Retiree Medical definition

Retiree Medical. Retirees who have twenty (20) or more years’ service with the City shall have the same medical, dental, and vision retirement benefits up to the City paid maximum contribution (City maximum) or the premium of the health plan selected by the employee (whichever is lower) as compared to current active employees enrolled in the PORAC plan for eligible employees and PERS Choice Blue Cross plan for Misc. and Safety Employees. Once a retiree becomes eligible for Medicare the City shall reimburse for the CalPERS supplemental medical premium for employee only coverage.
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Retiree Medical. For persons retiring after City Council approval of this MOU, Increase the monthly retiree medical amount for each year of pensionable service for persons with 20 full years of pensionable service from $10 to $20 Holidays (Article 2, Section 5): Continue holiday closures described in Article 2, Section 5 during term of MOU (Note: for first year, the dates would be 12/24/18 to 1/4/19. Vacation Sell Back (Article 4, Section 7):
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Retiree Medical. Retirees who have twenty (20) or more years’ service with the City shall have the same medical, dental, and vision retirement benefits up to the City paid maximum contribution (City maximum) or the premium of the health plan selected by the employee (whichever is lower) as compared to current active employees enrolled in the PORAC for eligible employees and PERS Choice Blue Cross plan for Misc and Safety Employees. Once a retiree becomes eligible for Medicare the City shall reimburse for the CalPERS supplemental medical premium for employee only coverage. Distributions for Qualified Health, and Long-term Care Premiums: Retired or disabled Firefighters may elect to have a maximum of $3,000 per year subtracted from their 457 plan distributions and sent directly to a health or long term care provider to pay premiums. A retired or disabled Firefighter may elect to have these amounts excluded from gross income for federal income tax purposes. To receive this favorable tax treatment, the retired or disabled public officers must make this election on their federal income tax returns.
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Examples of Retiree Medical in a sentence

  • Effective August 1, 1993, and as amended by the Board of Supervisors, the County implemented a Retiree Medical Plan (“the Plan”) for employees who have retired from County service and who meet certain eligibility requirements of the Plan.

  • Contributions shall be transferred to the County of Orange Retiree Medical Trust.

  • Upon paid County retirement, if eligible, a retiree shall receive a Retiree Medical Grant (Grant).

  • Medicare coverage is primary for retirees over 65, and for totally disabled employees who qualify for Medicare, and must coordinate with the UPlan Retiree Medical plan options.

  • Employee contributions shall be remitted bi-weekly, in one aggregate ACH transfer to the custodian of the Retiree Medical Trust, accompanied by a list of the employees for whom the contributions are made.

  • Employees shall not accumulate additional service hours or credit toward eligibility for the Retiree Medical Grant as of June 16, 2023.

  • Effective the pay period beginning on June 16, 2023, the Retiree Medical Grant benefits shall be frozen.

  • Such retiree shall not be eligible for both Retiree Medical Insurance Grants.

  • In the event of a retiree’s death, any balance in the Retiree Medical HRA and HRA Supplement will be available for the benefit of the retiree’s surviving spouse, or a surviving domestic partner who was an eligible dependent as defined by the Internal Revenue Code.

  • A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.


More Definitions of Retiree Medical

Retiree Medical. Retirees who have twenty (20) or more years’ service with the City shall have the same medical, dental, and vision retirement benefits up to the City paid maximum contribution (City maximum) or the premium of the health plan selected by the employee (whichever is lower) as compared to current active employees enrolled in the PERS Choice Blue Cross plan. Once a retiree becomes eligible for Medicare the City shall reimburse for the CalPERS supplemental medical premium for employee only coverage. Distributions for Qualified Health, and Long-term Care Premiums: Retired or disabled public safety officers (Firefighters) may elect to have a maximum of $3,000 per year subtracted from their 457 plan distributions and sent directly to a health or long term care provider to pay premiums. A retired or disabled public safety officer may elect to have these amounts excluded from gross income for federal income tax purposes. To receive this favorable tax treatment, the retired or disabled public officers must make this election on their federal income tax returns.
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Retiree Medical has the meaning given such term in Section 4.6.
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