RETIREES’ COVERAGE. The Employer shall provide medical coverage through insurance or a self- funded plan to individuals hired prior to November 1, 2014 and who are vested under the MERS plan by meeting age and service requirements, and for individuals who apply to MERS for disability retirement before separation, or within 30 calendar days of their separation from County employment and said application is subsequently approved by MERS. The insurance will become effective at the time the individual begins collecting his/her pension check from MERS. In addition, active retirees' dependents will be allowed to participate in the County's group health insurance program, but cost for coverage for any retiree's dependents shall be paid by the retiree. The eligible retiree will have the choice between the Healthcare Savings Account (HSA) plan, with no further employer contribution, or the High Deductible (HD) plan. Only employees employed in the Sheriff Command bargaining unit on October 1, 2018 and who retire under this agreement shall have the additional option of enrolling in what is currently referred to as the 2P health insurance plan. The parties agree that the medical coverage for eligible retirees is valid on a primary basis until the retiree is eligible for Medicare and on a supplemental basis, via a Medicare Advantage plan, thereafter; for the lifetime of the retiree. The County will pay for individual retiree's coverage based on the following schedule for all bargaining unit employees hired on or after January 1, 1994. Years of Continuous Service at Date of Retirement Percentage of Individual Retirees Coverage Paid by County 10 40 11 44 12 48 13 52 14 56 15 60 16 64 17 68 18 72 19 76 20 80 21 84 22 88 23 92 24 96 25 100 The County will pay for individual retiree’s coverage based on the following schedule for all bargaining unit employees hired on or after December 21, 2010 : Years of Continuous Service at Date of Retirement Percentage of Individual Retirees Coverage Paid by County 15 40 16 44 17 48 18 52 19 56 20 60 21 64 22 68 23 72 24 76 25 80 26 84 27 88 28 92 29 96 30 100 The cost of individual retiree cover age above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter the execution of the contract, the County shall provide a Voluntary Employee Benefit Association (VEBA) type plan, whereby the County would contribute 3% of gross wages. The Retiremen t Health Care Plan to be offered is Blue Cross Blue Shield 2 PR.
RETIREES’ COVERAGE a. Members of the bargaining unit who retire during the term of the Agreement and who have a combination of at least 20 years of full and part-time service at the Xxxxxxx Community College District shall be permitted to continue with the District’s health plan with premiums to be paid by the District, in an amount not to exceed the maximum District contribution for full-time teachers in each fiscal year of the Agreement. Each retiree must apply for Medicare and/or MediCal when he/she becomes eligible for such coverage and such coverage shall be the primary insurance. This section shall not be applicable to unit members hired on or June 30, 2014.
RETIREES’ COVERAGE. Employees who retire under the Michigan Public Schools Employees’ Retirement Act at the age of fifty-five (55) or thereafter, will have $3,000 of Group Life continued to age sixty-five (65) on his/her life (Accidental Death and Dismemberments will be discontinued) at no cost to the employee. The retiree may convert coverage to an individual policy at the retiree’s expense.
RETIREES’ COVERAGE. The City shall continue to pay the premiums for retired employees, their spouses and dependents in accordance with Section 1(E), “Spouse/Dependent Coverage” of this article and the following table; providing, however, in event of divorce or remarriage of the spouse, the City's obligation to pay the premiums for the spouse's insurance will cease. (Spouse of record is spouse at the time of retirement - hereinafter referred to as spouse.) Employees hired on or after November 14, 2011 are not eligible to participate in the City retiree health insurance plan. RETIREES HOSPITAL AND MEDICAL INSURANCE City Contribution Percent of Total Hired on or after 7/1/05 but before Hired on or after Status Cost after 7/l/88 11/14/2011 11/14/2011
RETIREES’ COVERAGE. (a) The District shall provide health insurance coverage during retirement years (either individual or family coverage prior to Medicare eligibility or a Medicare advantage plan once Medicare eligible) for an employee who retires from the employment of the District into the NYSLERS or TRS system if: (1) the employee has had at least ten (10) years of service, not necessarily continuous, with the District, or if the employee was hired after June 30, 2012, who retires from the employment of the District with at least fifteen (15) years of service; (2) if the employee is eligible for a pension from the New York State and Local Employees’ Retirement System (NYSLERS) or the New York State Teachers’ Retirement System (NYSTRS); and (3) if the employee was entitled to health insurance coverage paid for by the District during the employee’s years of employment. Such retired employees will be entitled to the same health insurance plan as that provided for the active employees. Effective July 1, 2005, retiring employees will pay the same monthly flat dollar contribution they paid in their final year of employment with the District while covered under the District’s health insurance plan. For employees who retire after July 1, 2006, a newly retired employee’s flat-dollar health insurance contribution shall be increased by the cost of living percentage adjustment issued by the NYSLERS each year. In the event that the cost for the premium is less than the flat-dollar amount, with the increase for the cost of living adjustment, the employee shall pay the lesser amount. Retirees who retired on or after July 1, 2005, who change from a family to an individual plan will have their flat-dollar health insurance contribution recalculated so that it is the product of the current active employee contribution times the individual plan premium in the year the retiree makes such a change in coverage. Such retirees who are eligible and elect to return to family coverage will have their flat-dollar health insurance contribution recalculated so that it is the product of the current active employee contribution times the family plan premium in the year the retiree makes such a change in coverage. After a recalculation in retiree contribution occurs, such retirees will be required to pay the same flat-dollar contribution in retirement plus the cost of COLA issued by the ERS each year thereafter to maintain coverage. Employees hired after June 30, 2012, will pay the same percentage health...
RETIREES’ COVERAGE a. Members of the bargaining unit who retire during the term of the Agreement and who have a combination of at least 20 years of full and part-time service at the Xxxxxxx Community College District shall be permitted to continue with the District’s health plan with premiums to be paid by the District, in an amount not to exceed the maximum District contribution for full-time teachers in each fiscal year of the Agreement. Each retiree shall apply for Medicare and/or MediCal when he/she becomes eligible for such coverage, and such coverage shall be the primary insurance.
RETIREES’ COVERAGE. 5.1.3.1. For County retirees, who retire from County service with fifteen (15) years of total County service as a permanent employee, of which five (5) years must be continuously served immediately prior to retiring, who participate in the County’s retiree insurance program, the County shall pay a monthly stipend to the retiree which is equivalent to 50% of the group health insurance medical premium for active employees with employee-only coverage under the same health plan. Such stipend shall be discontinued once the employee reaches sixty- five (65) years of age or is eligible for Medicare coverage. For those retirees who retire from County with twenty (20) years of total County service as a permanent employee, of which five
RETIREES’ COVERAGE. 5.1.3.1. For County retirees, who retire from County service with fifteen (15) years of total County service as a permanent employee, of which five (5) years must be continuously served immediately prior to retiring, who participate in the County’s retiree insurance program, the County shall pay a monthly stipend to the retiree which is equivalent to 50% of the group health insurance medical premium for active employees with employee-only coverage under the same health plan. Such stipend shall be discontinued once the employee reaches sixty-five (65) years of age or is eligible for Medicare coverage. For those retirees who retire from County with twenty (20) years of total County service as a permanent employee, of which five (5) years must be continuously served immediately prior to retiring, who participate in the County’s retiree insurance program, the County shall pay a monthly stipend to the retiree which is equivalent to 75% of the group health insurance medical premium for active employees with employee-only coverage under the same health plan. Such stipend shall be discontinued once the employee reaches sixty-five (65) years of age or is eligible for Medicare coverage.
RETIREES’ COVERAGE. A. Those individuals, hired before July 1, 2012, who retiree during the period of this Agreement, April 1, 2011 to June 30, 2016, shall be covered with the same health insurance plan as provided to active employees. At the time of retirement, i.e. thru the appropriate New York State Retirement System, the percentage of contribution the employee was making for their health/hospitalization plan, immediately prior to the effective date of their retirement, will be converted to a dollar amount. Said amount will be the dollar amount the employee shall pay to continue insurance coverage into retirement until he/she reaches the age of sixty- five (65), at which time, he/she will no longer be eligible to continue under the City’s health/hospitalization plans. The retiree shall make quarterly payments to the City, failure to pay within thirty (30) calendar days of when payment is due the City can terminate the retirees insurance eligibility. Upon reaching the age of sixty-five, the retiree shall receive an annual two thousand dollars and no cents ($2,000.00) to help off- set the cost of medi-gap insurance. In order to receive said amount the retiree must provide to the City proof of insurance coverage.
RETIREES’ COVERAGE. Retirees shall have the option to continue coverage under the TMCSEA’s policy through the final day of the last payroll for the year. Non-certified retirees thereafter may continue in the health insurance plans, subject to carrier availability, at the individual’s expense.
