Retiree Health Coverage. Health coverage following the termination of employment shall be made available to the extent required under, and in accordance with, Minnesota Statutes Section 471.61, subd. 2b. The District makes no contribution towards the premium cost of such coverage.
Retiree Health Coverage. Fire Series employees who retire on or after February 1, 2006 will pay 70% of the monthly contribution rate for medical coverage for themselves and for their eligible spouse; and the City will contribute 30% of said costs, for so long as timely and continuous monthly premium payments are made by or on behalf of the eligible retiree and/or by their eligible spouse. Medical plan benefit coverage for retirees and eligible spouses will be effective until they reach the age of 65. The monthly costs shall be 102% of the established insurance premium contribution rates, and such rates are subject to change. (Resolution 16-2006 and Resolution 116- 2002) Rates will be reviewed annually by the City beginning in April of each year and adjusted on the first day of July each year, or as soon thereafter as possible, according to the actuarially established contribution rates, and consistent with the percentage rates outlined above. (Resolution 16-2006) For current retiree health rates, please contact the Human Resources office or review the Employee Pay and Benefit Plan. Retired employees are eligible to purchase the City’s Employee Medical, Dental and/or Vision Plan benefits for themselves and their spouse, provided the spouse was covered under each of the Benefits Plan proposed to be purchased for not less than thirty (30) days immediately prior to the employee’s retirement date (Resolution 85-97)
Retiree Health Coverage. 4.4.1 Effective upon the earliest of (A) the occurrence of a Change of Control (as defined in Section 8.1.1) while Executive is serving as an executive officer of the Company, (B) the occurrence of a Corporate Transaction (as defined in Section 8.1.2) while Executive is serving as an executive officer of the Company, or (C) the first date on which Executive (i) is at least sixty-two (62) years old and (ii) has served as an executive officer of the Company for ten (10) consecutive years (and is then serving as such), and notwithstanding anything contained herein to the contrary, the Executive and his spouse on the date of his subsequent termination of employment (his “Spouse”) shall each be entitled to the retiree health care coverage described herein for the remainder of his or her life following the termination of the Executive’s employment for any reason. The retiree health care coverage to be provided by the Company to the Executive and his Spouse until they become entitled to Medicare coverage shall be comparable to the health care coverage provided by the Company to the Executive and his Spouse immediately prior to the termination of the Executive’s employment. Once the Executive or his Spouse becomes covered by Medicare, the Company shall provide retiree health care coverage that, together with such Medicare coverage, is comparable to the coverage that the Company provided to him or her immediately prior to the Executive’s termination of employment.
4.4.2 The Executive and his Spouse shall, following his termination of employment with the Company, elect to continue health care coverage in accordance with the provisions of Section 4980B of the Code and Section 10116.5 of the California Insurance Code (“COBRA”). For the period of such COBRA coverage, the retiree health care coverage for the Executive and his Spouse shall be provided under the Company’s group health plan. Following the expiration of the applicable period of COBRA coverage, such retiree health care coverage shall continue to be provided under one or more of the Company’s group health care plans; provided, however, that to the extent such group health care coverage is not available, the retiree health coverage for the Executive and his Spouse shall be provided through health insurance policy or policies acquired by the Executive and/or his Spouse that provides the required level of health care coverage hereunder, until each of them attains age sixty-five (65) and thereafter through insura...
Retiree Health Coverage. The City will establish an Internal Revenue Code Section 401(a) plan for the purpose of paying the benefit provided in this Section. The City shall pay to the retiree or their surviving spouse an amount equivalent to the two- party active Kaiser monthly medical insurance premium until the death of both. (See Exhibit Letter from Kaiser dated September 14, 2001 attached to this Agreement for illustrative and convenience purposes.) The maximum amount the City shall pay to the retiree or their surviving spouse is based on the following schedule: 10 years of Service City to pay an amount equal to 25% of the 2-party Kaiser plan rate 15 years of Service City to pay an amount equal to 50% of the 2-party Kaiser plan rate 20 years of Service City to pay an amount equal to 75% of the 2-party Kaiser plan rate 25 Years of Service City to pay an amount equal to 100% of the 2-party Kaiser plan rate
Retiree Health Coverage. 1. For all employees hired before January 1, 2009, and who have attained a cumulative total completed years of service (excluding extra help service and provisional) with El Dorado County as specified below, shall be entitled to the percentage monthly contribution of the "employee only" medical coverage rate (strictly health and not to include dental or vision) at retirement toward a County-Sponsored Health Plan as follows: Level 3 20 years plus 67% Level 2 15 - 19 years 50% Level 1 12 - 14 years 33% Part-time employment (excluding extra help and provisional) shall be treated in accordance with the Retiree Health Benefits Contribution Plan Document. County contributions for all bargaining units under this program shall not exceed 1.2% of total County payroll costs during any given fiscal year pursuant to the provisions of the Retiree Health Benefits Contribution Plan Document. The retiree health contribution rates will be calculated annually on a calendar year basis effective January 1 of each calendar year. The OE3 Trust Health Plan shall be treated as if it were an Alternate County-sponsored Health Plan for purpose of County contributions specified in the Retiree Health Benefits Contribution Plan Document and the provisions of this Section.
2. Pursuant to the Letter of Agreement dated September 1, 2015, County contribution toward retiree health was discontinued for bargaining unit members hired on or after January 1, 2009; however, members hired into an allocated position (excluding extra help and provisional) on or after January 1, 2009, may continue to participate, at their own cost, in the County-sponsored retiree health plan options provided they meet the criteria specified in the plan.
Retiree Health Coverage. A Teacher exercising the option of participating in the Annuity Plan of Article IV., F. or hired in the 2000-2001 school year or later shall not be entitled to any benefits under this Article IV., E. A retired Eligible Teacher enrolled in the School Corporation’s standard hospitalization insurance plan during the school year immediately preceding retirement, may continue to be enrolled in the hospitalization plan until the Eligible Teacher’s sixty- fifth (65th) birthday, but such participant shall be responsible for the payment of the entire insurance premiums applicable to the Eligible Teacher’s insurance coverage. It will be the responsibility of the participant to pay such insurance premiums in the manner designated by the Superintendent. An Eligible Teacher who retires during or after the 1997-1998 school year and is enrolled, immediately prior to retirement, in the School Corporation’s Health Insurance plan and continues to be enrolled until the Eligible Teacher’s 60th birthday anniversary shall be entitled to thereafter receive Seven Hundred Fifty Dollars ($750.00), to be paid toward the School Corporation’s Health Insurance Plan, for five (5) years or until the Eligible Teacher qualifies for Medicare, whichever occurs first.
Retiree Health Coverage. First Merchants shall take such action as may be necessary so that immediately following the Effective Date, the retirees of Citizens and the Subsidiaries and dependents listed in Section 5.12(m) of the Citizens Disclosure Letter shall be eligible for medical and prescription drug coverage under the health plans of First Merchants. Such retirees shall be responsible for the entire cost of such coverage.
Retiree Health Coverage. Executive shall be eligible to elect retiree health coverage under Envestnet’s health plan pursuant to the terms of the plan. Executive will be solely responsible for the cost of such coverage.
Retiree Health Coverage. Employees represented by the Union who retire from the California Public Employees’ Retirement System (CalPERS) within 120 days of leaving their position with the District are eligible, as determined by XxxXXXX, to continue in the District’s retiree group health insurance program, offered through the Public Employees’ Medical and Hospital Care Act (PEMHCA). The District will contribute the Minimum Contribution (MEC) as required by the PEMHCA per month per retiree to be used solely toward medical premiums. For 2017 the MEC is $128.00. Effective January 1, 2018, the MEC will be $133.00 per month, with future adjustments as determined by CalPERS from time to time. The District shall provide additional stipends toward the cost of medical premiums, to an employee who retires from the District as described in this section, and who qualifies for and exercises their right through CalPERS to receive the District’s retiree group health insurance. The additional stipend shall be paid to the retiree through a Retiree Healthcare Reimbursement Account Trust Retiree HRA Trust) to be established by the District.
1. Current Classic Employees Current Classic employees who were members of CalPERS prior to January 1, 2013 and employed by the District prior to the effective date of this MOU: The District contribution to the PEMHCA minimum employer contribution combined with the Retiree HRA Trust shall be capped at 85% of the current 2017 health insurance rate. In no event shall the District’s total contribution to the Retiree HRA Trust exceed the amount descried in this section. The District’s maximum contributions towards a retiree’s Retiree HRA Trust account shall not be subject to change and shall continue for the lifetime of the retiree and the retiree’s spouse, in accordance with the PEMHCA eligibility provisions for coverage. The amounts below include the PEMHCA minimum employer contribution, which for calendar year 2017 is $128.00. The District’s contribution to the Retiree HRA Trust shall be up to the difference between the amounts below minus the PEMHCA minimum employer contribution. The District contribution shall be up to the following amounts: Retiree only/surviving spouse: Up to $662.00 Retiree plus 1 dependent: Up to $1,324.00 Retiree plus 2+ dependents: Up to $1,720.00 The District’s contribution to a retiree’s Retiree HRA Trust account will decrease if the retiree experiences a change in family status, i.e., a spouse passes away, thereby reducing coverage to su...
Retiree Health Coverage. Hire date before July 2, 2012: The City of Xxx Arbor shall provide to all bargaining unit members hired before July 2, 2012, who retire, (including their spouse and dependents as long as the retiree remains the subscriber), the retiree health care insurance benefits and coverage level under the health insurance plan as received by the bargaining unit member as of the date of retirement, unless otherwise provided herein. This benefit provision may also apply to surviving spouses and eligible dependent children (as defined in the health care plan) of deceased retirees, and dependent on the pension option chosen by the employee at the time of retirement.
