Common use of Retirement Insurance Clause in Contracts

Retirement Insurance. A. Bargaining unit employees hired prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees hired on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees hired prior to October 1, 2007, who qualifies for normal retirement under the Florida Retirement System (FRS), shall receive a post-retirement health insurance benefit equal to full time bargaining unit employees. Under said plan, the retiring employee who is qualified to retire under FRS and in “good standing” will receive two percent (2%) credit for each year of creditable service prorated by each full month of service with BSO, up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. Good standing as used in this section shall be defined as a bargaining unit employee retiring without criminal charges pending. Further, if there are any administrative charges pending against an employee at the time of his/her retirement, the employee will be considered to have retired in good standing pending the final disciplinary decision. If the administrative charges are sustained with a final decision of termination, the employee will be determined to have not left the agency in good standing and the retirement discount program benefits will be terminated. B. Bargaining unit employees transitioned to BSO prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees transitioned to BSO on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees who retire from a contract city pension plan and are employees of the Broward Sheriff's Office are eligible to remain in the Broward Sheriff's Office health care plan. Under said plan, the retiring member who is qualified to retire in “good standing” as outlined herein will receive two percent (2%) for each year of creditable service prorated by each full month of service with BSO up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. C. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not wish to continue to participate in the BSO Group health plan at time of retirement from BSO may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest cost rates in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The level of coverage, single or family will be determined by the single or family coverage level maintained for the twenty-four (24) months directly preceding retirement. If the employee’s level of coverage changed over the previous twenty-four (24) months from the time of retirement from BSO, the employee will only be eligible to receive a stipend equal to the amount paid by the Sheriff as defined in the applicable rates schedule utilizing the lowest single coverage cost rate in place at the time of retirement D. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not participate in the BSO Group health plan at the time of retirement from BSO, may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest single coverage cost rate in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The stipend shall cease the month immediately following the member reaching Medicare eligibility. E. Employees who elected to continue coverage in the BSO Group Health Insurance may at a later date cancel the coverage and elect to receive a monthly stipend equal to the stipend available at the time of separation/retirement. Employees are only eligible to elect the monthly stipend upon cancellation of their active participation in the BSO Group Health Insurance Plan. 1. The employee must send written notification to BSO 30 days prior to the date they wish to terminate the coverage. 2. Termination of coverage must be the end of the month. 3. Employees will have 30 days from the last day of coverage to rescind their cancellation and maintain health insurance through the Broward Sheriff’s Office. 4. Once cancellation of health coverage takes effect, the retiree will begin receiving monthly stipend payments based on the amount equal to the stipend available at the time of separation/retirement. Employees electing the monthly stipend may not re-enroll in the BSO Group Health Insurance at a future date. Stipends shall cease the immediate month following the member reaching Medicare eligibility. Bargaining unit employees retiring who no longer wish to participate in the health plan will not be eligible to re-enter the BSO health plan at any time in the future. F. Each bargaining unit employee who qualifies for retirement under the Florida Retirement System (FRS) or from a contract city pension plan is eligible to continue a twenty-four thousand dollar ($24,000) life insurance policy under the group rates at the retiree’s expense.

Retirement Insurance. A. Bargaining unit employees hired prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees hired on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees hired prior to October 1, 2007, who qualifies for normal retirement under the Florida Retirement System (FRS), shall receive a post-retirement health insurance benefit equal to full time bargaining unit employees. Under said plan, the retiring employee who is qualified to retire under FRS and in “good standing” will receive two percent (2%) credit for each year of creditable service prorated by each full month of service with BSO, up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. Good standing as used in this section shall be defined as a bargaining unit employee retiring without criminal charges pending. Further, if there are any administrative charges pending against an employee at the time of his/her retirement, the employee will be considered to have retired in good standing pending the final disciplinary decision. If the administrative charges are sustained with a final decision of termination, the bargaining unit employee will be determined to have not left the agency in good standing and the retirement discount program benefits will be terminated. B. Bargaining unit employees transitioned to BSO prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees transitioned to BSO on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees who retire from a contract city pension plan and are employees of the Broward Sheriff's Office are eligible to remain in the Broward Sheriff's Office health care plan. Under said plan, the retiring member who is qualified to retire in “good standing” as outlined herein will receive two percent (2%) for each year of creditable service prorated by each full month of service with BSO up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. C. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not wish to continue to participate in the BSO Group health plan at time of retirement from BSO may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest cost rates in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The level of coverage, single or family will be determined by the single or family coverage level maintained for the twenty-four (24) months directly preceding retirement. If the employee’s level of coverage changed over the previous twenty-four (24) months from the time of retirement from BSO, the employee will only be eligible to receive a stipend equal to the amount paid by the Sheriff as defined in the applicable rates schedule utilizing the lowest single coverage cost rate in place at the time of retirement. . D. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not participate in the BSO Group health plan at the time of retirement from BSO, may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest single coverage cost rate in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The stipend shall cease the month immediately following the member reaching Medicare eligibility. E. Employees who elected to continue coverage in the BSO Group Health Insurance may at a later date cancel the coverage and elect to receive a monthly stipend equal to the stipend available at the time of separation/retirement. Employees are only eligible to elect the monthly stipend upon cancellation of their active participation in the BSO Group Health Insurance Plan. 1. The employee must send written notification to BSO 30 days prior to the date they wish to terminate the coverage. 2. Termination of coverage must be the end of the month. 3. Employees will have 30 days from the last day of coverage to rescind their cancellation and maintain health insurance through the Broward Sheriff’s Office. 4. Once cancellation of health coverage takes effect, the retiree will begin receiving monthly stipend payments based on the amount equal to the stipend available at the time of separation/retirement. Employees electing the monthly stipend may not re-enroll in the BSO Group Health Insurance at a future date. Stipends shall cease the immediate month following the member reaching Medicare eligibility. Bargaining unit employees retiring who no longer wish to participate in the health plan will not be eligible to re-enter the BSO health plan at any time in the future. F. Each bargaining unit employee who qualifies for retirement under the Florida Retirement System (FRS) or from a contract city pension plan is eligible to continue a twenty-four thousand thousand-dollar ($24,000) life insurance policy under the group rates at the retiree’s expense.

Retirement Insurance. A. Bargaining unit employees hired prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees hired on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees hired prior to October 1, 2007, who qualifies for normal retirement under the Florida Retirement System (FRS), shall receive a post-retirement health insurance benefit equal to full time bargaining unit employees. Under said plan, the retiring employee who is qualified to retire under FRS and in “good standing” will receive two percent (2%) credit for each year of creditable service prorated by each full month of service with BSO, up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. Good standing as used in this section shall be defined have the same definition as a bargaining unit employee retiring without criminal charges pending. Further, if there are any administrative charges pending against an employee at the time of his/her retirement, the employee will be considered to have retired used in good standing pending the final disciplinary decision. If the administrative charges are sustained with a final decision of termination, the employee will be determined to have not left the agency in good standing and the retirement discount program benefits will be terminatedArticle 10. B. Bargaining unit employees transitioned to BSO prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees transitioned to BSO on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees who retire from a contract city pension plan and are employees of the Broward Sheriff's Office are eligible to remain in the Broward Sheriff's Office health care plan. Under said plan, the retiring member who is qualified to retire in “good standing” as outlined herein will receive two percent (2%) for each year of creditable service prorated by each full month of service with BSO up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. C. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not wish to continue to participate in the BSO Group health plan at time of retirement from BSO may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest cost rates in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The level of coverage, single or family will be determined by the single or family coverage level maintained for the twenty-four (24) months directly preceding retirement. If the employee’s level of coverage changed over the previous twenty-four (24) months from the time of retirement from BSO, the employee will only be eligible to receive a stipend equal to the amount paid by the Sheriff as defined in the applicable rates schedule utilizing the lowest single coverage cost rate in place at the time of retirement. . D. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not participate in the BSO Group health plan at the time of retirement from BSO, may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest single coverage cost rate in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The stipend shall cease the month immediately following the member reaching Medicare eligibility. E. Employees who elected to continue coverage in the BSO Group Health Insurance may at a later date cancel the coverage and elect to receive a monthly stipend equal to the stipend available at the time of separation/retirement. Employees are only eligible to elect the monthly stipend upon cancellation of their active participation in the BSO Group Health Insurance Plan. 1. The employee must send written notification to BSO 30 days prior to the date they wish to terminate the coverage. 2. Termination of coverage must be the end of the month. 3. Employees will have 30 days from the last day of coverage to rescind their cancellation and maintain health insurance through the Broward Sheriff’s Office. 4. Once cancellation of health coverage takes effect, the retiree will begin receiving monthly stipend payments based on the amount equal to the stipend available at the time of separation/retirement. Employees electing the monthly stipend may not re-enroll in the BSO Group Health Insurance at a future date. Stipends Xxxxxxxx shall cease the immediate month following the member reaching Medicare eligibility. Bargaining unit employees retiring who no longer wish to participate in the health plan will not be eligible to re-enter the BSO health plan at any time in the future. F. Each bargaining unit employee who qualifies for retirement under the Florida Retirement System (FRS) or from a contract city pension plan is eligible to continue a twenty-four thousand dollar ($24,000) life insurance policy under the group rates at the retiree’s expense.

Retirement Insurance. A. Bargaining unit employees hired prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees hired on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees hired prior to October 1, 2007, who qualifies for normal retirement under the Florida Retirement System (FRS), shall receive a post-retirement health insurance benefit equal to full time bargaining unit employees. Under said plan, the retiring employee who is qualified to retire under FRS and in “good standing” will receive two percent (2%) credit for each year of creditable service prorated by each full month of service with BSO, up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. Good standing as used in this section shall be defined as a bargaining unit employee retiring without criminal charges pending. Further, if there are any administrative charges pending against an employee at the time of his/her retirement, the employee will be considered to have retired in good standing pending the final disciplinary decision. If the administrative charges are sustained with a final decision of termination, the employee will be determined to have not left the agency in good standing and the retirement discount program benefits will be terminated. B. Bargaining unit employees transitioned to BSO prior to October 1, 2007, will be grandfathered to continue eligibility for the two percent (2%) retirement discount program. Bargaining unit employees transitioned to BSO on or after October 1, 2007, will not be eligible for the two percent (2%) retirement discount program. Bargaining unit employees who retire from a contract city pension plan and are employees of the Broward Sheriff's Office are eligible to remain in the Broward Sheriff's Office health care plan. Under said plan, the retiring member who is qualified to retire in “good standing” as outlined herein will receive two percent (2%) for each year of creditable service prorated by each full month of service with BSO up to a maximum of fifty percent (50%) of the total health insurance premium cost at the time of separation/retirement. C. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not wish to continue to participate in the BSO Group health plan at time of retirement from BSO may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest cost rates in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The level of coverage, single or family will be determined by the single or family coverage level maintained for the twenty-four (24) months directly preceding retirement. If the employee’s level of coverage changed over the previous twenty-four (24) months from the time of retirement from BSO, the employee will only be eligible to receive a stipend equal to the amount paid by the Sheriff as defined in the applicable rates schedule utilizing the lowest single coverage cost rate in place at the time of retirement. . D. Retiring bargaining unit employees leaving in “good standing” who meet the requirements outlined in Section 14.1 and who do not participate in the BSO Group health plan at the time of retirement from BSO, may elect to receive a monthly stipend equal to the premium amount paid by the Sheriff utilizing the lowest single coverage cost rate in place at the time of retirement with the employee’s percentage discount applied as outlined in 14.2 (A) and (B). The stipend shall cease the month immediately following the member reaching Medicare eligibility. E. Employees who elected to continue coverage in the BSO Group Health Insurance may at a later date cancel the coverage and elect to receive a monthly stipend equal to the stipend available at the time of separation/retirement. Employees are only eligible to elect the monthly stipend upon cancellation of their active participation in the BSO Group Health Insurance Plan. 1. The employee must send written notification to BSO 30 days prior to the date they wish to terminate the coverage. 2. Termination of coverage must be the end of the month. 3. Employees will have 30 days from the last day of coverage to rescind their cancellation and maintain health insurance through the Broward Sheriff’s Office. 4. Once cancellation of health coverage takes effect, the retiree will begin receiving monthly stipend payments based on the amount equal to the stipend available at the time of separation/retirement. Employees electing the monthly stipend may not re-enroll in the BSO Group Health Insurance at a future date. Stipends shall cease the immediate month following the member reaching Medicare eligibility. Bargaining unit employees retiring who no longer wish to participate in the health plan will not be eligible to re-enter the BSO health plan at any time in the future. F. Each bargaining unit employee who qualifies for retirement under the Florida Retirement System (FRS) or from a contract city pension plan is eligible to continue a twenty-four thousand dollar ($24,000) life insurance policy under the group rates at the retiree’s expense.