Common use of Retiree Medical Insurance Clause in Contracts

Retiree Medical Insurance. ‌ (a) For officers retiring prior to January 1, 2012, the District will provide medical insurance for any officer who has ten (10) years of service with the District and who retires after reaching age fifty-five (55) under the provisions of the Public Employees Retirement System from the time the officer retires until the officer reaches age sixty-five (65) and provided the officer remains fully retired. With respect to officers retiring on or after January 1, 2012, the District will contribute toward the medical insurance premium the single-only rate specified under Article 13, Section 1 for any officer who has ten (10) years of service with the District and who retires after reaching age fifty-five (55) under the provisions of the CalPERS from the time the officer retires, provided (1) the officer remains fully retired under PERS, and (2) any difference in the amount between the District contribution for medical insurance and the selected medical plan premium cost shall be pre-paid by the retiree. The District will also make available to such a retiree medical insurance for eligible dependents with the cost of such coverage to be borne by the retiree, subject to the terms of the insurance policy. (b) Effective January 1, 1994, and annually thereafter if an officer chooses to retire between the ages of fifty (50) and prior to the employee’s fifty-fifth (55) birthday, the District shall offer to the retiree a one-time opportunity at the time of retirement to participate in the CalPERS medical plan until the retiree turns age sixty-five (65) as noted in subsection (a). The

Retiree Medical Insurance. ‌ (a) For officers retiring prior to January 1, 2012, the District will provide medical insurance for any officer who has ten (10) years of service with the District and who retires after reaching age fifty-five (55) under the provisions of the Public Employees Retirement System from the time the officer retires until the officer reaches age sixty-five (65) and provided the officer remains fully retired. With respect to officers retiring on or after January 1, 2012, the District will contribute toward the medical insurance premium the single-only rate specified under Article 13, Section 1 for any officer who has ten (10) years of service with the District and who retires after reaching age fifty-five (55) under the provisions of the CalPERS from the time the officer retires, provided (1) the officer remains fully retired under PERS, and (2) any difference in the amount between the District contribution for medical insurance and the selected medical plan premium cost shall be pre-paid by the retiree. The District will also make available to such a retiree medical insurance for eligible dependents with the cost of such coverage to be borne by the retiree, subject to the terms of the insurance policy. (b) Effective January 1, 1994, and annually thereafter if an officer chooses to retire between the ages of fifty (50) and prior to the employee’s fifty-fifth (55) birthday, the District shall offer to the retiree a one-time opportunity at the time of retirement to participate in the CalPERS medical plan until the retiree turns age sixty-five (65) as noted in subsection (a). TheThe District shall contribute the minimum CalPERS premium payment (currently $112 per month) for an eligible retiree who elects to participate. At age sixty-five (65), the retiree shall be responsible for the cost of the medical coverage equal to the difference between the District’s minimum CalPERS premium payment (currently $112 per month) and the total cost of the selected medical plan. Note: If in the future the District receives medical insurance from other than CalPERS, then the District shall continue to pay the amount equivalent to the minimum CalPERS premium payment, but to a different medical insurance carrier other than CalPERS.