Retirement Health Benefits. The District shall maintain a health insurance assisted retirement plan which provides each retiree insurance with his/her choice of the plans offered to all active unit members. To be eligible to participate in this program, a unit member must be at least 53 years of age with at least ten (10) years of service in the Calaveras Unified School District, and must submit a letter of resignation to the District indicating a definite intention to retire. Any service in a school district other than a substitute basis after the date of resignation will terminate eligibility for participation in the health insurance assisted retirement plan. Unit members hired before July 1, 1996, shall receive District support based upon the following: Retirement Age 53-55 District pays 100% of Premium Cost Retirement Age 56 District pays 95% of Premium Cost Retirement Age 57 District pays 90% of Premium Cost Retirement Age 58 District pays 85% of Premium Cost Retirement Age 59 District pays 80% of Premium Cost Retirement Age 60 District pays 75% of Premium Cost Retirement Age 61 District pays 70% of Premium Cost Retirement Age 62 District pays 65% of Premium Cost Retirement Age 63 District pays 60% of Premium Cost Retirement Age 64 District pays 55% of Premium Cost Unit members hired after July 1, 1996, retiring under this plan shall have District-assisted health insurance premium payments to age 65 providing that they elect to do so at the time of retirement, and there is no break in membership in the benefit program. District support shall be as follows: Retirement Age 53-55 District pays 100% of Benefit Cap Amount Retirement Age 56 District pays 95% of Benefit Cap Amount Retirement Age 57 District pays 90% of Benefit Cap Amount Retirement Age 58 District pays 85% of Benefit Cap Amount Retirement Age 59 District pays 80% of Benefit Cap Amount Retirement Age 60 District pays 75% of Benefit Cap Amount Retirement Age 61 District pays 70% of Benefit Cap Amount Retirement Age 62 District pays 65% of Benefit Cap Amount Retirement Age 63 District pays 60% of Benefit Cap Amount Retirement Age 64 District pays 55% of Benefit Cap Amount At age 65 all unit members may elect to continue medical, dental, and vision through the CUEA chosen provider at their own expense. Unit members may also elect to remain on the District Dental and Vision policies, if they are applicable, from the date of retirement at their own expense.
Retirement Health Benefits. Provided that Executive’s employment has not been terminated prior to retirement, Executive shall be entitled to receive medical insurance benefits comparable to the benefits received by full-time employees of the bank, commencing with the later of (1) the date of Executive’s retirement, or (2) the date of Executive’s 60th birthday, and terminating on the earlier of (1) the date that Executive becomes eligible for Medicaid, or (2) the date of Executive’s 65th birthday. If Corporation and Bank cannot provide such benefits because Executive is no longer an employee, Executive shall annually receive a dollar amount equal to the cost to Executive of obtaining such benefits (or substantially equal benefits), not to exceed one hundred and twenty percent (120%) of Bank’s cost to provide such benefits to other employees.
Retirement Health Benefits. 12.7.1 Retired employees shall be provided Kaiser or Blue Shield health plan under the following conditions:
A. The District shall pay for a health plan as long as other regular employees receive the benefits. The District shall contribute an amount not to exceed the amount contributed for regular employees.
B. The District shall determine the carriers of the plan after consultation with the Association.
C. The retiree shall be actively drawing retirement benefits from either STRS or PERS.
D. The retiree shall be eligible for health insurance if eligible during active employment for benefits.
E. The retiree shall have been employed as a full-time employee continuously by PUSD for fifteen (15) years prior to retirement. Retirement shall be immediately following employment with PUSD.
F. The retiree shall be at least 55 years old to qualify.
G. A year’s service is defined as full-time regular service for 75% of the year. Years under 75% shall not accumulate.
H. Benefits paid by the District shall end when the retiree reaches age 65 or is deceased.
I. The coverage shall be for the retiree and dependents. However, dependent coverage stops when the retiree is no longer eligible or dependent reaches age 65 or qualifies for Medicare.
J. Eligible dependent is as defined in insurance contract.
K. After age 65, the employee may elect to continue benefits by paying the premium according to procedures established by the District. Continuance of such benefits shall be dependent upon the benefits being provided by the insurance carrier.
L. A letter of resignation indicating retirement and a request for benefits shall be submitted. Employees are encouraged to submit such requests no later than March 1.
M. Age requirement will be waived if employee’s retirement is due to a disability acceptable by STRS.
Retirement Health Benefits. FUNDING 53 PREAMBLE
Retirement Health Benefits. (a) The Society shall make a voluntary post-retirement benefit plan available to eligible employees and their spouses and dependent children, that provides the employee with the ability to purchase dental and extended health care benefit coverage upon retirement. If the employee is of an eligible age, group life insurance may be converted to an individual policy within 30 days of terminating group coverage.
(b) Employees who purchase post-retirement benefit coverage must pay 100% of the premiums for such coverage, directly to the retiree benefit provider.
(c) Employees who intend to purchase post-retirement benefit coverage under this Article must provide written notice to the Society no less than 15 calendar days after terminating group coverage.
(d) All decisions under the post-retirement benefit plan will be made by the retiree benefit provider. The Society has no obligation in respect of any such decisions, including but not limited to decisions regarding eligibility, coverage, claim adjudication and premiums.
(e) Post-retirement benefit coverage is subject to modification from time to time by the retiree benefit provider.
(f) Employees must contact the retiree benefit provider directly in writing by email to request enrolment within 30 days of terminating employment.
Retirement Health Benefits. Employees represented by the Association who retire for service or disability under PERS, shall receive retirement health benefits in accordance with the CalPERS Health Plan provisions in Section 6.1.5 of this MOU.
Retirement Health Benefits. The Board shall provide premiums for health insurance benefits under the following schedule if the employee has reached age 55 or over and elects to retire. All benefits stop at age 65 or when eligibility for federal or state health insurance becomes available, however medical and dental (if the option is available) may be continued indefinitely at bargaining unit member’s own expense. Service and age requirements and percentage of premiums paid are as indicated in the chart below. 55 40% 44% 48% 50% 56% 60% 64% 68% 72% 78% 80% 80% 100% 56 45% 49% 53% 57% 61% 65% 69% 73% 77% 80% 80% 80% 100% 57 50% 54% 58% 62% 66% 70% 74% 78% 80% 80% 80% 80% 100% 58 55% 59% 63% 67% 71% 75% 79% 80% 80% 80% 80% 90% 100% 59 60% 64% 68% 72% 76% 80% 80% 80% 80% 80% 80% 90% 100% 60+ 60% 64% 68% 72% 80% 80% 80% 80% 80% 80% 80% 100% 100%
Retirement Health Benefits. Employees shall be eligible for post – retirement benefits, until Medicare eligible, as follows:
A. Thirty (30) years or more of service: For three (3) years, the annual cost of health insurance shall be split between the Town and the retiree. The Town shall pay $4,000 per year toward the annual cost, and the retiree shall pay the difference, payable on a monthly basis.
B. Twenty-five (25) years of service: For three (3) years, the annual cost of health insurance shall be split between the Town and the retiree. The Town shall pay $2,666 per year toward the annual cost, and the retiree shall pay the difference, payable on monthly basis.
C. Twenty
Retirement Health Benefits. Upon retirement with 25 or more years of creditable PFRS pension service, the Chief of Police shall be provided with full health and prescription benefits at no premium cost to him or his spouse & eligible dependents from the date of his retirement until his death or until his current or future spouse’s death, whichever occurs last. Additionally, the Township will reimburse the Chief of Police any Medicare premiums for Medicare Part A, Part B or Part D, including any Income Related Monthly Adjustment Amount (IRMAA) assessment made by the Social Security Administration or its successor. These benefits shall remain equal to or better than the benefits received by the Chief of Police and his family as of the last date of service to the Township. When Chief of Police qualifies for Medicare, benefits will become secondary to Medicare while his Souse and dependents will continue to receive full coverage until children reach the age of 26. When his spouse or disabled children become eligible for Medicare, they will become secondary to Medicare. Child Dependents who are disabled before aging out will retain coverages until the death of the Chief of Police and his Guardian spouse, whichever occurs last.
Retirement Health Benefits. 1. A member who retires on/after January 1, 1990, with 25 or more years of permanent full time service with the City of Ocean City shall receive health benefit coverage (medical/major medical) for the retiree and his/her family.
2. A member who retires on/after January 1, 1996, with 25 or more years of permanent full time service with the City of Ocean City shall receive prescription benefits with a 1/3 co-pay for the retiree and his/her family.
3. Such coverage shall not extend beyond the employee attaining the age of 65 or becoming eligible for Medicare/Medicaid, or until the death of said employee.
a. When a member who retires after January 1, 1992, and his/her spouse becomes eligible for Medicare/Medicaid, the City's health plan shall remain in effect as secondary provider. The City's maximum liability as secondary provider shall be $10,000 per illness/injury annually.
4. Such coverage shall be limited to retirees who are not covered by an equal or better health insurance plan through a future employer.
5. If a retiree's future employment terminates and thereby discontinues his/her health insurance, she/he must notify the City of Ocean City prior to October 1st so that they might be budgeted for and included in the next open enrollment period. In the event the plan does not permit reentry, the retiree shall not be covered.
6. It is understood and agreed that health care coverage for retirees is not retroactive and will only apply to individuals who retire after January 1, 1990, who conform to any restrictions noted above.
7. An employee who retires on/after January 1, 1997, and that employee is granted 66 2/3% Accidental Disability Retirement Benefits from the Public Employees Retirement System, all medical benefits shall be continued until the death of the employee, spouse and children to age 21.
a. The employee is entitled to enroll in COBRA during his/her appeal if not granted the 66 2/3% retirement. If the appeal extends beyond the 18 months of COBRA entitlement, the employee shall be eligible to continue the COBRA benefits for an additional period of 18 months, if it is not illegal, if it is approved by the City's insurance carrier, and if it does not jeopardize the integrity of the health benefit plan. If an employee is granted the 66 2/3% disability as a result of his/her appeal, the City shall reimburse any premium(s) he/she paid under COBRA.
