Health Insurance for Retired Employees. All employees hired prior to July 1, 1990, who retire (i.e., begin to draw from their PERS retirement accounts), and have a minimum of ten (10) years of City service shall be eligible for retiree health benefits. The City’s contributions towards retiree medical employee and spouse shall not exceed the actual costs for the employee or employee and spouse, based on the City Kaiser rate. Employees who retire (i.e. begin to draw from their PERS retirement account) after 20 years of City service, shall be entitled to receive City paid retiree dental insurance for the employee or for the employee and spouse. Employees who are ineligible for City paid retiree health insurance may elect, upon retirement, to continue medical and dental coverage at their own expense (including a reasonable administrative fee, not to exceed the statutory maximum for continuation coverage set forth under applicable law) through the City's medical and dental plans. The City will reimburse the cost of the standard "Part B" Medicare premium, which is $134 in 2017, for those employees who elect such coverage. This amount is subject to change based on adjustments by the Federal government. (July 2017) This cost is automatically withdrawn from those employees' Social Security checks. Employees must supply the City with proof of payment of said coverage, and will be reimbursed on a quarterly basis. No retroactive reimbursements will be given.
Health Insurance for Retired Employees. All employees hired prior to June 30, 1990, who retire from the City (i.e., begin to draw from their PERS retirement accounts) shall continue to be eligible for retiree health benefits. This consists of City contributions to medical insurance for retirement, after 10 years of City service, and dental insurance, for retirement after 20 years of City service, for both employee and spouse. Employees who are ineligible for City paid retiree health insurance may elect upon retirement to continue medical and dental coverage at their own expense through the City’s medical and dental plans. Only employees hired prior to June 30, 1990 who retire after ten (10) years of City service shall be eligible to cause the City to pay the prescribed monthly contributions toward the payment of medical insurance premiums for them and eligible dependents and eligible survivors, and only employees hired prior to June 30, 1990 who retire after twenty (20) years of City service shall be eligible to cause the City to pay the prescribed monthly contributions toward the payment of dental insurance premiums for them and eligible dependents and eligible survivors. The City’s monthly contribution towards retiree medical insurance shall not exceed the actual costs for employee or employee and spouse, whichever is applicable, based on the “City-Kaiser” Plan rate. All employees and retirees who do not satisfy the prerequisites described above shall still have the option to continue medical and dental insurance coverage for them and eligible dependents under the City’s medical and dental plans at their own expense. Xxxxxxxx retirees must join Medicare so long as this does not result in any loss of coverage or increased cost to the retiree. In that connection, the City will reimburse eligible retirees for the cost of the Medicare coverage, which is automatically withdrawn from their Social Security checks. Retirees must supply the City with proof of payment (including deductions from Social Security checks) for this coverage, and will be reimbursed on a quarterly basis. No retroactive reimbursements will be given.
Health Insurance for Retired Employees. Retiring employees may continue to participate in the group health insurance plan after retirement in accordance with COBRA. Following the COBRA period, retirees participate in the College Insurance Program for Retirees administered by Illinois Central Management System (CMS). Employees hired after July 1, 2005, who retire from active full-time employment at the College and have been employed full-time for twenty (20) years, or employees hired prior to July 1, 2005, who have been employed full-time for ten (10) years or more are eligible for partial premium refunds. Those eligible will receive a refund equal to the difference between the rates within the retirees’ College Insurance Program and the Xxxx X. Xxxxx College insurance plan. No reimbursement will occur unless the retiree’s cost is higher than the current employees’ share of comparable coverage under the Xxxx X. Xxxxx College plan. Employees ineligible for participation in the College Insurance Program due SURS benefit plan selection, but who would have otherwise been eligible for partial premium refund, will be provided a premium refund not to exceed the refund had the employee been eligible for the College Insurance Program. Payments will begin upon receipt of a written request of such, which must be accompanied by verification of coverage. At the death of a retired employee, coverage will be extended to a surviving spouse if previously covered. Employees hired after January 1, 2013 are ineligible for premium reimbursement. Employees currently retired shall continue to have coverage under the same conditions as currently exist. Upon eligibility for Medicare benefits or other future healthcare programs for eligible retirees, retirees must sign up for such coverage to cause their retiree plan to become secondary coverage. Failure to do so will result in the retiree being solely responsible for any additional increase to the cost of insurance coverage. The College will not take into consideration premiums paid for programs other than the College Insurance Program for community college retirees when calculating potential reimbursement.
Health Insurance for Retired Employees. Full insurance benefits for retirees and dependents for one (1) year following retirement will be provided by the College. The College shall continue payment of all health benefits for the retiree until the retiree reaches the age of sixty-five (65) or qualifies for Medicare or another equivalent replacement of Medicare. The retired employee may maintain personal health and other existing benefits for dependents at the retiree’s expense after retirement.
Health Insurance for Retired Employees. The Employer will continue to provide the same level of health insurance to retired employees as provided current employees, but such retired employees will not be required to contribute to the medical insurance premium co-pay.
Health Insurance for Retired Employees. The Employer agrees to make insurance benefits available to retired employees up until the time that said employee qualifies for Medicare. This provision shall be contingent upon the retired employee paying 100% of the insurance premium costs.
Health Insurance for Retired Employees. (a) Employees who retire from the County, are receiving retirement benefits from the New York State Retirement System and have the County retirement service credit years with the County government, shall have the option to elect contributory health insurance coverage from the County based on the following schedule: COUNTY SERVICE COUNTY SHARE OF COVERAGE CREDIT YEARS INDIVIDUAL DEPENDENT 10-14 years 50% 35% 15-19 years 60% 45% 20-24 years 70% 55% 25 years or more 80% 65%
Health Insurance for Retired Employees. The City shall make hospitalization, medical, and dental insurance available to retired employees at the retired employee's expense. Should a retired employee opt not to obtain any insurance through the City’s group carrier within 30 days upon their retirement, they are not eligible to sign up at a later date. Should a retired employee who has opted in decide to cancel their insurance due to coverage through a spouse or family member, they will not have the option to return to the City’s insurance at any date.
Health Insurance for Retired Employees. The Board shall provide individual health insurance for eligible employees who retire after June 30, 1987. The specification of the plan shall be in accordance with Section 1 of this Article. To be eligible for this coverage, an employee must be between the age of 55 and the age at which they become eligible for Medicare or have at least 30 years in the Tennessee Consolidated Retirement System. The employee must also have at least 20 years of service in the Xxxxxxxx County School System. Up to 20 days of accumulated sick leave may be used as credited service time for the purpose of qualifying for the 20 years of service in the Xxxxxxxx County School System retirement insurance benefit. Employees must notify the department on or before February 1. Any employee who fails to notify the system of their intent to retire on or before February 1 must meet with the superintendent to discuss their service time. A retired employee who meets the requirement of age and has between 10 and 19 years in the Xxxxxxxx County School System is entitled to this benefit but must pay 40% of the current health insurance cost per month. For employees who retire after June 30, 2002 the individual health insurance program available for retirees shall be the same as that available for active employees, including the terms, conditions, benefit structure and employee contribution.
Health Insurance for Retired Employees. A) In order to be eligible for the benefit provided herein, the employee must have the following:
