Retiree Healthcare Subsidy Benefit i. All RN bargaining unit employees who retire on or after the effective date of this Agreement, shall be eligible for a subsidy of up to: $200.00/month ($225.00 for retirees on or after 10/1/2009 and $250.00 for retirees on or after 10/1/2010) to reimburse the retiree for the partial cost of any health insurance plan or policy covering such retiree (such as through COBRA continuation coverage, McLaren Greater Lansing health insurance after COBRA, a plan or policy through a spouse’s employer, or a private commercial insurer) provided that the retiree meets and maintains the following criteria:
1. Employee is at least 55 years of age at retirement and the employee’s age and years of continuous service on the date of retirement with McLaren Greater Lansing equal 80; and
2. Employee retires on or after the effective date of this Agreement with a pension benefit from any McLaren Greater Lansing Employee Retirement Plan; and
3. Employee is participating in an McLaren Greater Lansing sponsored health insurance plan on the date of retirement; and
4. Employee provides proof of payment of the health insurance described in paragraph (b)(i) above.
ii. Subsidy for post-retirement health insurance premiums will continue until one of the following events occurs:
1. Retiree fails to request the subsidy or provide proof of the payment under the employer established guidelines; or
2. Retiree becomes eligible for health insurance benefits or (any) subsidy through another employer of the retiree; or
3. Retiree has reached the 60th month of his or her retirement.
iii. If a retiree does not meet the criteria under 10.10, (b)(i) or loses eligibility under 10.10, (b)(ii), s/he is consider ineligible to receive the subsidy and cannot re-establish eligibility. The subsidy is only available for medical insurance (including hospitalization and prescription drug coverage) and cannot be used for dental or vision coverage.
iv. The monthly subsidy is equal to the lesser of the following: $200.00 ($225.00 for retirees on or after 10/1/2009 and $250.00 for retirees on or after 10/1/2010) or the cost of the healthcare premium paid.
x. XxXxxxx Greater Lansing and the Union reserves the right to modify, amend, increase or eliminate the benefit described in paragraph 10.10
Retiree Healthcare Subsidy Benefit. 1. All POST bargaining unit employees who retired on or before April 14, 2005, shall be eligible for a subsidy of up to a $200.00/month to reimburse the retiree for the partial cost of any health insurance plan or policy covering such retiree (such as through COBRA continuation coverage, IRMC health insurance after COBRA for employees hired on or before April 14, 2005 as stated in (b) above, a plan or policy through a spouse’s employer, or a private commercial insurer) provided that the retiree meets and maintains the following criteria:
a. Employee is at least 60 years of age with 20 years of continuous IRMC service on the date of retirement; and
b. Employee retires on or after the effective date of this Agreement with a pension benefit from any IRMC Employee Retirement Plan; and
c. Employee is participating in an IRMC sponsored health insurance plan on the date of retirement, and
d. Employee provides proof of payment of the health insurance described in paragraph (c)(i) above.
2. Subsidy for post-retirement health insurance premiums will continue until one of the following events occur:
a. Retiree fails to request the subsidy or provide proof of the payment under the employer established guidelines; or
b. Retiree becomes eligible for health insurance benefits or (any) subsidy through another employer of the retiree; or
c. Retiree becomes eligible for Medicare; or
d. Retiree has reached the 60 month of his or her retirement.
3. If a retiree does not meet the criteria under 11.10, (c)(i) or loses eligibility under 11.10, (c)(ii), s/he is consider ineligible to receive the subsidy and cannot re-establish eligibility. The subsidy is only available for medical insurance (including hospitalization and prescription drug coverage) and cannot be used for dental or vision coverage.
4. The monthly subsidy is equal to the lesser of the following: $200.00 or the cost of the healthcare premium paid.
5. IRMC and the Union reserves the right to modify, amend, increase or eliminate the benefit described in paragraph 11.10
Retiree Healthcare Subsidy Benefit i. All RN bargaining unit employees who retire on or after the effective date of this Agreement, shall be eligible for a subsidy of up to: $200.00/month ($225.00 for retirees on or after 10/1/2009 and $250.00 for retirees on or after 10/1/2010) to reimburse the retiree for the partial cost of any health insurance plan or policy covering such retiree (such as through COBRA continuation coverage, McLaren Greater Lansing health insurance after COBRA, a plan or policy through a spouse’s employer, or a private commercial insurer) provided that the retiree meets and maintains the following criteria:
1. Employee is at least 55 years of age at retirement and the employee’s age and years of continuous service on the date of retirement with McLaren Greater Lansing equal 80; and
2. Employee retires on or after the effective date of this Agreement with a pension benefit from any McLaren Greater Lansing Employee Retirement Plan; and
3. Employee is participating in an McLaren Greater Lansing sponsored health insurance plan on the date of retirement; and
4. Employee provides proof of payment of the health insurance described in paragraph (b)(i) above.
ii. Subsidy for post-retirement health insurance premiums will continue until one of the following events occurs:
1. Retiree fails to request the subsidy or provide proof of the payment under the employer established guidelines; or
2. Retiree becomes eligible for health insurance benefits or (any) subsidy through another employer of the retiree; or
3. Retiree has reached the 60th month of his or her retirement.
iii. If a retiree does not meet the criteria under 10.10, (b)(i) or loses eligibility under 10.10, (b)(ii), s/he is consider ineligible to receive the subsidy and cannot re- establish eligibility. The subsidy is only available for medical insurance (including hospitalization and prescription drug coverage) and cannot be used for dental or vision coverage.
iv. The monthly subsidy is equal to the lesser of the following: $200.00 ($225.00 for retirees on or after 10/1/2009 and $250.00 for retirees on or after 10/1/2010) or the cost of the healthcare premium paid.
x. XxXxxxx Greater Lansing and the Union reserves the right to modify, amend, increase or eliminate the benefit described in paragraph 10.10
