Retiree Insurance. Full-time employees who retire must meet the following conditions at the time of retirement in order to be eligible for the Employer contributions, listed in Sections 10.13 through 10.17 below, toward a health insurance plan offered by the Employer:
Retiree Insurance. Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.
Retiree Insurance. Teachers who submit their Irrevocable Notice of Retirement shall not have the option of continuing coverage on the District 87 group insurance programs. They will only have the option of participating in the State of Illinois Teachers’ Retirement Insurance Program (TRIP)/Teachers’ Choice Health Plan (THCP) instead of participating in the Glenbard Township High School District #87 Group Insurance Program. For retirees who elect to participate in TRIP/TCHP Insurance the Board of Education shall pay the full cost of the TRIP/TCHP Insurance program for the retired teacher and half of the cost of the same program for the eligible dependents of the retired teacher until the individual becomes eligible for Medicare.
Retiree Insurance. Employees who retire from Xxxxxx County under provisions of the Public Employment Retirement Act may participate at their option under the health and welfare insurance plans for retired Xxxxxx County employees. There is no County contribution to dental insurance premiums. County contribution for medical insurance is as follows:
Retiree Insurance. At the option of the employee, group insurance can be continued past retirement. The following must be met: The retiree must be 50 years or older, or on disability pension. The retiree shall be responsible for paying the entire premium. The retiree shall pay three (3) months in advance, at the first of each quarter to the City. Those employees on Fire Pension may have the cost deducted from their pension checks. All employees will contribute a portion of their annual salary to the Retirement Health Savings Plan according to the following tables: FF / Paramedic 0 – 11 years of service 0.5% 12 – 19 years of service 1.5% 20 + years of service 3.0% Final accumulated leave check 100% Lieutenant 0 – 11 years of service 0.5% 12 – 19 years of service 1.5% 20 + years of service 2.5% Final accumulated leave check 100%
Retiree Insurance. Retiree insurance will not be available for employees appointed to the position of Captain and Lieutenant after the effective date of this Agreement unless they were previously eligible for the City’s retiree insurance benefit. Captains and Lieutenants eligible for the City’s retiree insurance benefit who retire shall be eligible for the same group hospital/medical insurance coverage as is provided for active employees.
1. The City will pay for coverage, at the same percentage for the cost of premiums at retirement, on behalf of the retired employee during any five (5) consecutive year period following the date of retirement, up to age 65, as is paid for current employees. At each annual open enrollment, the employee shall elect whether or not to commence this benefit. Once commencement of the five (5) consecutive year period, during which the City will pay the cost of premiums has begun, this benefit election can not be changed. The retired employee shall pay for coverage for eligible dependents (Family Coverage) at the same rate as current employees pay for such coverage.
2. The City will pay for coverage on behalf of the retired employee at the rate of 50% of the cost of the premium during the year following the five years designated by the employee pursuant to paragraph 1 above. Premiums will be paid at 50% of what is being paid for eligible dependents at the time of this 6th year.
3. The retired employee, if electing to continue coverage, may pay the entire cost for coverage under the group plan (self and dependents), for any period of time following the date of retirement during which the City is not paying the premiums pursuant to paragraphs 1 or 2 above. On the first of the month in which a retired employee turns 65, the employee may be eligible for Medicare. Failure to make insurance payments to the City will terminate a retired employee's right to continue in the group plan. To qualify for this benefit, an employee must be eligible to receive a PERA annuity at the date of that employee's retirement. However, it will be the former employee's obligation to inform the City that the employee wishes to exercise this option. The City will not pay any retroactive premiums. All retirees who receive an annuity under a retirement program may elect to purchase at their expense individual and dependent hospital, medical, and dental coverage equivalent to that of active employees pursuant to Minn. statute 471.61 subd. 2.
Retiree Insurance. 8.7.1 Unit members employed by the Trinity Alps Unified School District on or after July 1, 2008 and who retire from employment with the District may continue the same insurance offered to active unit members except when prohibited by the insurance carrier (such as in the case of life insurance), provided the retired unit member pays, in advance to the District, all premiums due for such insurance at least twenty (20) business days prior to their due date. If the unit member fails to make timely payment to the District on any two occasions within any 24 months then such insurance may be terminated at the option of the District upon 30 calendar days’ notice to the unit member. Such continued coverage shall be provided only upon the approval of the insurance broker or carrier and then only in accordance with the rules and regulations of said insurance broker or carrier.
8.7.2 Unit members employed by the Weaverville Elementary School District or the Trinity Union High School District prior to July 1, 2008 and who retire from employment from the District under the Public Employees Retirement System (PERS) are eligible to receive the retiree insurance benefits provided by the appropriate Collective Bargaining Agreement in effect as of June 30, 2008.
8.7.3 The retiree benefits for unit members who were employed by Weaverville Elementary School at the time of unification (July 1, 2008) and retire on or after July 1, 2012 will be the same as those listed for Trinity Union High School classified unit members and will be effective on the date this agreement is ratified by both parties (April 26, 2012). Upon ratification Appendix “E” has been re-titled as “Trinity Alps Unified School District Retiree Insurance Benefits”.
8.7.4 In the event the District and Association obtain insurance for unit members through another insurance carrier or broker, then the retired unit member may or may not be able to continue such insurance coverage depending upon the rules and regulations of the new insurance carrier or broker.
Retiree Insurance. An eligible employee retiring on or after age 55 will be provided the option to continue the medical-hospitalization, vision insurance, life insurance and dental plans by paying the premiums to the School District for 11 years.
Retiree Insurance a. The City shall continue to provide retiree insurance as set out by the City of Noblesville’s Retiree’s Benefit Ordinance or its amendments.
Retiree Insurance. The Company will make available to retiring employees age 65 or older who retire after May 6, 2002, a Medicare Supplement, which will be completely employee paid. This plan provides that Medicare is primary and Blue Cross and Blue Shield is secondary.
