Health Insurance Upon Retirement. Effective July 1, 2006, the City agrees to pay one hundred percent (100%) of the health and life insurance premium for the employee-only coverage category for any employee who retires or sixty percent (60%) of the total group health, accident and life insurance premium for the same coverage that an employee had at the time of retirement. To qualify, the employee must be eligible to retire, must immediately go from City of Reno employment into PERS retirement status and must receive retirement benefits under PERS. This benefit shall continue so long as the retiree remains in the City's group health insurance program and until the retiree is eligible for federal benefits under Medicare or other federal programs or reaches age sixty-five (65), whichever occurs first. It is the intent of the parties throughout this Article that if the minimum age for Medicare eligibility is raised above age sixty-five (65), and the individual retiree is affected by that change, then the age sixty-five (65) limit will not apply to that retiree. The City shall have the right to alter the plans and benefit schedules available to such retirees in accordance with changes implemented under the City's health and life insurance program for active employees. This benefit will not apply to employees hired on or after December 1, 2014. However, any City employee who is promoted/placed into the RAPG Admin represented unit after July 1, 2013, who is not eligible for a retiree medical benefit pursuant to the appropriate Collective Bargaining Agreement or Resolution adopting benefits and/or wages under which they have been employed by the City between July 1, 2013 and the date they are placed in the RAPG Admin Unit, shall not be eligible for a retiree medical benefit under this Article 12.
Health Insurance Upon Retirement. Therapists, upon retirement, will pay the portion of his/her health insurance premium in the same percentage as was paid for their plan at the date of retirement plus 65% of their dependent’s coverage. This is contingent upon twelve (12) years of continuous service with the District. Retirees with less than twelve (12) years of service and therefore ineligible for this retirement benefit may continue with the District’s group plan by paying the full premium pursuant to COBRA. (Retirement means eligible for and participating in the New York State Employees’ Retirement System.) Therapists will be eligible for individual plan at retirement which plan shall consist of the base plan in effect at the time or as may later be changed by the District.
Health Insurance Upon Retirement. Therapists, upon retirement, will pay the portion of his/her health insurance premium in the same fixed dollar amount as was paid for an individual plan at the date of retirement, contingent upon twelve (12) years of service with the District. Retirees with less then twelve
Health Insurance Upon Retirement. Effective July 1, 2002, the City agrees to pay one hundred percent (100%) of the health and life insurance premium for the employee only coverage category for any employee who retires and who has either thirty (30) or more years of full-time continuous, regular service with the City of Reno, or twenty-five (25) or more full-time years of continuous, regular service with the City of Reno, plus five (5) years of additional PERS credit, and eighty-five percent (85%) for twenty-five (25) or more years under the same conditions. To qualify, the employee must be eligible to retire, must immediately go from City of Reno employment into PERS retirement status and must receive retirement benefits under PERS. This benefit shall continue so long as the retiree remains in the City’s group health insurance program and until the retiree is eligible for federal benefits under Medicare or other federal programs or reaches age sixty-five (65), whichever occurs first. It is the intent of the parties throughout this Article that if the minimum age for Medicare eligibility is raised above age sixty-five (65), and the individual retiree is affected by that change, then the age sixty-five (65) limit will not apply to that retiree. The City shall have the right to alter the plans and benefit schedules available to such retirees in accordance with changes implemented under the City’s health and life insurance program for active employees. Effective July 1, 2002, the City agrees to pay seventy-five percent (75%) of the health and life insurance premium for the employee only coverage category for any employee who retires and who has either twenty (20) or more years of full-time continuous, regular service with the City of Reno, or fifteen (15) or more full-time years of continuous, regular service with the City of Reno, plus five (5) years of additional PERS credit. To qualify the employee must be eligible to retire, must immediately go from City of Reno employment into PERS retirement status, and must receive retirement benefits under PERS. This benefit shall continue so long as the retiree remains in the City’s group health insurance program and until the retiree is eligible for federal benefits under Medicare or other federal programs or reaches age sixty-five (65), whichever occurs first. The City shall have the right to alter the plans and benefit schedules available to such retirees in accordance with changes implemented under the City’s health and life insurance program for ...
Health Insurance Upon Retirement. Police officers hired before January 1, 2017 who retire after ratification of this Agreement with a New York State service or disability pension, prior to reaching age sixty-five (65), shall have the option of participating in the Blue Cross and Blue Shield Select (POS) 201 Plan provided for in this Agreement at no cost to that retiree. Police officers hired on or after January 1, 2017 who retire after ratification of this Agreement with a New York State service or disability pension, prior to reaching age sixty-five (65), shall have the option of participating in the Blue Cross and Blue Shield Select (POS) 201 Plan provided for in this Agreement provided, however, that any such police officer shall be required to annually contribute to the cost of such coverage, upon retirement, an amount equal to the amount such officer contributed annually to the cost of said officer's health insurance in his/her first year of employment. Any officer shall have the option of participating in Blue Cross and Blue Shield Traditional Select coverage (with the Town funding an IRC 105 (h) plan for those retirees choosing traditional coverage in the annual amount of $1,500.00 for family coverage and $750.00 for single coverage [prorated for partial years]) or a Preferred Provider Organization (PPO) Plan and shall pay one hundred percent (100%) of the difference in cost between the premium for Blue Cross and Blue Shield or PPO Plan and the premium for the POS Plan. Police officers hired on or after January 1, 2017 who retire after ratification of this Agreement with a New York State service or disability pension, prior to reaching age sixty-five (65), shall have the option of participating in the Blue Cross and Blue Shield Traditional Select coverage (with the Town funding an IRC 105 (h) plan for those retirees choosing traditional coverage in the annual amount of $1,500.00 for family coverage and $750.00 for single coverage [prorated for partial years]) or a Preferred Provider Organization (PPO) Plan and shall be required to annually contribute to the cost of such coverage, upon retirement, an amount equal to the amount such officer contributed annually to the cost of said officer's health insurance in his/her first year of employment. It is understood that there will be a three (3)-tier prescription co-payment for retiree coverage under all available plans for retirees prior to age 65 years, with a $5 co-payment for generic drugs. For retirees under age sixty-five (65) years,...
Health Insurance Upon Retirement. Effective July 1, 2002, the City agrees to pay one hundred percent (100%) of the health and life insurance premium for the employee only coverage category for any employee who retires and who has either thirty (30) or more years of full-time continuous, regular service with the City of Reno, or twenty-five (25) or more full-time years of continuous, regular service with the City of Reno, plus up to five
Health Insurance Upon Retirement. An administrator retiring from service, who is a member of the Health Insurance Plan, may continue the health benefit coverage into retirement at the active employee rate in effect at the time of retirement, if the administrator has served a minimum of ten (10) consecutive years within the district. If a break in service occurs, then an employee will need a total of fifteen (15) years with the district. Any leave of absence granted by the District shall not serve as a break in service however; only paid leaves shall continue to accrue time toward this service credit. Any unpaid leave, while not creating a break in service, however, shall not count as accrued time toward service credit. A break in service shall occur when an employee terminates by either resigning, discharge or other action which removes them from maintaining an employment status with the District. Furthermore, such employees must actually qualify for and retire under the provisions of the New York State Teachers Retirement System or the New York State Employees Retirement System.
Health Insurance Upon Retirement. Effective July 1,1977, the Employer shall continue to pay individual and family coverage for the employee with ten years of seniority upon his /her retirement under the New York State Retirement System until such employee dies. This coverage shall be subject to the Agreement applicable at the time of retirement. Employees hired after March 9, 1977, shall be required to possess 15 years of seniority to qualify for this benefit. Employees hired after November 9, 1995, shall be required to possess 20 years of seniority to qualify for this benefit. The employee's contribution rate during retirement will be the amount shown in the Agreement, as in effect for the year in which retirement occurs. When a retiree has reached sixty-five (65) years of age, and is eligible for Medicare, he/she is obligated to apply for Medicare Parts A & B. The cost of the Medicare Part B premium, shall be borne by the retiree. The Cattaraugus County Health
Health Insurance Upon Retirement. Certain Minnesota statutes provide for employee participation in Employer-sponsored health plans after retirement. Such statutes apply to the Employer and its employees. At the time this Agreement was made, eligible employees could elect to purchase, at their expense upon retirement, individual or dependent hospital, medical and dental coverages at the same premium rates and under the same conditions as active employees to age 65. Such statutes also provide for participation by surviving spouses of employees under certain circumstances and for participation after age 65 at rates and under conditions different than those which apply to active employees. Eligibility for such participation requires 1) the existence of a fully vested benefit under the Employer's retirement plan and 2) the attainment of age fifty-five (55) years.
Health Insurance Upon Retirement. Upon retirement from the District, with at least ten years of service with the district, the district contribution for health insurance premium payments for retirees shall be at the same percentage of District contribution in effect for the retiring employee as of the date of retirement. For family coverage, the District contribution for health insurance premium payments for retirees shall be 50% of the difference between the individual and family premium.
