Common use of Retiree Health Insurance Clause in Contracts

Retiree Health Insurance. 1. For purposes of this policy, health insurance does not include dental or vision care. 2. The Agency will continue the Public Employees’ Medical and Hospital Care Act (PEMHCA) insurance plan through the term of this agreement. 3. Following is a breakdown of benefits and eligibility based on Agency date of hire: For employees hired: Prior to January 1, 2010 Minimum required CalPERS service: 5 years Basis of premium formula: Agency active employee health insurance premium caps Amount paid by Agency: The Agency’s contribution amounts for 2016 are as follows: Employee Only coverage - $632.87 Employee Plus One coverage - $1,004.30 Employee Plus Family coverage - $1,167.70 The Agency’s contribution amount increases annually by 5% of the active employee health insurance premium cap or $100, whichever is less, until 100% of the active employee health insurance premium cap is reached. Visit The Splash or contact Administrative Services for specific annual contribution amounts. For employees hired: On or after January 1, 2010 Minimum required CalPERS service: 10 years Minimum required Agency service: 5 years Basis of premium formula: CalPERS health insurance premium cap Amount paid by Agency: Fixed percentage based on CalPERS Years of Service, starting at 50% at 10 years of CalPERS service and increasing by 5% for each additional year of CalPERS service until 100% of the CalPERS health insurance premium cap is paid, which equates to 20 years of CalPERS service. (To calculate employee-specific percentages, visit The Splash or contact Administrative Services.) 4. If a retiring employee opts to use unused accrued sick leave under provisions of Article 26 to pay the cost of retiree health insurance premiums, the Agency will pay the amount of the retiree health insurance premium cap directly to CalPERS and will pay directly to the employee any remaining monthly balance up to the current active employee health insurance premium cap.

Retiree Health Insurance. 1. For purposes of this policy, health insurance does not include dental or vision care. 2. The Agency will continue the Public Employees’ Medical and Hospital Care Act (PEMHCA) insurance plan through the term of this agreement. 3. Following is a breakdown of benefits and eligibility based on Agency date of hire: For employees hired: Prior to January 1, 2010 Minimum required CalPERS service: 5 years Minimum required Agency service: 5 years Basis of premium formula: Agency active employee health insurance premium caps Amount paid by Agency: The Agency’s contribution amounts for 2016 are as follows: Employee Only coverage - $632.87 Employee Plus One coverage - $1,004.30 Employee Plus Family coverage - $1,167.70 The Agency’s contribution amount increases annually by 5% of the active employee health insurance premium cap or $100, whichever is less, until 100% of the active employee health insurance premium cap is reached. Visit The Splash or contact Administrative Services for specific annual contribution amounts. For employees hired: On or after January 1, 2010 Minimum required CalPERS service: 10 years Minimum required Agency service: 5 years Basis of premium formula: CalPERS health insurance premium cap caps Amount paid by Agency: Fixed percentage based on CalPERS Years of Service, starting at 50% at 10 years of CalPERS service and increasing by 5% for each additional year of CalPERS service until 100% of the CalPERS health insurance premium cap is paid, which equates to 20 years of CalPERS service. (To calculate determine employee-specific percentagespercentage, visit The Splash or contact Administrative Services.) 4. If a retiring employee opts to use unused accrued sick leave under provisions of Article 26 to pay the cost of retiree health insurance premiums, the Agency will pay the amount of the retiree health insurance premium cap directly to CalPERS and will pay directly to the employee any remaining monthly balance up to the current active employee health insurance premium cap.