Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65
Retirement Health Insurance. LSNYC shall permit retired employees who have been employed for a minimum of 25 years and are at least 62 years of age to remain in LSNYC’s group medical plans at their own expense. Eligibility under this provision shall expire upon eligibility for Medicare.
Retirement Health Insurance. A. In order to be eligible for the benefit provided herein, the employee must have the following:
Retirement Health Insurance. A. The Executive Secretary shall be entitled to be enrolled in the Plymouth County Retirement Plan, the cost of which is borne jointly by the Town and the Executive Secretary.
Retirement Health Insurance. Benefits 6-2
Retirement Health Insurance. All employees hired prior to June 30, 2000 and who have taught in the Xxxxxx School District for at least ten (10) years and retiring after June of 1997 will be eligible for the health insurance plan available to active employees consistent with the terms of the collective bargaining agreement at the same co-pay as active employees. If the retired teacher is eligible for and desires to have two-person or family coverage rather than single coverage, the retired teacher is responsible to pay any difference in cost which an active teacher must pay for the additional coverage. This difference is the co-payment. The retiree’s share of the insurance premium is to be paid to the district office in advance of the due date of payment to the health insurance carrier. If the retiree fails to pay the retiree’s share as specified, the coverage will lapse without liability to the Xxxxxx School District. Coverage will continue to age 65, after which the Board will pay on the same basis toward membership in the appropriate Medicare Supplemental program offered by the District’s insurance carrier. Any who retired prior to July 1, 1989 and are ineligible for this benefit, will become eligible if the state laws are altered to permit participation by these persons. Employees hired after June 30, 2000 must have taught in the Xxxxxx School District at least fifteen (15) years to be eligible for the same benefits as above.
Retirement Health Insurance. Upon termination of Executive’s employment with Company for any reason, Company shall make available to Executive for Executive and his eligible dependents for his lifetime retirement health insurance made available generally to, and under the same terms as the Company’s other former executives which the Company reserves the right to uniformly discontinue with respect to all former executives. Executive will pay all associated premiums for coverage.
Retirement Health Insurance. Retirees hired prior to November 1, 2006, who are less than 65 years old but are at least 60 years old with 10 years or more of service, or who have completed 25 years of service and attained the age of 55 immediately preceding retirement, will receive credit towards their health insurance premium in accordance with the following schedule, provided that the retiree does not owe the County for past premiums. Years of Service Annual Retiree Health Insurance Credit 10 Complete Years of Service $500 11 Complete Years of Service $700 12 Complete Years of Service $900 13 Complete Years of Service $1,100 14 Complete Years of Service $1,300 15 Complete Years of Service $1,500 16 Complete Years of Service $1,700 17 Complete Years of Service $1,900 18 Complete Years of Service $2,100 19 Complete Years of Service $2,300 20 Complete Years of Service $2,500 Credit shall in no event exceed actual annual premium. No cash will be paid in lieu of credits. Retirees who have reached the age of 65 with 10 years or more of service will receive health insurance credit at the 1989 cap of $55.60 per month. Any premium amount over the $55.60 per month will be split equally between the retiree and the County. Upon death of a retiree, the monetary amount of the plan the retiree was on, will be reduced by one half to the surviving spouse. Any employee who has worked for the County for a minimum of 10 years may choose, upon retiring from the County, to remain on the county's health insurance plan provided he/she pays the entire premiums. Employees and retirees of Gratiot County shall not be eligible for dual coverage as both a sponsor and dependent for retiree health insurance coverage under this Agreement. The County has approved the application of retiree health credits to other than County health plans. The retiree must provide proof of personal payment for health insurance whereupon the County will reimburse the retiree the amount of their monthly credit. In no case will the amount of reimbursement exceed the monthly credit authorized to the retiree based on years of service or the actual personal out of pocket cost of insurance. Receipts for the year will need to be turned into payroll by December 31st and reimbursements will be paid by January 31st. In no case shall the retiree’s reimbursement amount exceed the documented out-of-pocket expenses. Once a retiree decides to terminate enrollment in any County group health insurance plan, that retiree forfeits all future rights of en...
Retirement Health Insurance. The District will offer health insurance coverage into retirement under the following conditions:
Retirement Health Insurance. 20.3 An employee hired prior to January 01, 1993, who is retiring from the City, with at least ten years of employment and is at least 50 years of age, shall be entitled to City-paid health insurance for a maximum of ten (10) years or until they reach the qualifying age of Medicare, whichever comes first. Any eligible employee electing retirement will only be eligible for City-paid health insurance if they provide four months prior written notification of their intent to retire. However, if due to medical or personal reasons the employee wishes to retire prior to the four-month advance notification requirement, and remain eligible for City-paid health insurance for a maximum of 10 years or until they reach the qualifying age of Medicare, the City Council may waive the four- month notification, and may determine with the employee an appropriate retirement date. A request to retire prior to the four-month advance notification requirement must be submitted in writing to the City Administrator for consideration. Effective January 1, 2000, a retiree (hired prior to 1993) eligible for paid health insurance coverage until qualifying for Medicare will be required to be enrolled for family health insurance coverage six (6) months prior to the date of retirement to be eligible for the City-paid family health care coverage. In the event an eligible retiree does not enroll in family health coverage six (6) months prior to their retirement date, the City will only pay the premium for single coverage, and the retiree is responsible for the timely payment of the difference between the single and family monthly premium. Regular full-time employees hired after January 01, 1993 are not eligible for the paid early retirement health insurance benefits. Employees hired after January 01, 1993, who are retiring, may remain in Hastings’ group health insurance indefinitely, at their own expense. The employee shall pay the City in advance on a monthly basis for the cost. The City will then remit payment to the insurance company. When the former employee reaches age 65, the City may transfer the former employee and covered dependents to a non-active employee pool. This indefinite continuation is made available under Minnesota Statute 471.61, which is also known as Chapter 488. LIFE:
