Common use of Retiree Health Insurance Clause in Contracts

Retiree Health Insurance. A. All retired members of the bargaining unit who have not reached Medicare eligibility age (65) may participate in the group health care plan or plans 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 cost of such coverage subject to any rate increases which may occur from time to time. Such payments will be made by the retiree to the plan provider or administrator, with no additional obligation on the part of the City. B. Any new employee hired after September 1, 2008 who subsequently retires prior to reaching Medicare eligibility age (age 65) may participate in the group health care plan or plans for active City employees, provided that such employee pays 100% of the premium rate as actuarially determined for those employees in this group.

Retiree Health Insurance. A. All retired members of the bargaining unit who have not reached Medicare eligibility age (65) may participate in the group health care plan or plans 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 cost of such coverage subject to any rate increases which may occur from time to time. Such payments will be made by the retiree to the plan provider or administrator, with no additional obligation on the part of the City. B. Any new employee hired after September 1, 2008 who subsequently retires prior to reaching Medicare eligibility age (age 65) may participate in the group health care plan or plans for active City employees, provided that such employee pays 100% of the premium rate as actuarially determined for those employees in this group.