Retiree Medical Benefit. A. The parties agree to reopen this agreement if at any time during the life of the agreement the County either refuses to continue to administer the retiree medical benefit for the Court or prices the retiree medical benefit in such a way as to not be cost effective to continue with the County administered retiree medical insurance. The Court agrees to provide promptly to OCEA information relevant to bargaining unit members that may reasonably impact whether the County will discontinue to provide the retiree medical benefit or price the benefit so that it is not competitive.
B. The parties agree to reopen this agreement if at any time during the life of the agreement the County provides written agreement to implement a revision to or replacement of the current Retiree Medical Benefit. In that event, the parties shall endeavor to revise or replace the current Retiree Medical Benefit within the same or substantially similar terms as the County benefit.
Retiree Medical Benefit. Immediately following the Closing, HoldCo or one or more of its affiliates shall have in effect a retiree medical plan or plans (as applicable, the "HoldCo Retiree Medical Plan") that shall provide benefits to Transferred Maleic Business Employees who immediately prior to the Closing are salaried or non-union hourly employees that are the same as those offered by MAP to its employees, subject to MAP's right to amend or modify its retiree medical plan in the ordinary course of business in accordance with the reservation of rights provisions of such plan. HoldCo shall grant such Transferred Maleic Business Employees credit for service prior to the Closing with Ashland and its affiliates for purposes of determining eligibility to receive retiree medical subsidies and for purposes of determining level of benefits and benefit accruals under the HoldCo Retiree Medical Plan to the same extent that such service is recognized for purposes of eligibility to participate and vesting under the Ashland Pension Plan as of the Closing Date.
Retiree Medical Benefit. Any employee with a minimum of twenty (20) years of service with the City who retires and qualifies for retirement benefits under Nevada Public Employees Retirement System (PERS) will be entitled to the following benefit:
1. The City will pay sixty percent (60%) of the health insurance premiums (medical, dental, vision, Rx, life) under the City’s group health insurance plan for the retired employee and employee’s spouse at the time of retirement and so long as married to the retiree. However, this benefit cannot be combined with any employer subsidy under Nevada Law.
2. When the retired employee reaches the eligibility age for Medicare benefits, the City agrees to pay fifty (50%) of the health insurance premiums only for the retired employee. The retired employees’ benefit will continue until the retired employee’s death.
3. Spousal survivor benefits: In the event of the retiree’s death, the covered spouse’s benefit shall continue until the spouse’s death, remarriage or the date the retiree would have reached the age of Medicare eligibility, whichever occurs first.
4. Sick leave conversion benefits pursuant to Section 4 Article C, may be applied toward the remaining portion of the monthly health insurance premium so long as there is a balance of accumulated sick leave conversion funds.
5. Any employee who retires under PERS may continue group health insurance for that portion not covered under Paragraph 4 by paying in advance the monthly health insurance premium amount calculated for employee/dependent(s) to the City.
Retiree Medical Benefit. Executive shall be eligible to participate in the Elected Officer Retiree Medical Program on the same terms and conditions as other elected officers of similar status.
Retiree Medical Benefit. Within the City's Flexible Benefit Plan monthly contribution amounts, $335 is considered to be the City’s contribution toward the CalPERS Health Insurance Program for medical insurance and shall be reported to CalPERS as such. This $335 shall be the City’s contribution toward retiree medical insurance coverage. There is no opt out value for retiree medical coverage. The parties intend that the entitlement to receive a retiree medical benefit of $335 per month is a vested benefit for all employees hired by the City on or before June 30, 2017. The inclusion of this vesting language is to comply with the Supreme Court’s decision in M&G Polymers v. Thacket, 000 X.Xx. 000 (2015), requiring that the intent to vest a benefit be explicitly set forth. Employees hired by the City after June 30, 2017 and placed into this Association, shall, upon retirement from the City receive the CalPERS Public Employees’ Medical and Hospital Care Program (PEMHCA) minimum (as determined by CalPERS on an annual basis), not to exceed the actual cost of the plan selected. (PEMHCA minimum is $136 for calendar year 2019). While participating in the CalPERS Health Plans during the term of this Agreement, should CalPERS or legislative acts redefine the designated contributions for retirees to include Flexible Benefit Plan contributions, the parties will meet and confer on an alternative method of funding active employee benefits.
Retiree Medical Benefit. Employees who retire from City service under the provisions of the California Public Employees Retirement System may continue receiving health insurance under the City's Health Insurance Plans if they so elect. If there are any payments due to the City under this Section, such payments must be received by the Finance Department no later than the 10th of the month for the month so covered.
(a) Retiree Medical Benefits for employees hired prior to July 1, 2012 with less than or equal to three years of service with the City of Sausalito Current employees who have been members of the California Public Employees Retirement System through June 30, 2012, and who have less than or equal to three (3) years of service with the City of Sausalito will be entitled to an annual contribution of $1,000 to their designated 457 Deferred Compensation Plan in lieu of relinquishing their prior Retiree Medical Benefit under preceding MOUs. Such contribution will on June 30 of the ensuing fiscal year following the completion of that full year of service. There will be no proration of this contribution in lieu of Retiree Medical Benefit for employees who sever service prior to June 30 of each fiscal year.
(b) Retiree Medical Benefits for employees hired prior to July 1, 2012 with greater than three years of service with the City of Sausalito Current employees who have been members of the California Public Employees Retirement System through June 30, 2012, and who have more than three (3) years of service with the City of Sausalito; and then, through the City of Sausalito work for a total of twenty (20) or more years, and who are of the age of fifty-five (55) years or more upon retirement, shall continue to have the cost of Kaiser, employee-only monthly health insurance premium provided by the City and paid in full by the City until death. Should the retiree select a more expensive plan, the retiree shall pay the difference. However, the retired employee shall be required to pay one hundred percent (100%) of the cost for his/her spouse and eligible dependent children if he/she desires to continue them on the policy. The spouse and eligible dependent children may continue on the policy after the death of the employee, providing the spouse pays for such continuance. All retiree medical benefits will be coordinated with Medicare and Medicaid to achieve the greatest cost savings to the City with no diminishment in the quality of medical service provided to the retiree and with no incr...
Retiree Medical Benefit. Unit members who retire from the City and qualify as “annuitants” under PEMHCA are enrolled by CalPERS in the applicable group health plan as a retiree. As required by applicable law, annuitants must enroll in Medicare at age 65 or as soon as they become eligible. The City will pay (1) the PEMHCA minimum contribution for annuitants, and (2) twenty-five (25%) percent or $100 per month (whichever is less) for reimbursement of the medical insurance premium for employees retiring from the City who qualify as annuitants and who have been employed with the Xxxxxxx Police Department since before July 1, 2019, subject to proof of premium payment by annuitants. The City payment of the additional benefit beyond the PEMHCA minimum contribution shall be discontinued when the employee becomes eligible for Medicare coverage or after ten (10) years, whichever is sooner.
Retiree Medical Benefit. The following describes the retiree medical insurance benefit that will be provided by the City.
Retiree Medical Benefit. As allowed by PERS Medical Plans, retirees of the City will be eligible for a City contribution towards monthly medical premiums up to the PERS Minimum Monthly benefit, provided that the retiree:
A) Has completed seven (7) years of service if beginning active employment on or before October 31, 2019, or fifteen (15) years of service if beginning active employment on or after November 1, 2019 with the City. A year of service is defined as one thousand (1,000) hours worked within an anniversary year in a regular position either part-time (twenty or more hours per week) or full time; and
B) Has reached the age of 55 if beginning active employment on or before October 31, 2019, or age 60 if beginning active employment on or after November 1, 2019; and
C) Is no longer employed by the City of Orinda; and
D) Was actively enrolled in the City’s health insurance program at the time their City employment ended; and
E) Elects to continue active enrollment in the City’s health insurance program upon leaving City employment; The retiree is responsible for making timely payment to the City for monthly premium amounts which exceed the PERS Minimum.
Retiree Medical Benefit. Any employee with a minimum of twenty (20) years of service with the City who retires and qualifies for retirement benefits under Nevada Public Employees Retirement System (PERS) will be entitled to the following benefit:
1. The City will pay sixty percent (60%) of the group health insurance plan cost (health, vision, dental and life) under the City‟s Group Health Insurance Plan for the retired employee and employee‟s spouse at the time of retirement so long as the spouse is married to the retiree. However, this benefit cannot be combined with any other employer subsidy required under Nevada law.
2. When the retired employee reaches the eligibility age for Medicare benefits, the City agrees to pay fifty percent (50%) of the health insurance premiums (health, vision, dental and life) only for the retired employee. The retired employees‟ benefit will continue until the retired employee‟s death.
3. Spousal survivor benefits: In the event of the retiree‟s death, the covered spouse‟s benefit shall continue until the spouse‟s death, remarriage or the date the retiree would have reached the age of Medicare eligibility, whichever occurs first.
4. Sick leave conversion benefits pursuant to Section 4 Article C (11) may be applied toward the remaining portion of the monthly health insurance premium so long as there is a balance of accumulated sick leave conversion funds. Any employee who retires under the Nevada Public Retirement System (PERS) may continue group health insurance for that portion not covered under Paragraph 4 by paying the monthly premium amount calculated for employee/dependent(s) to the City.
