Retiree Medical Benefit for Employees Retiring Between the Ages of 50 and 55. An employee who is at least 50 years of age, but less than 55, and has at least eight years of XxxXXXX qualifying employment with the Authority will retain eligibility for the retiree medical benefits provided in subsection 28.2 when the employee reaches age 55 if the employee is enrolled in a group health plan coverage from the date of his/her termination from Authority employment until the employee’s 55th birthday. If for any reason the employee has a lapse in health care coverage the employee forfeits his/her eligibility for the retiree health plan benefits upon reaching age 55 and the Authority has no further obligation to provide any benefits under this section to the employee and/or his spouse or domestic partner. For eligible retirees between the ages of 55 and 65 who retire on or after June 29, 2008 the amount the Authority contributes toward payment of the health care premium cost for the Retiree Health Premium Assistance Plan will increase by $50 per month in addition to the 4.5% that occurs on July 1 as provided in Section 28.2. Effective July 1, 2009, the amount the City contributes toward payment of the health care premium cost for the Retiree Health Premium Assistance Plan will increase by an additional $25 per month (i.e., an aggregate $75 per month increase) in addition to the 4.5% that occurs on July 1 as provided in Section 28.2. Effective July 1, 2011, the amount the Authority contributes toward payment of the health care premium cost for the Retiree Health Premium Assistance Plan will increase by an additional $25 per month (i.e., an aggregate $100 per month increase) in addition to the 4.5% that occurs on July 1 as provided in Section 28.2.
Retiree Medical Benefit for Employees Retiring Between the Ages of 50 and 55. An employee who is at least 50 years of age, but less than 55, and has at least eight years of CalPERS qualifying employment with the City will retain eligibility for the retiree medical benefits provided in subsection 25.2 (Pre Age 65 Retiree Health Insurance) when the employee reaches age 55 if the employee is enrolled in a group health plan coverage from the date of his or her termination from City employment until the employee’s 55th birthday. If for any reason the employee has a lapse in group health care coverage the employee forfeits his or her eligibility for the retiree health plan benefits upon reaching age 55 and the City has no further obligation to provide any benefits under this section to the employee and/or his spouse or domestic partner.
