Common use of Retiree Health Insurance Clause in Contracts

Retiree Health Insurance. In accordance with Xxxxxxxxxx County Resolution No. 17-163, the following changes to the retiree group insurance cost sharing formula shall be implemented for all bargaining unit members hired after July 1, 2011: (a) Each employee hired or rehired as a permanent employee on or after July 1, 2011, including any employee awarded a nonservice connected disability, and who is a member of a County retirement plan must have at least 10 years of County service to be eligible for group insurance continuation when the employee leaves County service. All other eligibility criteria remain the same as applied before that date. (b) The cost-sharing formula for each employee hired or rehired as a permanent employee on or after July 1, 2011, for medical, dental, discount vision, standard option prescription, basic life, dependent life insurance ($2,000/$1,000/$100 tier), is: (1) 50% County/SO% retiree for each retiree with 10 years of eligibility under the group insurance plan as an active employee; (2) 70% County/30% retiree for each retiree with 25 or more years of eligibility under the group insurance plan as an active employee; and (3) for each year between 10 and 25 years that the employee is eligible under the group insurance plan as an active employee, the County's share must increase 1.33 percentage points to the maximum County share of 70%. If an employee retires on a service-connected disability under the Employees' Retirement System and the employee does not have 10 years of eligibility under the group insurance plan, for group insurance eligibility and cost-sharing purposes the employee must be treated as having 10 years of County service.

Retiree Health Insurance. In accordance with Xxxxxxxxxx Montgomery County Resolution No. 17-163, the following changes to the retiree group insurance cost sharing formula shall be implemented for all bargaining unit members hired after July 1, 2011: (a) Each employee hired or rehired as a permanent employee on or after July 1, 2011, including any employee awarded a nonservice connected disability, and who is a member of a County retirement plan must have at least 10 years of County service to be eligible for group insurance continuation when the employee leaves County service. All other eligibility criteria remain the same as applied before that date. (b) The cost-sharing formula for each employee hired or rehired as a permanent employee on or after July 1, 2011, for medical, dental, discount vision, standard option prescription, basic life, dependent life insurance ($2,000/$1,000/$100 tier), is: (1) 50% County/SO% retiree for each retiree with 10 years of eligibility under the group insurance plan as an active employee; (2) 70% County/30% retiree for each retiree with 25 or more years of eligibility under the group insurance plan as an active employee; and (3) for each year between 10 and 25 years that the employee is eligible under the group insurance plan as an active employee, the County's share must increase 1.33 percentage points to the maximum County share of 70%. If an employee retires on a service-connected disability under the Employees' Retirement System and the employee does not have 10 years of eligibility under the group insurance plan, for group insurance eligibility and cost-sharing purposes the employee must be treated as having 10 years of County service.

Retiree Health Insurance. In accordance with Xxxxxxxxxx County Council Resolution No. 17-163, the following changes to the retiree group insurance cost sharing formula shall be implemented for all bargaining unit members member hired after July 1, 2011: (a) Each employee hired or rehired as a permanent employee on or after July 1, 2011, including any employee awarded a nonservice non-service connected disability, and who is a member of a County retirement plan must have at least 10 years of County service to be eligible for group insurance continuation when the employee leaves County service. All other eligibility criteria remain the same as applied before that date. (b) The cost-sharing formula for each employee hired or rehired as a permanent employee on or after July 1, 2011, for medical, dental, discount vision, standard option prescription, basic life, and dependent life insurance ($2,000/$1,000/$100 tier), isinsurance($2,000/$1,000/$100 tier),is: (1) 50% County/SO% County/50% retiree for each retiree with 10 years of eligibility under the group insurance plan as an active employee; (2) 70% County/30% retiree for each retiree with 25 or more years of eligibility under the group insurance plan as an active employee; and (3) for each year between 10 and 25 years that the employee is eligible under the group insurance plan as an active employee, the County's share must increase 1.33 percentage points to the maximum County share of 70%. If an employee retires on a service-connected disability under the Employees' Retirement System and the employee does not have 10 years of eligibility under the group insurance plan, for group insurance eligibility and cost-sharing purposes the employee must be treated as having 10 years of County service.

Retiree Health Insurance. In accordance with Xxxxxxxxxx County Resolution No. 17-163, the following changes to the retiree group insurance cost sharing formula shall be implemented for all bargaining unit members hired after July 1, 2011: (a) Each employee hired or rehired as a permanent employee on or after July 1, 2011, including any employee awarded a nonservice non- service connected disability, and who is a member of a County retirement plan must have at least 10 years of County service to be eligible for group insurance continuation when the employee leaves County service. All other eligibility criteria remain the same as applied before that date. (b) The cost-sharing formula for each employee hired or rehired as a permanent employee on or after July 1, 2011, for medical, dental, discount vision, standard option prescription, basic life, dependent life insurance ($2,000/$1,000/$100 tier), is: (1) 50% County/SO% County/50% retiree for each retiree with 10 years of eligibility under the group insurance plan as an active employee; (2) 70% County/30% retiree for each retiree with 25 or more years of eligibility under the group insurance plan as an active employee; and (3) for each year between 10 and 25 years that the employee is eligible under the group insurance plan as an active employee, the County's ’s share must increase 1.33 percentage points to the maximum County share of 70%. If an employee retires on a service-connected disability under the Employees' ’ Retirement System and the employee does not have 10 years of eligibility under the group insurance plan, for group insurance eligibility and cost-sharing purposes the employee must be treated as having 10 years of County service.