the employee retires with thirty (30) years of service and is at least 48 years old; or 2) the employee is at least 62 years old and has eight (8) years of service; or 3) the employee is disabled pursuant to the provisions of the pension ordinance.
b. Employees who have met the vesting requirements of the City’s defined benefit pension system on or before June 1, 2009, shall continue to be covered in the City’s Defined Benefit retiree health care system, prior to becoming eligible for Medicare or similar national health care benefits, under the following terms and conditions:
Retiree Health Care. The Employer shall provide each employee with health care coverage similar or equal to Community Blue 10 (suffix 681) to all retirees who were hired by the Township prior to April 1, 2011 and retire after the execution of this Agreement, hereafter referred to as the Defined Benefit Plan (DBP). The DBP benefits shall be conditioned as follows:
A. The retiree must meet the minimum age and service requirements for “regular” retirement. For example, a minimum of age sixty (60) with eight (8) years of service or age fifty-five (55) with twenty-five (25) years of service.
B. The health care coverage provided shall be like or similar to the base plan which was available to the employee at retirement without option to purchase additional coverage.
C. An employee who retires, meeting the above requirements but having service time of less than twenty-five (25) years, may elect to receive this coverage with the premium to be funded as follows: 10-14 years 25% 75% 15-19 years 50% 50% 20-24 years 75% 25% 25-more years 100% 0% Payments must be made to the Township twenty (20) days in advance of the month of applicable coverage. This coverage must be elected by the employee prior to the time of retirement and its continuation is voluntary by the retiree. Coverage must be maintained on a continuous basis except as provided in #6 below. A retiree who fails to make the necessary premium payments timely may be disqualified for future coverage hereunder by the Township Board of Trustees.
D. Years of Service shall be the number of years of service that are used in calculating a retiree’s pension. This shall include military service time purchased by the retiree.
E. Employees who retire under a disability retirement, for other than a work related injury recognized Worker’s Compensation case), will not be eligible for this benefit. Employees who are approved and remain on a job related disability by MERS will receive all benefits of this Agreement but do not need to meet the age requirement for regular retirement as outlined in A above.
F. This coverage will provide for the retiree and his/her spouse, if the spouse does not have hospital and medical coverage provided elsewhere. If the spouse is covered elsewhere, but such other coverage terminates, without option to the spouse, the Township will add the spouse to the retiree’s policy, attempting to provide continuous coverage. Retiree health insurance benefits will be provided to a retiree's spouse after the retiree's death. To ...
Retiree Health Care. A. Employees who have retired since January 1, 1971, and are immediately eligible for retirement benefits, shall be provided single subscriber health and hospitalization coverage Medicare supplement.
(1) Employees who retire after May 11, 1993, and who are immediately eligible for retirement benefits shall be provided single subscriber health and hospitalization coverage.
(a) Non-Medicare eligible retirees shall receive the same health coverage options as active employees if available to retirees, with a benchmark and the increase in the benchmark as set forth in Article 34, HOSPITALIZATION- MEDICAL COVERAGE. Increases in premium costs which exceed the benchmark will be shared 50/50 by the EMPLOYER and the retiree on a monthly basis.
(2) Retirees can pay for their spouse’s or dependent’s coverage under the conditions established by the County.
(3) Medicare eligible retirees will be offered enrollment in a Medicare supplement plan and must accept and pay for Part B coverage. Medicare eligible retirees will have the choice of the following plans:
Retiree Health Care. 1. Employees in this bargaining unit who retire through PERS may enroll in a PERS health plan or any Commission offered alternate medical plan, as provided under the Public Employees' Medical & Hospital Care Program and PERS regulations.
a. For the remainder of 2007, the Commission will provide monthly contributions for retirees not to exceed the actual cost of the plan selected:
(1) Retiree only: $357 per month
(2) Retiree plus one: $407 per month
(3) Retiree plus two or more: $463 per month
b. For calendar year 2008, the RTC will provide the following monthly medical contributions for retirees, not to exceed the actual cost of the plan selected:
(1) Retiree only: $407 per month
(2) Retiree plus one: $507 per month
(3) Retiree plus two or more: $563 per month
c. For calendar year 2009, the RTC will provide the following monthly medical contributions fro retirees, not to exceed the actual cost of the plan selected:
(1) Retiree only: $457 per month
(2) Retiree plus one: $507 per month
(3) Retiree plus two or more: $563 per month
d. For calendar year 2010, the RTC will provide the following monthly medical contributions fro retirees, not to exceed the actual cost of the plan selected:
(1) Retiree only: $507 per month
(2) Retiree plus one: $557 per month
(3) Retiree plus two or more: $613 per month
2. Nothing in this agreement guarantees continued medical insurance coverage upon or after the expiration of this agreement and the underlying Memorandum of Understanding for retirees, their dependents, or their survivors. The Commission reserves the right to make modifications to retiree medical coverage, including termination of coverage, upon or after the termination of this Memorandum of Understanding.
Retiree Health Care. 1. An employee who retires at the age of 55 shall receive the same health care benefits as full-time employees mentioned herein. For employees who retire after January 1, 2006, the employee’s spouse and dependents at the time of retirement, or in the event of the death of a spouse, a spouse to whom the employee marries in the first eighty- four (84) months immediately following the employees official retirement date, premiums shall be paid, pursuant to the plan set forth in this Article, or as that plan is amended by this or any subsequent contract, provided the employee meets the following conditions:
a. Has at least 20 years of service of seniority with the Township Fire Department
b. Is age 55 or older, and
c. Is eligible to retire pursuant to the applicable pension plan referred to in this Agreement
2. Employees who were retired prior to the ratification of this Agreement shall have their full health care insurance premiums paid by the Township.
3. Employees who retire on or after February 1, 2016 shall pay any amount of the annual premium over the established hard-cap, for provided health insurance, regardless of the plan, up to a maximum of two-hundred fifty dollars ($250.00) per month.
4. In lieu of retiree health insurance provided in paragraphs B1 and 2 above, the Township will contribute an amount equal to 3% of the base wages of all employees hired after January 1, 2016 which shall be deposited into an account for use by the employee for medical purposes allowed under the Township’s Health Care Savings Program (HCSP), subject to the vesting schedule below, upon separation from employment with the Township.
a. Employees may contribute into the account as permitted by the Township’s HCSP. The tax consequences of such contributions shall be consistent with IRS regulations. 100% of the employees’ contributions are available for medical purposes allowed under the HCSP upon separation from employment.
b. Employer contributions shall vest according to the following schedule: Following 4 years of service: 50% Following 7 years of service: 75% Following 10 years of service: 100%
c. Any employer contributions not vested upon separation from employment shall remain in the HCSP sub-trust to be used to offset future Township contributions.
d. Notwithstanding the above, an employee and his spouse who are eligible for health insurance at the time of retirement shall receive the same health insurance coverage as full-time employees and their spouses receive in ...