Retiree Health Insurance Benefit. (a) Effective September 30, 2002, for employees of the EOCs represented by Local 384, DC37 who retire on or after September 30, 2002 and meet the eligibility requirements for retiree health insurance set forth in Article XI, Section 2 (c) below, an annual per capita contribution equal to the individual HIP/HMO rate applicable in the New York City Health Insurance Program will be made to provide a retiree health insurance benefit. The benefit will be partially contributory by the individual. The amount of the individual’s contribution shall depend upon the available funding provided in this agreement. The parties will meet to negotiate the specifics regarding the implementation of this provision, provided that the cost to the Educational Opportunity Centers will not be greater than the cost of providing the benefit at the individual HIP/HMO rate applicable in the New York City Health Insurance Program. The employer costs of this benefit will be part of the contract between SUNY and CUNY that funds the operation of the EOCs.
(b) Effective September 30, 2002, the eligible employees of the EOCs represented by Local 384, DC37 listed in Attachment “A” of the Memorandum of Agreement who retired on or after January 1, 1996, but before September 30, 2002 and meet the eligibility requirements for retiree health insurance set forth in Article XI, Section 2 (c) below, an annual per capita contribution equal to the individual HIP/HMO rate applicable in the New York City Health Insurance Program will be made to provide a retiree health insurance benefit up to an absolute maximum annual contribution of $51,000 on behalf of these individuals. The benefit will be partially contributory by the individual. The amount of the individual’s contribution shall depend upon the available funding provided herein. The parties will meet to negotiate the specifics regarding the implementation of this provision, provided that the cost to the Educational Opportunity Centers will not be greater than the cost of providing the benefit at the individual HIP/HMO rate applicable in the New York City Health Insurance Program. The employer costs of this benefit will be part of the contract between SUNY and CUNY that funds the operation of the EOCs.
(c) The parties recognize that the contributions specified in Article XI, Section 2 (a) and (b) above represent the entire amount that will be contributed to provide these benefits and that such benefits are subject to the eligibility requirements sta...
Retiree Health Insurance Benefit. 1. Any employee retiring after July 1, 2006 from the City under PERS, after 25 or more years of City service, is eligible for the following retiree health insurance benefit. It is not a requirement that an employee participate in CalPERS health plans to receive this benefit.
a. $250.00 per month, not including the statutory administrative fee for PERS coverage. To receive this benefit a retiree must provide annual evidence of health insurance coverage to the Human Resources Representative.
2. Such benefit will cease upon the retiree receiving group medical insurance coverage from another employer if employed by such employer or receiving coverage through Medicare. If a retiree covered under another employer’s group medical insurance loses such coverage, this benefit will start or restart until the retiree is otherwise ineligible.
Retiree Health Insurance Benefit. 1. Any employee hired prior to January 1, 2016 retiring from the City under PERS, after twenty-five (25) or more years of City service, is eligible for the following retiree health insurance benefit:
a. The City will pay the statutory administrative fee for PERS coverage.
b. The City will pay 50% of the cost for medical insurance for the employee or employee plus 1. Amount will be equal to lowest cost available PERS insurance plan for Nevada County regardless of the plan selected by the employee of the medical plans offered by the City through PERS.
2. To receive this benefit a retiree must provide annual evidence of health insurance coverage to the Human Resources Department.
3. Such benefit will cease upon the retiree receiving group medical insurance coverage from another employer or receiving coverage through Medicare. If a retiree covered under another employer’s group medical insurance loses such coverage, this benefit will start or restart until the retiree is otherwise ineligible.
Retiree Health Insurance Benefit. (1) Employees hired prior to January 1, 2016 and retiring from the City under PERS, after twenty- five (25) or more years of City service, are eligible for the following retiree health insurance benefit:
(a) Three Hundred Dollars ($300.00) per month, not including the statutory administrative fee for PERS coverage.
(2) For employees ineligible for the retiree health insurance benefit above that elect to participate in the health insurance plan as a retiree the City will pay the statutory administrative fee for PERS coverage.
Retiree Health Insurance Benefit. 1. Any employee retiring from the City under PERS, after twenty-five (25) or more years of City service, is eligible for the following retiree health insurance benefit. To receive this benefit a retiree must provide ongoing evidence of health insurance coverage.
I. An employee retiring from the City after July 2, 2006 will receive two hundred fifty ($250.00) dollars per month, not including the statutory administrative fee for PERS coverage.
2. Such benefit will cease upon the retiree receiving group medical insurance coverage from another employer or receiving coverage through Medicare. If a retiree covered under another employer's group medical insurance loses such coverage, this benefit will start or restart until the retiree is otherwise ineligible.
Retiree Health Insurance Benefit.
1. Any employee retiring from the City under PERS, after twenty (20) or more years of City service, is eligible for the following retiree health insurance benefit. To receive this benefit a retiree must provide ongoing evidence of health insurance coverage.
I. An employee retiring from the City after twenty or more years will receive five hundred ($500.00 ) dollars per month, not including the statutory administrative fee for PERS coverage.
II. An employee retiring from the City with twenty five (25) years of service or more, and retiring prior to December 31, 2024, will receive seven hundred dollars ($700.00) per month.
2. The City will pay the statutory administrative fee for PERS coverage.
3. To receive this benefit a retiree must provide annual evidence of health insurance.
4. Such benefit will cease upon the retiree receiving group medical insurance coverage from another employer or receiving coverage through Medicare. If a retiree covered under another employer's group medical insurance loses such coverage, this benefit will start or restart until the retiree is otherwise ineligible.
Retiree Health Insurance Benefit. It is understood by the parties that the elimination as of December 31, 1992 of the longevity provisions contained in Article 10 of the 1991-1992 contract was agreed to in return for the Employer's agreement to administer and fund this retiree health insurance program, effective January 1, 1993. The longevity payments are as follows: Longevity pay of four dollars ($4.00) for each full month of employment will be paid each January for service concluded on the preceding December 31. A full month of employment shall refer to any month in which an employee receives pay from the County for at least nine (9) work days. An employee receiving Worker's Compensation payments for temporary-total or temporary-partial disability based on employment with the County will be considered as receiving pay from the County for the purposes of this Section. An employee on layoff or unpaid leave of absence exceeding thirty (30) continuous days shall receive a pro-rata amount of the total due under this provision based upon the number of months during the twelve (12) month period prior to the preceding December 31 that the employee received credit for a full month of employment. If an employee retires or resigns, the employeeTrust will receive a pro rata amount of the total amount due to the date of retirement or resignation based on the amount of time between the preceding December 31 and the date of retirement or resignation.
Retiree Health Insurance Benefit. 1. Any employee retiring from the City under PERS, after twenty-five (2025) or more years of City service, is eligible for the following retiree health insurance benefit. To receive this benefit a retiree must provide ongoing evidence of health insurance coverage.
I. An employee retiring from the City after July 2, 2006 twenty or more years will receive two five hundred fifty ($500.00 $250.00) dollars per month, not including the statutory administrative fee for PERS coverage.
II. An employee retiring from the City with twenty five (25) years of service or more, and retiring prior to December 31, 2024, will receive seven hundred dollars ($700.00) per month.
2. The City will pay the statutory administrative fee for PERS coverage.
3. To receive this benefit a retiree must provide annual evidence of health insurance.
Retiree Health Insurance Benefit a. Effective July 1, 2014, the District shall pay the following rates: employee alone, $427.00; employee with spouse, $745.00; and employee with family, $837.00. Effective July 1, 2015, the District shall pay the following rates: employee alone, $453; employee with spouse, $790; and employee with family, $887. Each year thereafter, the dollar amount shall be adjusted by actual State-funded COLA for each year. It is understood that there may be years where there’s a difference between the statutory COLA and the State-funded COLA. Both groups acknowledge that the difference between the statutory COLA and the State-funded COLA is the amount deficited. In years when the COLA is not fully funded (i.e. a deficit is applied), the district contribution will only increase by the actual State-funded COLA. In future years, if the State funds deficit restoration, the district contribution will increase by the actual State-funded COLA plus any deficit restoration. Deficit restoration only applies to statutory COLA’s and does not apply to equalization funding or GAP funding.
b. In addition to increasing retiree health benefits by 6% for ‘14/’15 and 6% for ‘15/’16 school years, retirees will receive a credit to be used on their health plans. The credit shall be 6% retroactive to July 1 of 2014 and 6% retro to July 1 of 2015. To be eligible for any payment provided for in “a,” above, the employee must meet one of the following conditions.
1. The employee must be age 55 or 56 upon the date of retirement and have served as a full-time certificated employee of the District the immediately preceding 20 full school years.
2. The employee must be age 57, 58, or 59 upon the date of retirement and have served as a full-time certificated employee of the District the immediately preceding 15 full school years.
3. The employee must be age 60, 61, 62, 63, or 64 upon the date of retirement and have served as a full-time certificated employee of the District the immediately preceding 10 full school years.
c. The period of years of prior service required under “b,” above, shall not be deemed broken by a Board-approved leave of absence without pay for health reasons.
Retiree Health Insurance Benefit. Employees eligible for retirement who have initiated monthly retirement benefits under the State Employees' Retirement System shall be eligible for health insurance coverage under the same program for retired employees of the City of Seattle. If the employee is eligible for retirement but does not begin monthly retirement benefits immediately upon termination of employment with the Authority, but does continue medical insurance through COBRA, that person may enroll in the retiree plan any time during COBRA, or within 30 days after the termination of COBRA coverage.
