Retiree Health Care Insurance Sample Clauses

Retiree Health Care Insurance. Employees hired on or after January 1, 2007 shall not be eligible to participate in the Retiree Health Care Plan. For full-time employees hired prior to January 1, 2007, upon retirement, those employees who are not Medicare eligible will be eligible for the same health, dental and vision benefits under the same terms and conditions as the County provides for its active employees. At age 65, the retiree must enroll in Part B Medicare Program at his or her own expense. The Employer will thereafter pay the cost of Blue Cross and Blue Shield Master Medical Complimentary Coverage Option 1 or its equivalent coverage. The Employer shall also allow the retiree to include in its group coverage the retiree's spouse in accordance with the following provisions: The Employer shall pre-fund the retiree health care program by establishing a separate fund called the "Retiree Health Care Plan" that will be used for the purpose of paying retiree health care premiums. The Employer shall annually budget sufficient funds as a contribution to the "Retiree Health Care Plan" in accordance with GASB (Governmental Accounting Standards Board). Three percent (3%) of each employee's biweekly base pay shall be deducted from each employee's pay for deposit into the "Retiree Health Care Plan" to assist in the funding of future health care benefits for the retiree and their spouse. If the employee quits or leaves employment with the Employer for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the "Retiree Health Care Plan," along with accumulated interest thereon as determined by the Employer. A retiree's spouse who is covered by health care benefits from the spouses' employer shall not be allowed to participate in the Employer sponsored retiree health care program. A retiree and spouse shall be allowed to participate in the retiree health care plan benefit, provided they meet the following requirements:
Sample 1
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Retiree Health Care Insurance. The Township will provide retiree health care coverage for a member at the time of retirement under the following terms and conditions. For purposes of determining retiree health insurance vesting, (i.e., at least twenty-five years of service with the Township) paid on call time with Pittsfield Charter Township shall be included. Employees hired prior to December 31, 2007 To be eligible for retiree health care coverage for a member and his/her spouse at the time of retirement (provided he/she remains the spouse) the employee must have 25 or more years of service with the Township, 10 or more of which are after age 45, and be employed by Pittsfield Township prior to December 31, 2007. Retiree health care coverage shall mirror that of existing active employee health care benefits (e.g., retiree benefits change when active employee benefits change). When the eligible retiree or his/her spouse at the time of retirement reaches age sixty-five (65) (or the Medicare eligibility age, if higher), the retiree or spouse must apply for Medicare Coverage (Parts A and B) and pay the applicable premium(s). The retiree or spouse will then be enrolled in a supplemental plan with the Township. The Employer will pay the premium to provide said Township supplemental coverage for the eligible retiree and spouse. Premiums for any eligible dependents are the sole responsibility of the retiree. If the retiree wishes to include eligible dependents under the group plan coverage, premiums will be prorated and paid for quarterly, in advance, by the retiree to the Township. A spouse who survives a retired employee is entitled to receive the same benefits as herein provided. Employees hired after December 31, 2007 For employees hired after December 31, 2007, the Township shall only pay the cost of single subscriber coverage, up to $600 per month. The parties expressly acknowledge that it has been, and will continue to be, the intent of the parties that all active employees, upon retirement, and all current retirees (including covered spouses and dependents) will receive the retirement health benefits (which includes the level of coverage and respective employer-employee/retiree premium share, if any) provided for in the collective bargaining agreement in effect on the date of retirement of the active employee or current retiree. In the event active employees negotiate to eliminate active employee health insurance benefits, retirees will still be provided retiree health insurance at the...
Sample 1
Retiree Health Care Insurance. The Township will provide retiree health care coverage for a member at the time of retirement under the following terms and conditions. Employees hired prior to December 31, 2007 To be eligible for retiree health care coverage for a member and his/her spouse at the time of retirement (provided he/she remains the spouse) the employee must have 25 or more years of service with the Township, 10 or more of which are after age 45, and be employed by Pittsfield Township prior to December 31, 2007. Retiree health care coverage shall mirror that of existing active employee health care benefits (e.g., retiree benefits change when active employee benefits change). When the eligible retiree or his/her spouse at the time of retirement reaches age sixty-five
Sample 1

Related to Retiree Health Care Insurance

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • Vision Care Insurance The District agrees to provide vision care insurance for 39 eligible employees. The Medical Eye Services plan provides one (1) comprehensive 40 examination every twelve (12) consecutive months; two (2) pairs of lenses in any 41 twenty-four (24) consecutive months. Employee is responsible for paying a ten 42 dollar ($10) deductible per calendar year. Prior enrollment in the plan is required. 43

  • 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.

  • Retiree Insurance 12.1 Employees who retire must meet the following conditions at the time of retirement in order to be eligible for the Employer contributions, listed in Sections 12.2 through 12.5 below, toward a health insurance plan offered by the Employer:

  • 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.

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

  • Health Overcoming or managing one’s disease(s) as well as living in a physically and emotionally healthy way;

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