Retiree Healthcare. 15.1 The City and Association agree that they must address a number of issues regarding the retiree healthcare benefit. For this reason, the retiree healthcare benefit is subject to the reopener in Subsection 4.1.3 of this Agreement, and the parties intend to continue negotiating and working together to address these issues. This provision reflects the current status of the retiree healthcare benefit pending an interim and/or long term resolution of the issues.
Retiree Healthcare. Employees in Tier 1, that are employed by the City at the time of retirement, will be eligible to elect to participate in the City’s blended healthcare rates during the term of this MOU.
Retiree Healthcare. The Town shall pay 75% of premium plus an amount equal to the Town’s HDHP deductible contribution of $1,000 for single and $2,000 for two person/family or 10% of premium whichever is greater.
Retiree Healthcare. The City shall continue to make health insurance available to retirees, at the retirees’ expense. The premium charged to retirees shall be no greater than the full amount of the premium (total amount of employer and employee contributions) charged for active employees at the same coverage levels plus the 2% administrative fee.
Retiree Healthcare. All employees hired after 3/11/2002 will be eligible for a healthcare spending account after attaining age 55 with at least 25 years of service. Improved eligibility at age 55 with at least 25 years of service with company credits based on the agreed upon schedule, for all employees hired prior to 3/12/2002.
Retiree Healthcare. The City will continue to offer a blended healthcare rate for employees hired in Tier 1 as defined in 2.13 above. The City will no longer provide for subsidized retiree health care rates by offering a blended healthcare rate for employees hired in CalPERS retirement Tier 2 or Tier 3 as defined in 2.13 above. WCE agrees to the elimination of blended healthcare rates for WCE-represented employees in Tier 1 at the earliest time all bargaining groups agree to elimination of the blended Healthcare rates. This date shall be no sooner than July 1, 2020.
Retiree Healthcare. Effective January 1, 2010, the retiree healthcare credit will increase from $16 to $20, as described in Article XV “BENEFITS” subparagraph E (Company will continue to pay $43.68 towards medical coverage as described in subparagraph F). • The company’s cost of coverage for prescription drugs will be capped at $425.00 per covered life per month as described in Article XV “BENEFITS” subparagraph F.
Retiree Healthcare. A. To be eligible for retiree healthcare an individual must be age fifty (50} with twenty- five (25) years of service with the City of Eastpointe. This is actual service credit.
Retiree Healthcare. Employees may be eligible to receive retiree healthcare benefits, in accordance with the City’s Municipal Code. Effective June 28, 2009, the City and employees in the Federated City Employees’ Retirement System began transitioning from the current partial prefunding of retiree healthcare benefits to full prefunding of the Annual Required Contribution (ARC) over a period of five years. The Federated Plan’s initial unfunded retiree healthcare liability shall be fully amortized over a thirtyyear period so that it shall be paid by June 30, 2039 (closed amortization). The cash contribution rate for plan members shall not have an incremental increase of more than 0.75% of pensionable pay in each fiscal year and the City cash contribution rate shall not have an incremental increase of more than 0.75% of pensionable pay in each fiscal year. Notwithstanding the limitations on the incremental increases, by the end of the five year phasein, the City and plan members shall be contributing the full Annual Required Contribution in the ratio currently provided under Section 3.28.380 (C) (1) and (3) of the San Xxxx Municipal Code. The City and Association will continue negotiations on Retiree Healthcare during the term of this Agreement.
Retiree Healthcare. A. Medical, dental, and vision coverage will be made available to all retirees, their spouse at the time of retirement, and any eligible dependents at the time of retirement.
