Common use of Special Retiree Health Subsidy Clause in Contracts

Special Retiree Health Subsidy. Employees who retired on a service or service-connected disability on or after July 1, 1989 but on or before June 30, 1996, and who are at least age 55 shall receive the following benefit: Years of Service Benefit 20 - 24 $75 per month 25 - 29 $150 per month 30 & over $225 per month For employees who retired on or after July 1, 1996 but before July 1, 1998, the following benefit shall be provided: Years of Service Benefit 20 - 24 $150 25 - 29 $225 30 & over $300 In no case shall this special subsidy amount exceed the cost of the health plan option selected by the retiree. To receive this subsidy, the retiree must be in a City approved health plan. A retiree, who accepts another City job after retirement from the Fire Department and receives a City health insurance subsidy through that job, is ineligible for this subsidy. This subsidy shall be administered through the Pension Department and will not be governed by the rules and regulations of the City health insurance plan subsidy for active employees.

Special Retiree Health Subsidy. Employees Members who retired on a service or service-connected disability on or after July 1, 1989 but on or before June 30, 1996, and who are at least age 55 shall receive the following benefit: Years of Service Benefit 20 - 24 $75 per month 25 - 29 $150 per month 30 & over $225 per month For employees who retired on or after July 1, 1996 but before July 1, 1998, the following benefit shall be provided: Years of Service Benefit 20 - 24 $150 25 - 29 $225 30 & over $300 In no case shall this special subsidy amount exceed the cost of the health plan option selected by the retiree. To receive this subsidy, the retiree must be in a City approved health plan. A retiree, who accepts another City job after retirement from the Fire Department and receives a City health insurance subsidy through that job, is ineligible for this subsidy. This subsidy shall be administered through the Pension Department and will not be governed by the rules and regulations of the City health insurance plan subsidy for active employees.