Retiree Healthcare. Employees in Tier 1, that are employed by the City at the time of retirement, will be eligible to elect to participate in the City’s blended healthcare rates during the term of this MOU.
Retiree Healthcare. 15.1 The City and Association agree that they must address a number of issues regarding the retiree healthcare benefit. For this reason, the retiree healthcare benefit is subject to the reopener in Subsection 4.1.3 of this Agreement, and the parties intend to continue negotiating and working together to address these issues. This provision reflects the current status of the retiree healthcare benefit pending an interim and/or long term resolution of the issues.
15.2 Eligibility for the retiree healthcare benefit is determined in accordance with the San Xxxx Municipal Code.
15.3 On April 21, 2009, the City started implementing a plan to transition to full pre-funding of the retiree healthcare benefit for unrepresented Executive Management employees (Unit 99). At the time, all of the member classifications currently in ALP were unrepresented and in Unit 99. ALP was formed as a bargaining unit after the City’s imposition of the full pre-funding plan. The full pre-funding plan that the City currently is implementing is set forth in Resolution No. 74882, entitled “A Resolution of the Council of the City of San Xxxx Approving Agreements Between the City of San Xxxx and Several Bargaining Units Regarding Retiree Healthcare Funding, and Implementing Retiree Healthcare Funding for Units 99 and 82,” and the April 7, 2009, Memorandum to the Mayor and City Council attached as Attachment A thereto.
15.4 The City and employees represented by the Association began to transition from the current partial pre-funding of retiree medical and dental healthcare benefits (referred to as the "policy method") to pre-funding of the full Annual Required Contribution (ARC) for the retiree healthcare plan ("Plan"). The transition began on June 28, 2009. The Plan’s initial unfunded retiree healthcare liability shall be fully amortized over a thirty year period so that it shall be paid by June 30, 2039 (closed amortization). Amortization of changes in the unfunded retiree healthcare liability other than the initial retiree healthcare liability (e.g. gains, losses, changes in actuarial assumptions, etc.) shall be determined by the Plan’s actuary. The City and Plan members (active employees) shall contribute to funding the ARC in the ratio currently provided under Section 3.28.385 of the San Xxxx Municipal Code. Specifically, contributions for retiree medical benefits shall be made by the City and members in the ratio of one-to-one. Contributions for retiree dental benefits shall be made ...
Retiree Healthcare. All employees hired after 3/11/2002 will be eligible for a healthcare spending account after attaining age 55 with at least 25 years of service.
Retiree Healthcare. The Town shall pay 75% of premium plus an amount equal to the Town’s HDHP deductible contribution of $1,000 for single and $2,000 for two person/family or 10% of premium whichever is greater.
Retiree Healthcare. The City shall continue to make health insurance available to retirees, at the retirees’ expense. The premium charged to retirees shall be no greater than the full amount of the premium (total amount of employer and employee contributions) charged for active employees at the same coverage levels.
Retiree Healthcare. The City will continue to offer a blended healthcare rate for employees hired in Tier 1 as defined in 2.13 above. The City will no longer provide for subsidized retiree health care rates by offering a blended healthcare rate for employees hired in CalPERS retirement Tier 2 or Tier 3 as defined in 2.13 above. WCE agrees to the elimination of blended healthcare rates for WCE-represented employees in Tier 1 at the earliest time all bargaining groups agree to elimination of the blended Healthcare rates. This date shall be no sooner than July 1, 2020.
Retiree Healthcare. Pursuant to section 513 of Pennsylvania School Code, retired employees are eligible to remain on the healthcare plan until age 65 or they become Medicare eligible at their own expense. Eligible retirees shall remain eligible for such coverage for as long as they would otherwise remain eligible for coverage under the terms, conditions, and requirements set forth in Section 5-513 of the Pennsylvania Public School Codem as that law is interpreted and amended from time to time. Coverage under this provision will not include dental insurance, vision insurance, life insurance, or any other coverage not specified below. Eligible retirees are not eligible to receive the HSA employer contributions specified in this Agreement as part of any elected retiree medical insurance coverage. All coverage will terminate upon the retiree’s ceasing to be eligible under the School Code, upon obtaining coverage under another plan, upon death of a retiree, or upon non-receipt of premiums owed within thirty (30) days of the due date.
Retiree Healthcare. Professional employees who retire as per PSERS guidelines for normal retirement will be permitted to purchase the Preferred Provider Healthcare Program (PPO) or the optional QHDHP plan, at their own expense, for the employee and/or his/her dependent. Eligible retirees shall remain eligible for such coverage for as long as they would otherwise remain eligible for coverage under the terms, conditions, and requirements set forth in Section 5-513 of the Pennsylvania Public School Codem as that law is interpreted and amended from time to time. Coverage under this provision will not include dental insurance, vision insurance, life insurance, or any other coverage not specified below. Eligible retirees are not eligible to receive the HSA employer contributions specified in this Agreement as part of any elected retiree medical insurance coverage. All coverage will terminate upon the retiree’s ceasing to be eligible under the School Code, upon obtaining coverage under another plan, upon death of a retiree, or upon non-receipt of premiums owed within thirty (30) days of the due date.
Retiree Healthcare. 2012 CITY OF SAN XXXX – ALP TENTATIVE AGREEMENT 1
Retiree Healthcare. 27.1 Effective June 28, 2009, the City and the Union began transitioning from the current partial pre-funding of retiree medical and dental healthcare benefits (referred to as the “policy method”) to pre-funding of the full Annual Required Contribution (ARC) for the retiree healthcare plan (“Plan”). The transition shall be accomplished by phasing into fully funding the ARC over a period of five (5) years beginning June 28, 2009. The Plan’s initial unfunded retiree healthcare liability shall be fully amortized over a thirty year period so that it shall be paid by June 30, 2039 (closed amortization). Amortization of changes in the unfunded retiree healthcare liability other than the initial retiree healthcare liability (e.g. gains, losses, changes in actuarial assumptions, etc.) shall be determined by the Plan’s actuary. The City and Plan members (active employees) shall contribute to funding the ARC in the ratio currently provided under Section 3.28.380 (C) (1) and (3) of the San Xxxx Municipal Code. Specifically, contributions for retiree medical benefits shall be made by the City and members in the ratio of one-to-one. Contributions for retiree dental benefits shall be made by the City and members in the ratio of eight-to-three. When determining the contribution rates for the Plan, the Plan actuary shall continue to use the Entry Age Normal (EAN) actuarial cost method and a discount rate consistent with the pre-funding policy for the Plan as outlined in this Article.
27.2 The Municipal Code and/or applicable plan documents shall be amended in accordance with the above.
27.3 The phase-in to the ARC shall be divided in five steps (using a straight line method), each to be effective on the first pay period of the City’s fiscal year in each succeeding year. The first increment of the phase-in shall be effective on June 28, 2009. It is understood that because of changes resulting from future actuarial valuations, the amount of each increase may vary upward or downward. The Plan member cash contribution rate shall not have an incremental increase of more than .75% of pensionable pay in each fiscal year and the City cash contribution rate shall not have an incremental increase of more than .75% of pensionable pay in each fiscal year. For example, if the members’ contribution rate is 4% of pensionable pay, the subsequent fiscal year’s contribution rate for retiree healthcare cannot exceed 4.75% of pensionable pay. Notwithstanding the limitations on the incrementa...
