Retirement Medical Benefit Sample Clauses

Retirement Medical Benefit. Unit member who chooses to retire upon reaching age 55 or older and who has served at least ten (10) years in the DISTRICT may elect to receive a percentage of HMO health insurance premium until Medicare eligible age.
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Retirement Medical Benefit. (Tier 2) To be eligible to continue in the City group medical plans, employees must have ten (10) or more years of continuous service with the City: For regular, full-time employees hired after April 5, 1999 but before July 1, 2005, retiring from the City of Lakeport with Service or Industrial Injury Retirement, City agrees to offer and provide/pay towards the appropriate premium(s) for retiree and eligible dependent(s) medical insurance under the following conditions: 6.4.3.1 To be eligible the retiree and dependent(s) must have been enrolled in the City’s medical plan prior to the effective date of retirement and continuing eligibility information for dependent(s) must be provided annually. 6.4.3.2 Retirement as used in this MOU shall mean separation from city service due to, voluntary retirement, retirement due to the employee’s sustaining an industrial injury or retirement through a reduction in force (layoff) where the employee otherwise meets all requirements for receipt of retiree health benefits under these rules. This addition is not changing the rule that an involuntary termination from city service as a result of discipline precludes the entitlement to any retiree benefits under this section but to further define involuntary separations from service where retiree health benefits may be paid to LEA members. 6.4.3.3 To be eligible the retiree and dependent(s) must elect to continue with such coverage immediately upon retirement of eligible employee. Thereafter retiree and dependent(s) are ineligible to participate in the City’s offered program. City contribution towards retiree and dependent(s) medical coverage benefit for those retiring with Service Retirement is based on the following formula: City contribution towards retiree and dependent(s) medical coverage benefit for those retiring as a result of industrial injury is based on the following formula Years of Continuous Service % of Cost Covered by City 5 plus 50 6.4.3.4 To continue eligibility retiree and dependent(s) shall enroll in Medicare and/or MediCal or any other welfare benefit program for which eligible as soon as eligible. The City does not pay for Medicare A or B but will continue contribution to the health insurance program offered through City’s primary health insurance plan provided the employee enrolls in the applicable public health benefit program described above and for prescription drug coverage also enrolls in Medicare part D. This requirement shall also apply to eligible ...
Retirement Medical Benefit. A unit member who chooses to retire upon reaching age 53 or older and who has served at least ten (10) years in the District in a full time position (five (5) hours or more per day) may elect to receive the same health insurance benefits until Medicare age based on his/her dependent status at the same rates as active employees. Additional medical coverage for the employee’s spouse or eligible dependents may be purchased by the retiree if selected during the open enrollment period or following a life changing event (marriage/divorces, child birth or adoption, etc.) as defined by the insurance carrier’s contract agreement. These options will be offered at the same rates as active employees. Retirees that have met the above qualifications as of June 30, 2014 will continue to receive health benefits for the employee + one (1) at no cost in lieu of a 100% paid composite rate. Coverage will continue until the employee and/or the additional covered individual becomes Medicare eligible. At that time the plan will convert to the 100% single party AETNA HMO rate. Dental and Vision coverage will continue to be offered to retirees at the retiree’s expense at the district’s retiree rates provided that the insurance provider allows such coverage for retirees. A. As an alternative, the District shall pay a lump sum payment equal to $1200 per year for each year remaining to age 65.
Retirement Medical Benefit. (Tier 2A) Employees retiring after 7/1/2016, will be subject to the following exceptions: • The benefit will extend to the retiree only. Dependents may not enroll in the plan. • The benefit amount (city contribution) is set at $550 per month for an early retiree (pre-Medicare) and $350 per month for retirees who have attained the age of 65 or have otherwise become eligible for Medicare.
Retirement Medical Benefit. A Bargaining Unit Member who chooses to retire upon reaching age 55 or older and who has served at least ten (10) years in the DISTRICT may elect to receive a percentage of HMO health insurance premium until Medicare eligible age. a. Retired Bargaining Unit Member receives 95% of Bargaining Unit Member‘s lowest available super composite rate for health insurance as paid for current employees. The above will be applied toward whichever insurance plan chosen by the retired Bargaining Unit Member subject to approval of the insurance carrier up to Medicare eligible age. b. Bargaining Unit Members who have 30 years of service with the Adelanto School District and who retire between July 1, 1998 and June 30, 2002 shall receive 50% of the lowest available super composite rate for health insurance as paid for current Bargaining Unit Members. This benefit shall be for five (5) additional years when retired bargaining unit members reach the Medicare eligible age. If a Bargaining Unit Member retires at or above, Medicare eligible age, the health insurance shall be paid for five (5) years after retiring. c. As an alternative, the DISTRICT shall pay a lump sum payment equal to 50% of the super composite rate per year for each year remaining to Medicare eligible age.
Retirement Medical Benefit. (Tier 3) To be eligible to continue in the City group medical plans, employees must have ten (10) or more years of continuous service with the City: For employees hired after July 1, 2005, and retiring from the City of Lakeport under Service or Industrial Injury retirement provisions, City agrees to allow enrollment in City group medical plans at retiree’s expense. This option shall cease upon death of retiree, though dependent(s) shall be provided COBRA or other legally required notice and benefits if they choose to stay in City group medical plan for the period of such COBRA benefit. 6.4.4.1 To be eligible the retiree and dependent(s) must have been enrolled in the City’s medical plan prior to the effective date of retirement and continuing eligibility information for dependent(s) must be provided annually. 6.4.4.2 Retirement as used in this MOU shall mean separation from city service due to, voluntary retirement, retirement due to the employee’s sustaining an industrial injury or retirement through a reduction in force (layoff) where the employee otherwise meets all requirements for receipt of retiree health benefits under these rules. This addition is not changing the rule that an involuntary termination from city service as a result of discipline precludes the entitlement to any retiree benefits under this section but to further define involuntary separations from service where retiree health benefits may be paid to LEA members. 6.4.4.3 To be eligible the retiree and dependent(s) must elect to continue with such coverage within thirty (30) days of eligible employees retirement
Retirement Medical Benefit. (Tier 1) To be eligible to continue in the City group medical plans, employees must have ten (10) or more years of continuous service with the City - For regular, full‐time employees hired before April 5, 1999, retiring from the City of Lakeport with Service or Industrial Injury Retirement, City agrees to offer and provide/pay the appropriate premium(s) for retiree and eligible dependent(s) medical insurance under the following conditions: 6.4.1.1. To be eligible the retiree and dependent(s) must have been enrolled in the City’s medical plan for a period of one year and/or in accordance with REMIF policy prior to the effective date of retirement and provide annual proof of dependent eligibility 6.4.1.2. Retirement as used in this document shall mean separation from city service due to, voluntary retirement, retirement due to the employee’s sustaining an industrial injury or retirement through a reduction in force (layoff) where the employee otherwise meets all requirements for receipt of retiree health benefits under these rules. This addition is not changing the rule that an involuntary termination from city service as a result of discipline precludes the entitlement to any retiree benefits under this section but to further define involuntary separations from service where retiree health benefits may be paid to LEA members. 6.4.1.3. To be eligible the retiree and dependent(s) must elect to continue with such to coverage within thirty (30) days of the eligible employee’s retirement date. Thereafter retiree and dependent(s) are ineligible to participate in the City’s offered program. 6.4.1.4. At the inception of retiree coverage the eligible dependents are only those who prior to the subscriber/employee retirement from city service were covered under the city sponsored health plan. This means that should the retiree remarry, adopt or otherwise acquire new dependents, City shall have no obligation to pay any portion of the health care premiums for such new dependents. The retiree (if they are otherwise eligible to participate in the health plan) may enroll at his or her own cost these new dependents. 6.4.1.5. To continue eligibility retiree and dependent(s) shall enroll in Medicare and/or MediCal or any other welfare benefit program for which eligible as soon as eligible. The City does not pay for Medicare A or B but will continue contribution to the health insurance program offered through City’s primary health insurance plan provided the employee enrolls i...
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Retirement Medical Benefit. 7.2.3.1 The City will contribute fifty percent (50%) of the employee-only premium for health insurance upon retirement, provided the employee has been employed with the City of Cloverdale for eighteen (18) years or longer and has reached the age of fifty (50) years. 7.2.3.2 The City will not contribute to the retiree health premiums of employees hired after June 30, 2011.
Retirement Medical Benefit. A Bargaining Unit Member who chooses to retire upon reaching age 55 or older and who has served at least ten (10) years in the DISTRICT may elect to receive a percentage of HMO health insurance premium until Medicare eligible age. a. Retired Bargaining Unit Member receives 100% of Bargaining Unit Member‘s lowest available super composite rate for health insurance as paid for current employees. The above will be applied toward whichever insurance plan chosen by the retired Bargaining Unit Member subject to approval of the insurance carrier up to Medicare eligible age. b. Medical insurance coverage for retiree and spouse/dependents will begin at retirement and end when retiree reaches Medicare eligible age. c. Bargaining Unit Members who have 30 years of service with the Adelanto School District and who retire between July 1, 1998 and June 30, 2002 shall receive 50% of the lowest available super composite rate for health insurance as paid for current Bargaining Unit Members. This benefit shall be for five (5) additional years when retired bargaining unit members reach the Medicare eligible age. If a Bargaining Unit Member retires at or above, Medicare eligible age, the health insurance shall be paid for five (5) years after retiring. c As an alternative the DISTRICT shall pay a lump sum payment equal to 50% of the super composite rate per year for each year remaining to Medicare eligible age.
Retirement Medical Benefit. A Bargaining Unit Member who chooses to retire upon reaching age 55 or older and who has served at least ten (10) years in the DISTRICT may elect to receive a percentage of HMO health insurance premium until Medicare eligible age. a. Retired Bargaining Unit Member receives 100% of Bargaining Unit Member‘s lowest available super composite rate for health insurance as paid for current employees. The above will be applied toward whichever insurance plant chosen by the retired Bargaining Unit Member subject to approval of the insurance carrier up to Medicare eligible age. b. Medical insurance coverage for retiree and spouse/dependents will begin at retirement and end when retiree reaches Medicare eligible age. c. As an alternative the DISTRICT shall pay a lump sum payment equal to 50% of the super composite rate per year for each year remaining to Medicare eligible age.
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