Retiree Health. The Town provides retiree health benefits in accordance with the PEMHCA for employees who qualify as eligible PERS retirees who receive a PERS retirement allowance and are PEMHCA annuitants entitled to such benefits under the PEMHCA. Beginning October 1, 2018, the Town will pay a maximum contribution of $133 per month to CalPERS for each eligible annuitant towards the purchase of medical insurance. Beginning January 1, 2019, tThe Town’s maximum monthly contribution for each eligible annuitant shall be equal to the minimum employer contribution required under the PEMHCA, currently $149 per month, as may be adjusted by CalPERS from year to year. The provisions of PEMHCA will govern medical insurance coverage for annuitants.
Retiree Health. Employees retiring, who have been employed for 15 years 27 by the Board and who are either at least 55 years of age or qualify for a disability 28 pension, shall be allowed to continue in the health plan of their choice on a self-paid 29 basis. 31 If the employees described above have 70 percent or more of the maximum allowable 32 full-day accumulation of sick leave, they shall be allowed to continue in the PPO 33 indemnity health plan or the HMO/EPO plan with the Board paying its share of the 34 premium at the rate in existence for the PPO indemnity health plan at the time of 35 retirement. 37 Board-paid contribution is the Board contribution in effect at time of retirement for the 38 PPO indemnity health plan. 1 Those employees retiring at the end of their regularly scheduled work year shall be 2 allowed to continue in the PPO indemnity health plan or the HMO/EPO plan with the 3 Board paying its share of the full premium at the rate in existence for the PPO 4 indemnity health plan on either June 30 or July 1, whichever is higher, provided such 5 employee has submitted his/her written resignation on or before March 1. 7 All half-day balances will be converted into full-day equivalents in making the 70 8 percent determination. In the event of the death of such retired employee, the spouse of 9 such employee, at the time of retirement, shall be allowed to continue in a single plan of 10 his/her choice with the Board paying its share of the full premium at the single rate for 11 the PPO indemnity health plan in existence at the time of the deceased retiree's 12 retirement. If such retired employee did not have the required accumulation of sick 13 leave, at the death of the employee, the spouse shall be allowed to continue in a single 14 health plan of his/her choice on a self-paid basis. Such surviving spouse shall not be 15 eligible for coverage if otherwise covered because he/she remarries or is employed and 16 is covered by another group health insurance plan or HMO/EPO. 18 Those employees who retire prior to age 65 shall have their health plan premiums paid 19 to the extent that such premiums do not exceed the amount of the Board's portion of the 20 group rate paid for the employee enrolled in the PPO indemnity health plan (as 21 applicable) at the time of retirement. When the retiree attains age 65, he/she shall 22 receive the Medicare Carveout Plan with the premium paid by the Board and the 23 Medicare "B" premium paid to the employee by the Board, pro...
Retiree Health. Notwithstanding whether Separation occurs on or prior to April 4, 2008 and Section 21 hereof, upon termination of employment at any time for any reason other than Cause, Executive shall be entitled to access to retiree health coverage from Metavante Technologies, if any, on the same terms and conditions as if Executive had satisfied the minimum age and service conditions for such coverage as of the Effective Date, provided however, that Executive shall pay the entire premium (including any administrative costs) for such coverage unless Executive qualifies for a subsidy based on his actual age and actual service with Metavante Technologies, it being understood that this Section 9(c) shall cease to apply in the event that Metavante Technologies no longer provides such coverage.
Retiree Health. The County and the Union agree to establish a VEBA or Retirement Medical Trust by January 1, 2007, or as soon as possible thereafter.
Retiree Health i. For the period July 1, 2019 to June 30, 2020 only, bargaining unit members who notify the district by April 1, 2020 of his/her intent to retire, shall be permitted access to the District’s health insurance plan as it exists for bargaining unit members. Upon retirement, the District shall pay 55% of the premium for a single plan with the retiree paying the remaining costs until age 65. The parties agree to adhere to the rules of the health insurance provider. For the purposes of this section of the Agreement, a ‘retiree’ shall be defined as an employee who is at least sixty (60) years of age at the time of retirement and has provided fifteen (15) or more years of continuous service in the bargaining unit immediately prior to retirement. The bargaining unit members must be in good standing and satisfied the terms of their contact.
Retiree Health. Section 1. If this Article is declared by a court of competent jurisdiction to be unenforceable, the monies specified herein will be used for a purpose that benefits the bargaining unit and that is mutually approved by the Union and the City.
Retiree Health. Retiree benefits shall be provided subject to modification through the collective bargaining process at the end of this term, as follows:
Retiree Health. The Company does not maintain any plan or -------------- arrangement that provides post retirement medical benefits, post retirement death benefits or other post retirement welfare benefits, other than to the extent required by Part 6 of Title I of ERISA.
Retiree Health. A. Health coverage made available from early retirement (age 55 or later) until attainment of age 65 ("bridge" to Medicare eligibility), applicable to bargaining unit members only.
Retiree Health. The Town provides retiree health benefits in accordance with the PEMHCA for employees who qualify as eligible PERS retirees who receive a PERS retirement allowance and are PEMHCA annuitants entitled to such benefits under the PEMHCA. The Town’s maximum monthly contribution for each eligible annuitant shall be equal to the minimum employer contribution required under the PEMHCA, currently $149 per month, as may be adjusted by CalPERS from year to year. The provisions of PEMHCA will govern medical insurance coverage for annuitants.
