Common use of Retiree Medical Insurance Grant Clause in Contracts

Retiree Medical Insurance Grant. 1. Effective August 1, 1993, and as amended herein, the County implemented a Retiree Medical Insurance Plan (Plan) for employees who have retired from County service and who meet the eligibility requirements set forth in this Section 5. 2. As set forth pursuant to the September 2006 reopener between the parties, the County will: (a) fund the cost of the Retiree Medical Insurance Plan; and (b) establish a trust to administer the Retiree Medical Insurance Plan. 3. Upon paid County retirement, an eligible retiree shall receive a Plan 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. For eligible retirees the Grant shall be an amount based on ten (10) dollars per month for each full year of 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 in County health plan premiums no later than the effective dates of such increases, not to exceed five (5) percent per year. Effective on January 1, 2008, the maximum Grant adjustment will be limited to three (3) percent per year. In no case shall the Grant exceed the actual cost of the health insurance and/or Medicare premiums. b. For eligible employees retiring after September 12, 2006, the Grant will be adjusted as follows: The Grant will be reduced by seven and one-half percent (7-1/2%) per year for each year of age the employee is less than age 60, based upon the employee’s age on his or her retirement date. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement will be deemed the retirement date. The Grant will be increased by seven and one-half percent (7-1/2%) per year for each year of age the employee is greater than age 60, based upon the employee’s retirement date. 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 will be deemed the retirement date. 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. For retirees and surviving dependents who have attained age 64 on or prior to September 12, 2006, the 50% reduction in the Grant will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B; however, the reduction will be no sooner than September 12, 2007. For eligible employees retiring after September 12, 2006, the 50% reduction will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B. This provision does not apply to a retiree or surviving dependent eligible for the Grant who has attained age 65 on or prior to September 12, 2006 and is eligible for both Medicare Part A (without paying a premium) and Medicare Part B. c. All current employees who become eligible for a Grant shall be provided a one time opportunity of at least thirty (30) days to enroll in a County offered health plan. 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 right to a Grant and enrollment in a County offered health plan.

Retiree Medical Insurance Grant. 1. Effective August 1, 1993, and as amended herein, the County implemented a. The Authority shall administer a Retiree Medical Insurance Plan (Plan) Grant plan, which will also be referred to herein as a "defined benefit plan" for employees who have retired or terminated from County Authority service and who meet the eligibility requirements set forth in paragraph DE.2, of this Section 5Section. 2. As set forth pursuant to the September 2006 reopener between the parties, the County will: (a) fund the cost of the Retiree Medical Insurance Plan; and (b) establish a trust to administer the Retiree Medical Insurance Plan. 3. b. Upon paid County Authority retirement, an eligible retiree who has enrolled in a “qualified health plan” (as defined in the Plan) or in Medicare as stated in the Plan and required by the "qualified health plan," shall receive a Retiree Medical Insurance Grant. c. An eligible former employee who terminated from Authority service prior to retirement, who is fifty-five (55) years of age or older and who is enrolled in a recognized health plan or Medicare as stated in the Plan Grant (and required by the "recognized health plan," shall receive a Retiree Medical Insurance Grant). . d. The Retiree Medical Insurance Grant may be applied only towards the cost of retiree and dependent coverage in a County-offered “qualified health insurance plan”, as reimbursement for a portion of the cost of eligible former employee and dependent coverage in a recognized health plan and/or Medicare premiums as provided belowin Sections DE.1.d.i, DE.1.d.ii, and DE.1.d.iii of this Section. a. For eligible retirees i. Effective January 1, 202218, the Retiree Medical Insurance Grant shall be an amount based on ten twenty six dollars and six cents (10$26.06) thirty dollars and fifty-nine cents ($30.59) per month for each full year of service in an Eligible Classification up to a maximum of twenty-six hundred fifty one dollars and fifty cents ($651.50) seven hundred sixty four dollars and seventy five cents (25$764.75) yearsper month. In On January 1 of each fiscal year, calendar year the amount of such Retiree Medical Insurance Grant shall be adjusted by the average percentage increase in County Authority health plan premiums no later than the effective dates of such increasesincrease, not to exceed five percent (5%) percent per year. Effective on January 1, 2008, the maximum Grant adjustment will be limited to three (3) percent per year. In no case shall the Retiree Medical Insurance Grant exceed the actual cost of the health insurance and/or Medicare premiums. b. For eligible employees retiring after September 12, 2006, the Grant will be adjusted as follows: The Grant will be reduced by seven and one-half percent (7-1/2%) per year for each year of age the employee is less than age 60, based upon the employee’s age on his or her retirement dateii. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement will be deemed the retirement date. The Grant will be increased by seven and one-half percent (7-1/2%) per year for each year of age the employee is greater than age 60, based upon the employee’s retirement date. 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 will be deemed the retirement date. 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. For retirees and surviving dependents who have attained age 64 on or prior to September 12, 2006, the 50% reduction in the Grant will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B; however, the reduction will be no sooner than September 12, 2007. For eligible employees retiring after September 12, 2006, the 50% reduction will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B. This provision does not apply to a retiree or surviving dependent eligible for the Grant who has attained age 65 on or prior to September 12, 2006 and is eligible for both Medicare Part A (without paying a premium) and Medicare Part B. c. All current employees who retire from the Authority and become eligible for a Retiree Medical Insurance Grant shall be provided a one (1) time opportunity of at least thirty (30) days to enroll in a County offered an Authority “qualified health plan,” and shall have ninety (90) days after attaining age sixty-five (65) to enroll in Medicare. Should a retiree fail to enroll in either a “qualified health plan” or Medicare during the aforementioned thirty (30) day period periods or should he or he/she they terminate coverage or fail to make necessary payments, the retiree and dependents shall forfeit any right to a Retiree Medical Insurance Grant. iii. All former employees who did not retire from the Authority and who are eligible for a Retiree Medical Insurance Grant shall not receive the Grant until such employees reach age fifty-five (55) and request the Authority to commence distribution of the Grant no later than ninety (90) days from the former employee’s fifty-fifth (55th) birthday. Upon such request, the eligible former employees must show proof of enrollment in a County offered recognized health plan. A reimbursement for a portion of the cost of premiums will be provided to the eligible former employees in accordance with the Retiree Medical Plan provisions. The eligible former employees will be required to provide the Authority with a copy of the premium bill and cancelled check or other recognized proof of payment for reimbursement.

Retiree Medical Insurance Grant. 1. Effective August 1, 1993, and as amended herein, the County implemented a. The Authority shall administer a Retiree Medical Insurance Plan (Plan) Grant plan, which will also be referred to herein as a "defined benefit plan" for employees who have retired or terminated from County Authority service and who meet the eligibility requirements set forth in paragraph E.2, of this Section 5Section. 2. As set forth pursuant to the September 2006 reopener between the parties, the County will: (a) fund the cost of the Retiree Medical Insurance Plan; and (b) establish a trust to administer the Retiree Medical Insurance Plan. 3. b. Upon paid County Authority retirement, an eligible retiree who has enrolled in a “qualified health plan” (as defined in the Plan) or in Medicare as stated in the Plan and required by the "qualified health plan," shall receive a Retiree Medical Insurance Grant. c. An eligible former employee who terminated from Authority service prior to retirement, who is fifty-five (55) years of age or older and who is enrolled in a recognized health plan or Medicare as stated in the Plan Grant (and required by the "recognized health plan," shall receive a Retiree Medical Insurance Grant). . d. The Retiree Medical Insurance Grant may be applied only towards the cost of retiree and dependent coverage in a County-offered “qualified health insurance plan”, as reimbursement for a portion of the cost of eligible former employee and dependent coverage in a recognized health plan and/or Medicare premiums as provided belowin Sections E.1.d.i, E.1.d.ii, and E.1.d.iii of this Section. a. For eligible retirees i. Effective January 1, 2018, the Retiree Medical Insurance Grant shall be an amount based on ten twenty six dollars and six cents (10$26.06) dollars per month for each full year of service in an Eligible Classification up to a maximum of twenty-five six hundred fifty one dollars and fifty cents (25$651.50) yearsper month. In On January 1 of each fiscal year, calendar year the amount of such Retiree Medical Insurance Grant shall be adjusted by the average percentage increase in County Authority health plan premiums no later than the effective dates of such increasesincrease, not to exceed five percent (5%) percent per year. Effective on January 1, 2008, the maximum Grant adjustment will be limited to three (3) percent per year. In no case shall the Retiree Medical Insurance Grant exceed the actual cost of the health insurance and/or Medicare premiums. b. For eligible employees retiring after September 12, 2006, the Grant will be adjusted as follows: The Grant will be reduced by seven and one-half percent (7-1/2%) per year for each year of age the employee is less than age 60, based upon the employee’s age on his or her retirement dateii. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement will be deemed the retirement date. The Grant will be increased by seven and one-half percent (7-1/2%) per year for each year of age the employee is greater than age 60, based upon the employee’s retirement date. 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 will be deemed the retirement date. 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. For retirees and surviving dependents who have attained age 64 on or prior to September 12, 2006, the 50% reduction in the Grant will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B; however, the reduction will be no sooner than September 12, 2007. For eligible employees retiring after September 12, 2006, the 50% reduction will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B. This provision does not apply to a retiree or surviving dependent eligible for the Grant who has attained age 65 on or prior to September 12, 2006 and is eligible for both Medicare Part A (without paying a premium) and Medicare Part B. c. All current employees who retire from the Authority and become eligible for a Retiree Medical Insurance Grant shall be provided a one (1) time opportunity of at least thirty (30) days to enroll in a County offered an Authority “qualified health plan,” and shall have ninety (90) days after attaining age sixty-five (65) to enroll in Medicare. Should a retiree fail to enroll in either a “qualified health plan” or Medicare during the aforementioned thirty (30) day period periods or should he or he/she terminate coverage or fail to make necessary payments, the retiree and dependents shall forfeit any right to a Retiree Medical Insurance Grant. iii. All former employees who did not retire from the Authority and who are eligible for a Retiree Medical Insurance Grant shall not receive the Grant until such employees reach age fifty-five (55) and request the Authority to commence distribution of the Grant no later than ninety (90) days from the former employee’s fifty-fifth (55th) birthday. Upon such request, the eligible former employees must show proof of enrollment in a County offered recognized health plan. A reimbursement for a portion of the cost of premiums will be provided to the eligible former employees in accordance with the Retiree Medical Plan provisions. The eligible former employees will be required to provide the Authority with a copy of the premium bill and cancelled check or other recognized proof of payment for reimbursement.

Retiree Medical Insurance Grant. 1. Effective August 1, 1993, and as amended herein, the County implemented a. The Authority shall administer a Retiree Medical Insurance Plan (Plan) Grant plan, which will also be referred to herein as a "defined benefit plan" for employees who have retired or terminated from County Authority service and who meet the eligibility requirements set forth in paragraph D.2, of this Section 5Section. 2. As set forth pursuant to the September 2006 reopener between the parties, the County will: (a) fund the cost of the Retiree Medical Insurance Plan; and (b) establish a trust to administer the Retiree Medical Insurance Plan. 3. b. Upon paid County Authority retirement, an eligible retiree who has enrolled in a “qualified health plan” (as defined in the Plan) or in Medicare as stated in the Plan and required by the "qualified health plan," shall receive a Retiree Medical Insurance Grant. c. An eligible former employee who terminated from Authority service prior to retirement, who is fifty-five (55) years of age or older and who is enrolled in a recognized health plan or Medicare as stated in the Plan Grant (and required by the "recognized health plan," shall receive a Retiree Medical Insurance Grant). . d. The Retiree Medical Insurance Grant may be applied only towards the cost of retiree and dependent coverage in a County-offered “qualified health insurance plan”, as reimbursement for a portion of the cost of eligible former employee and dependent coverage in a recognized health plan and/or Medicare premiums as provided belowin Sections D.1.d.i, D.1.d.ii, and D.1.d.iii of this Section. a. For eligible retirees i. Effective January 1, 20232, the Retiree Medical Insurance Grant shall be an amount based on ten thirty one dollars and seventy-sevenfifty-nine cents (10$31.7730.59) dollars per month for each full year of service in an Eligible Classification up to a maximum of twenty-seven hundred ninetysixty four dollars and twenty seventy five cents (25$794.2564.75) yearsper month. In On January 1 of each fiscal year, calendar year the amount of such Retiree Medical Insurance Grant shall be adjusted by the average percentage increase in County Authority health plan premiums no later than the effective dates of such increasesincrease, not to exceed five percent (5%) percent per year. Effective on January 1, 2008, the maximum Grant adjustment will be limited to three (3) percent per year. In no case shall the Retiree Medical Insurance Grant exceed the actual cost of the health insurance and/or Medicare premiums. b. For eligible employees retiring after September 12, 2006, the Grant will be adjusted as follows: The Grant will be reduced by seven and one-half percent (7-1/2%) per year for each year of age the employee is less than age 60, based upon the employee’s age on his or her retirement dateii. For the purpose of deferred retirement, the date on which the deferred retiree takes active retirement will be deemed the retirement date. The Grant will be increased by seven and one-half percent (7-1/2%) per year for each year of age the employee is greater than age 60, based upon the employee’s retirement date. 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 will be deemed the retirement date. 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. For retirees and surviving dependents who have attained age 64 on or prior to September 12, 2006, the 50% reduction in the Grant will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B; however, the reduction will be no sooner than September 12, 2007. For eligible employees retiring after September 12, 2006, the 50% reduction will occur the first day of the month the retiree becomes eligible for both Medicare Part A (without paying a premium) and Medicare Part B. This provision does not apply to a retiree or surviving dependent eligible for the Grant who has attained age 65 on or prior to September 12, 2006 and is eligible for both Medicare Part A (without paying a premium) and Medicare Part B. c. All current employees who retire from the Authority and become eligible for a Retiree Medical Insurance Grant shall be provided a one (1) time opportunity of at least thirty (30) days to enroll in a County offered an Authority “qualified health plan,” and shall have ninety (90) days after attaining age sixty-five (65) to enroll in Medicare. Should a retiree fail to enroll in either a “qualified health plan” or Medicare during the aforementioned thirty (30) day period periods or should he or she they terminate coverage or fail to make necessary payments, the retiree and dependents shall forfeit any right to a Retiree Medical Insurance Grant. iii. All former employees who did not retire from the Authority and who are eligible for a Retiree Medical Insurance Grant shall not receive the Grant until such employees reach age fifty-five (55) and request the Authority to commence distribution of the Grant no later than ninety (90) days from the former employee’s fifty-fifth (55th) birthday. Upon such request, the eligible former employees must show proof of enrollment in a County offered recognized health plan. A reimbursement for a portion of the cost of premiums will be provided to the eligible former employees in accordance with the Retiree Medical Plan provisions. The eligible former employees will be required to provide the Authority with a copy of the premium bill and cancelled check or other recognized proof of payment for reimbursement.