Retiree Medical Grant. 1. Effective August 1, 1993, and as amended by the Board of Supervisors, the County implemented a Retiree Medical Plan (“the Plan”) for employees who have retired from County service and who meet certain eligibility requirements of the Plan.
2. The County will: (a) fund the cost of the Plan; and (b) establish a trust to administer the Plan.
3. Upon paid County retirement, if eligible, a retiree shall receive a Retiree Medical Grant (Grant). The Grant may be applied only towards the cost of retiree and dependent coverage in a County-offered health insurance plan and/or Medicare premiums as provided below.
a. Upon implementation of the Plan, for eligible retirees the Grant shall be an amount based on ten (10) dollars per month for each full year of credited service in an Eligible Classification up to a maximum of twenty- five (25) years. In each fiscal year, the amount of such Grant shall be adjusted by the average percentage increase or decrease in County health plan premiums no later than the effective dates of such change, not to exceed three (3) percent per year. In no case shall the Grant exceed the actual cost of the health insurance and/or Medicare premiums.
b. The Grant will be adjusted as follows:
1) The Grant will be reduced by seven and one-half percent (7½%) per year for each year of age the employee is less than age 60, based upon the employee’s age on the date when the employee takes active retirement from OCERS. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement from OCERS will be deemed the retirement date.
2) The Grant will be increased by seven and one-half percent (7½%) per year for each year of age the employee is greater than age 60, based upon the employee’s age on the date when the employee takes active retirement from OCERS. For the purposes of the Grant increase, no years of age after age 70 will be considered. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement from OCERS will be deemed the retirement date.
3) Sections 5.A.2.b.1 and 5.A.2.b.2 shall not apply to Safety Classifications or Disability Retirements.
4) The Grant for all eligible retirees (including retirees on disability) and surviving dependents will be reduced by fifty percent (50%) the first day of the month the retiree or surviving dependent becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B or immediately, if the retiring employ...
Retiree Medical Grant. 1. Effective the pay period beginning on June 16, 2023, the Retiree Medical Grant benefits shall be frozen. Employees shall not accumulate additional service hours or credit toward eligibility for the Retiree Medical Grant as of June 16, 2023. Cost of living adjustments (COLAs) and age adjustments, other than the 50% grant reduction at age 65 for retirees eligible for Medicare, shall cease for employees retiring effective on or after June 16, 2023.
2. Effective August 1, 1993, and as amended by the Board of Supervisors, the County implemented a Retiree Medical Plan (“the Plan”) for employees who have retired from County service and who meet certain eligibility requirements of the Plan.
3. The County will: (a) fund the cost of the Plan; and (b) establish a trust to administer the Plan.
4. Upon paid County retirement, if eligible, a retiree shall receive a Retiree Medical Grant (Grant). The Grant may be applied only towards the cost of retiree and dependent coverage in a County-offered health insurance plan and/or Medicare premiums as provided below.
a. Upon implementation of the Plan, for eligible retirees the Grant shall be an amount based on ten (10) dollars per month for each full year of credited service in an Eligible Classification up to a maximum of twenty- five (25) years. In each fiscal year, the amount of such Grant shall be adjusted by the average percentage increase or decrease in County health plan premiums no later than the effective dates of such change, not to exceed three (3) percent per year. In no case shall the Grant exceed the actual cost of the health insurance and/or Medicare premiums. The adjustments to the Grant (COLAs) based on changes to health plan premiums as referenced in this section will cease to apply for eligible retirees who retire effective on or after June 16, 2023.
b. The Grant will be adjusted as follows:
1) The Grant will be reduced by seven and one-half percent (7½%) per year for each year of age the employee is less than age 60, based upon the employee’s age on the date when the employee takes active retirement from OCERS. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement from OCERS will be deemed the retirement date. This provision will cease to apply for eligible retirees retiring effective on or after June 16, 2023.
2) The Grant will be increased by seven and one-half percent (7½%) per year for each year of age the employee is greater than age 60, based upon th...
Retiree Medical Grant. 1. Upon paid County retirement, an eligible retiree who meets certain eligibility requirements of the Plan set forth in Section C below shall receive a Grant. The Grant may be applied only towards the cost of retiree and dependent coverage in an AOCDS or County-offered health insurance plan and/or Medicare Part B premiums as provided below.
a. Upon implementation for eligible retirees, the Grant shall be an amount based on ten (10) dollars per month for each full year of credited service to a maximum of twenty-five years. In each calendar year, the amount of such Grant shall be adjusted by the average percentage increase in County health plan premiums, not to exceed three (3) percent per year. In no case shall the Grant exceed the actual cost of the health insurance and/or Medicare premiums.
1. The accruals of years of service towards the Grant amount for employees were frozen as of October 12, 2007 (the beginning of the pay period of Board adoption).
b. The Grant will be adjusted as follows:
1. The Grant for all eligible retirees (including retirees on disability) and surviving dependents will be reduced by fifty percent (50%) the first day of the month the retiree or surviving dependent becomes eligible for Medicare Part A (if eligible at no cost) and Medicare Part B.
2. The Medicare reductions in provisions A.1.b.1 do not apply to a retiree or surviving dependent eligible for the Grant who was retired and was eligible for Medicare Part A (if eligible at no cost) and Medicare Part B on or before October 12, 2007.
c. All employees who become eligible for a Grant shall be provided a one (1) time opportunity of at least thirty (30) days to enroll in an AOCDS offered health plan or Medicare. Should a retiree fail to enroll during the aforementioned thirty (30) day period or should he or she terminate coverage or fail to make necessary payments, the retiree and dependents shall forfeit any eligibility for a Grant.
Retiree Medical Grant. 1. Effective August 1, 1993 and as amended by the Board of Supervisors, the County implemented a Retiree Medical Plan (“the Plan”) for employees who have retired from County service and who meet certain eligibility requirements of the Plan. The Plan does not create any vested rights to the benefits on the part of any employee, retiree, or any other person. Upon paid County retirement, an eligible retiree who meets certain eligibility requirements of the Plan shall receive a Grant. The Grant may be applied only towards the cost of retiree and dependent coverage in an AOCDS health insurance plan and/or Medicare Part B premiums as provided below.
a. Upon implementation for eligible retirees, the Grant shall be an amount based on ten (10) dollars per month for each full year of credited service to a maximum of twenty-five years. In each calendar year, the amount of such Grant shall be adjusted by the average percentage increase in County retiree health plan premiums, not to exceed three (3) percent per year. In no case shall the Grant exceed the actual cost of the health insurance and/or Medicare premiums.
1. The accruals of years of service towards the Grant amount for employees were frozen as of June 19, 2009 (the beginning of the pay period of Board adoption).
b. The Grant will be adjusted as follows:
1. The Grant for all eligible retirees (including retirees on disability) and surviving dependents will be reduced by fifty percent (50%) the first day of the month the retiree or surviving dependent becomes eligible for Medicare Part A without paying a premium) and Medicare Part B, or immediately if the retiring employee is eligible for Medicare Part A (without paying a premium) and Medicare Part B, as of the date of retirement.
2. The Medicare reductions in provisions A.1.b.1 do not apply to a retiree or surviving dependent eligible for the Grant who was retired and was eligible for Medicare Part A (if eligible at no cost) and Medicare Part B on or before September 26, 2006.
c. All employees who become eligible for a Grant shall be provided a one (1) time opportunity of at least thirty (30) days from the date they retire to enroll in an AOCDS offered health plan or Medicare. Should a retiree fail to enroll during the aforementioned thirty (30) day period or should he or she terminate coverage or fail to make necessary payments, the retiree and dependents shall forfeit any eligibility for a Grant, if eligible, and enrollment in a County offered retiree health...
Retiree Medical Grant. Effective August 1, 1993 and as amended by the Board of Supervisors, the County implemented a Retiree Medical Plan (“the Plan”) for employees who have retired from County service and who meet certain eligibility requirements of the Plan. The Plan does not create any vested rights to the benefits on the part of any employee, retiree, or any other person. Upon paid County retirement, an eligible retiree who meets certain eligibility requirements of the Plan shall receive a Grant. The Grant may be applied only towards the cost of retiree and dependent coverage in an AOCDS health insurance plan and/or Medicare Part B premiums as provided below.
Retiree Medical Grant. Effective the pay period beginning on June 16, 2023, the Retiree Medical Grant benefits shall be frozen. Employees shall not accumulate additional service hours or credit toward eligibility for the Retiree Medical Grant as of June 16, 2023. Cost of living adjustments (COLAs) and age adjustments,
Retiree Medical Grant. 20.1. Accurately determine eligibility, and calculate Retiree Medical Grant and Medicare Reimbursement for specific bargaining units according to established rules.
a. Load separate retiree health plan rates from active rates.
b. Program the calculation of grant amounts for each grant scenario according to County eligibility rules, currently noted below (but subject to future change). County will provide Retiree Medical service hours. Orange County Employee Retirement System (OCERS) will provide buyback hours with dates and type.
1) Maximum grant adjustment amount each year is between 3% and 5% depending on bargaining unit upon retirement.
2) Once retiree becomes Medicare eligible, reduce Grant by 50% (current retirees age 65 no reduction; current retirees age 64 or younger 50% reduction once Medicare A & B eligible (A, if at no cost) – but no sooner than one year from Board adoption date (dates vary by bargaining unit).
3) Employees retiring after Board adoption date (date varies by bargaining unit), 7.5% reduction to Grant for each year pre-60 years of age; 7.5% increase to Grant for each year worked after age 60 up to age 70.
4) The 7.5% adjustment does not apply to Safety positions.
5) The 7.5% reduction from age 60 does not apply to disability retirements. If employee is able to qualify for regular retirement and has an age adjustment for each year worked after age 60 up to age 70, the age adjustment will apply. If employee only qualifies via a disability retirement, no portion of the age adjustment will apply.
6) Program unique setup as it relates to disability retirements.
7) Survivors receive 50% reduction of Retiree’s Grant.
8) Employees hired before 8/1/1993 may be eligible for buyback. Buyback is determined via data provided by OCERS weekly feed.
9) Attorneys who retire on or after July 8, 2016 will not be eligible for the Retiree Medical Grant program.
10) Eligibility workers who retire on or after September 30, 2005 will not be eligible for the Retiree Medical Grant program.
11) Public Safety employees who retiree on or after January 4, 2019 and who receive a Grant from AOCDS will not be administered by Contractor.
c. Perform eligibility and elections for Participants with Retiree Health and Active Dental COBRA in an automated fashion and without manual intervention for processing. Contractor’s system should be able to manage the following mixed eligibility Retiree Survivor Health and Active Dental Dependent COBRA; and Retiree Health and Activ...
