Retirement Medical Benefits. 15.4.1 A unit member who elects to retire shall be provided the following:
15.4.1.1 The retiree may select a District-approved fee-for-service plan for ten (10) years or to Medicare age of eligibility (whether or not the unit member qualifies for Medicare), whichever comes first. The District’s annual maximum contribution for the medical insurance coverage shall be based on the following:
15.4.1.1.1 The lowest cost HMO plan available during each annual enrollment period offered by a district’s health benefit provider, and
15.4.1.1.2 Within those HMO plans offered by the provider in 15.
4.1.1. 1 above, the HMO plan that provides the greater of the benefits to the eligible retiree
15.4.1.2 The retiree may select an HMO of his/her choice. It is understood that during the ten (10) year period or to Medicare age of eligibility (whether or not the unit member qualifies for Medicare), whichever comes first, the District’s contribution will be, as referenced in 15.4.1.1, available during each annual enrollment period.
15.4.1.3 If the retiree should move out of state or into a geographical location within the state that cannot be provided medical coverage by an HMO plan offered by the District, the retiree will be entitled to the equivalent contribution, as referenced in 15.4.1.1, by the District for purchase of another medical insurance plan. It is understood this option will continue as long as the retiree resides outside of the area covered by a District HMO plan and for the ten (10) year period or to Medicare age of eligibility (whether or not the unit member qualifies for Medicare), whichever comes first.
15.4.2 The retiree may purchase available vision and dental plans at no cost to the District until the retiree reaches the Medicare age of eligibility (whether or not the unit member qualifies for Medicare). The retiree may elect to have his/her spouse and/or dependent(s) on a District health plan, but must pay any remaining premium for the spouse and/or dependent(s) over the District’s contribution, as referenced in 15.4.1.1, for both the employee and his/her spouse and/or dependent(s). The retiree may elect to have his/her spouse and/or dependent(s) on a District dental or vision plan but must pay the premium for the spouse and/or dependent(s).
15.4.3 The retiree is eligible to change the medical plan selected during the open enrollment period.
15.4.4 At the conclusion of the District paid retirement medical benefit the retiree has the option, at no cost to...
Retirement Medical Benefits. Titan agrees to provide for and during their natural lifetimes Executive and his spouse and dependents which live in the household shall receive, at no cost and expense to them, fully vested group medical (including hospitalization, surgical, and major medical) and dental insurance benefits provided or furnished or made available under Titan’s Plan (at Executive, or in the event of Executive death, at Executive’s spouse’s election with respect to which plan) then prevailing Executive benefit plans to the then employed highest level executive officers’ of either of them from time to time. Titan shall pay the full premiums for all such benefits furnished through group insurance plans as well as all other charges and expenses for providing such benefits.
Retirement Medical Benefits. The District shall make available $3020 towards the payment of the group health insurance program for the unit member only, retroactive to November 1, 2007. For those retiring after September 1, the amount will be prorated at the rate of $302 per month. This shall be paid for a maximum of ten (10) consecutive years, beginning with the first year of retirement, until he/she becomes eligible for Medicare, secures employment elsewhere where medical insurance is paid or reaches the age of 65, whichever occurs first. At that time, the District contribution towards medical insurance shall cease. All retires who were receiving District contributions toward medical insurance on, or after November 1, 2007, shall have the $2623.18 cap increased to $3020 retroactive to November 1, 2007, or the date of the first retirement contribution after November 1, 2007. At the conclusion of the District paid retirement medical benefit the retiree has the option, at no cost to the District, to purchase an HMO for a maximum of three (3) additional years or to Medicare age of eligibility (whether or not the unit member qualifies for Medicare), whichever comes first. The retiree may purchase available vision and dental plans at no cost to the District until the retiree reaches the Medicare age of eligibility (whether or not the unit member qualifies for Medicare). To qualify for this retirement medical plan, the following criteria must be met by the unit member: a) must have reached the age of 55; b) must have ten
Retirement Medical Benefits. Commencing with unit members who retire on or after March 1, 2010 and were hired prior to June 30, 2018, the following benefit will apply:
13.3.1 Retiring unit members who meet the following criteria shall receive District-paid medical benefits.
13.3.1.1 Unit members must have been in continuous employment with the District for a ten (10) year period immediately prior to retirement.
13.3.1.2 Unit members must have been receiving a full District- paid medical package for at least the last five (5) of those ten (10) years.
13.3.1.3 Eligibility begins at age 62 and ends at age 65.
13.3.1.4 There must be a savings or no cost to the District of implementing this benefit for any individual unit member (fundamentally, but not limited to the cost savings between the retiring employee and a new hire employee), in order to cover the cost of the medical premiums for the retiring employees. Any additional cost shall be borne by the retirees.
Retirement Medical Benefits. 14 The District shall make available $3020 towards the payment of the 15 group health insurance program for the unit member only, retroactive to November 1,
Retirement Medical Benefits. The District will provide lifetime retiree medical benefits to eligible employees and their spouses or State of California Registered Domestic Partners (RDP) as follows:
Retirement Medical Benefits. Teachers whose creditable earnings increase exceeds 4.5% during any of the years used for retirement salary calculation and would incur a penalty that must be paid by the District would not be eligible for the retirement medical benefits outlined in this article. Teachers aged fifty-five (55) years or older, with a minimum of fifteen (15) years of full-time teaching service in the District, or the equivalent prorated part-time years of teaching service in the District of half-time or greater, who retire under the provisions of the Illinois Teachers' Retirement System, meet the requirements of section 16.1, and are not covered by another employer's insurance, may enroll in the hospital-surgical-major medical insurance group plan provided by the Teachers' Retirement System. The Board shall contribute $4600 per year for a maximum of 4 years toward the Teachers' Retirement System insurance plan. If retiree medical benefits are no longer available through the Teachers' Retirement System or if the State of Illinois creates an alternate mandatory benefit plan for retirees, the Board and Association shall renegotiate this provision or benefits.
Retirement Medical Benefits. Eligible Employees had the option to opt out of the retirement medical benefit provided previously, and all employees hired before July 1, 2007 who are currently in the unit elected to opt out, and are therefore covered by the provisions below. Eligible Employees hired before July 1, 2007 received the following Retirement Medical Benefit, which is fully vested. Eligible Employees who elected this opt-out option shall not be subject to any retiree medical cost-sharing requirements (i.e., normal cost) during the term of their employment.
(i) The City established a Retiree Health Savings Account (RHSA) in the eligible employee’s name for the Eligible Employee. The City contributed $2,000.00 per year of Continuous City Service into the RHSA. For purposes of the service credit calculation, eligible employees received service credit on a pro rata basis by month and days of service as of January 1, 2015.
(ii) Upon retirement from the City, the City will provide the Retired Employee with $500 per month for the cost of retirement healthcare premiums and qualified health care expenses until the Retired Employee reaches the age of Medicare eligibility. These funds shall be provided to each member on a pre-tax basis (to the extent permitted by law), through a Retiree Health Care Reimbursement Account (RHRA). In the event of the Retired Employee’s death, the benefits provided by the City to the Retired Employee under this section will not continue for the survivors or dependent children of the Retired Employee.
(iii) Retired Employees may participate at their own expense in the City’s group health insurance, subject to applicable group health insurance plan requirements.
Retirement Medical Benefits. The Company agrees to provide for and during their natural lifetimes Executive and his spouse and dependents which live in the household shall receive, at no cost and expense to them, fully vested group medical (including hospitalization, surgical, and major medical) and dental insurance benefits provided or furnished or made available under the Company's Plan (at Executive, or in the event of Executive death, at Executive's spouse's election with respect to which plan) then prevailing Executive benefit plans to the then employed highest level executive officers' of either of them from time to time. The Company shall pay the full premiums for all such benefits furnished through group insurance plans as well as all other charges and expenses for providing such benefits.
Retirement Medical Benefits. 1. Employees retiring from the District may elect to participate in the District- offered health and welfare benefits plan at their own expense.
2. To be eligible, an employee must be continuously employed in classified service by the District five (5) years immediately prior to retirement and shall meet age and years of service requirements established the by Public Employee Retirement System (PERS).
3. Employees electing the above are required to make advance arrangements with the District, enroll within thirty (30) days of their retirement, or forfeit health and welfare benefit eligibility.
4. An employee’s surviving spouse may elect to continue participation in the District offered health and welfare benefit plans at his/her own expense.
5. Payment shall be made at least thirty (30) days in advance and must be continuous to maintain eligibility. If any payment is not received by the District by the due date, eligibility shall be forfeited.
6. The employee and/or surviving spouse electing the above are required to join Medicare if eligible.
7. All parties shall follow the rules and regulations of the fringe benefit carriers/administrators.