RETIREES’ COVERAGE a. Members of the bargaining unit who retire during the term of the Agreement and who have a combination of at least 20 years of full and part-time service at the Xxxxxxx Community College District shall be permitted to continue with the District’s health plan with premiums to be paid by the District, in an amount not to exceed the maximum District contribution for full-time teachers in each fiscal year of the Agreement. Each retiree must apply for Medicare and/or MediCal when he/she becomes eligible for such coverage and such coverage shall be the primary insurance. This section shall not be applicable to unit members hired on or June 30, 2014.
RETIREES’ COVERAGE. The Employer shall provide medical coverage through insurance or a self- funded plan to individuals hired prior to November 1, 2014 and who are vested under the MERS plan by meeting age and service requirements, and for individuals who apply to MERS for disability retirement before separation, or within 30 calendar days of their separation from County employment and said application is subsequently approved by MERS. The insurance will become effective at the time the individual begins collecting his/her pension check from MERS. In addition, active retirees' dependents will be allowed to participate in the County's group health insurance program, but cost for coverage for any retiree's dependents shall be paid by the retiree. The eligible retiree will have the choice between the Healthcare Savings Account (HSA) plan, with no further employer contribution, or the High Deductible (HD) plan. Only employees employed in the Sheriff Command bargaining unit on October 1, 2018 and who retire under this agreement shall have the additional option of enrolling in what is currently referred to as the 2P health insurance plan. The parties agree that the medical coverage for eligible retirees is valid on a primary basis until the retiree is eligible for Medicare and on a supplemental basis, via a Medicare Advantage plan, thereafter; for the lifetime of the retiree. The County will pay for individual retiree's coverage based on the following schedule for all bargaining unit employees hired on or after January 1, 1994. Years of Continuous Service at Date of Retirement Percentage of Individual Retirees Coverage Paid by County 10 40 11 44 12 48 13 52 14 56 15 60 16 64 17 68 18 72 19 76 20 80 21 84 22 88 23 92 24 96 25 100 The County will pay for individual retiree’s coverage based on the following schedule for all bargaining unit employees hired on or after December 21, 2010 : Years of Continuous Service at Date of Retirement Percentage of Individual Retirees Coverage Paid by County 15 40 16 44 17 48 18 52 19 56 20 60 21 64 22 68 23 72 24 76 25 80 26 84 27 88 28 92 29 96 30 100 The cost of individual retiree cover age above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter the execution of the contract, the County shall provide a Voluntary Employee Benefit Association (VEBA) type plan, whereby the County would contribute 3% of gross wages. The Retiremen t Health Care Plan to be offered is Blue Cross Blue Shield 2 PR.
RETIREES’ COVERAGE a. Members of the bargaining unit who retire during the term of the Agreement and who have a combination of at least 20 years of full and part-time service at the Xxxxxxx Community College District shall be permitted to continue with the District’s health plan with premiums to be paid by the District, in an amount not to exceed the maximum District contribution for full-time teachers in each fiscal year of the Agreement. Each retiree shall apply for Medicare and/or MediCal when he/she becomes eligible for such coverage, and such coverage shall be the primary insurance.
RETIREES’ COVERAGE. Employees who retire under the Michigan Public Schools Employees' Retirement Act at the age of fifty-five (55) or thereafter, will have $3,000 of Group Life continued to age sixty-five (65) on his/her life (Accidental Death and Dismemberment will be discontinued) at no cost to the employee. The retiree may convert coverage to an individual policy at the retiree’s expense.
RETIREES’ COVERAGE. Upon and throughout a teacher’s retirement, the District shall pay the same percentage of the premium equivalent for the plan as it pays for the active employees (said amount shall be pro-rated for retirees who retire from a part-time position). A teacher shall be deemed to have retired on a full-time basis if, in the ten (10) years prior to retirement, at least five (5) were full-time.
RETIREES’ COVERAGE. Retirees shall have the option to continue coverage under the TMCSEA’s policy through the final day of the last payroll for the year. Non-certified retirees thereafter may continue in the health insurance plans, subject to carrier availability, at the individual’s expense.
RETIREES’ COVERAGE. Retirees who request either medical or dental coverage under the plans as provided under this contract, may obtain said coverage under the group rate by notifying the Business Manager of their desire to be covered and by forwarding the necessary payment to the Business Manager. All medical coverages for retirees are to be at no cost to the District. This coverage option shall terminate when party qualifies for Medicare-Medicaid insurance.
RETIREES’ COVERAGE. 5.1.3.1. For County retirees, who retire from County service with fifteen (15) years of total County service as a permanent employee, of which five (5) years must be continuously served immediately prior to retiring, who participate in the County’s retiree insurance program, the County shall pay a monthly stipend to the retiree which is equivalent to 50% of the group health insurance medical premium for active employees with employee-only coverage under the same health plan. Such stipend shall be discontinued once the employee reaches sixty-five (65) years of age or is eligible for Medicare coverage. For those retirees who retire from County with twenty (20) years of total County service as a permanent employee, of which five (5) years must be continuously served immediately prior to retiring, who participate in the County’s retiree insurance program, the County shall pay a monthly stipend to the retiree which is equivalent to 75% of the group health insurance medical premium for active employees with employee-only coverage under the same health plan. Such stipend shall be discontinued once the employee reaches sixty-five (65) years of age or is eligible for Medicare coverage.
RETIREES’ COVERAGE. A. Those individuals, hired before July 1, 2012, who retiree during the period of this Agreement, April 1, 2011 to June 30, 2016, shall be covered with the same health insurance plan as provided to active employees. At the time of retirement, i.e. thru the appropriate New York State Retirement System, the percentage of contribution the employee was making for their health/hospitalization plan, immediately prior to the effective date of their retirement, will be converted to a dollar amount. Said amount will be the dollar amount the employee shall pay to continue insurance coverage into retirement until he/she reaches the age of sixty- five (65), at which time, he/she will no longer be eligible to continue under the City’s health/hospitalization plans. The retiree shall make quarterly payments to the City, failure to pay within thirty (30) calendar days of when payment is due the City can terminate the retirees insurance eligibility. Upon reaching the age of sixty-five, the retiree shall receive an annual two thousand dollars and no cents ($2,000.00) to help off- set the cost of medi-gap insurance. In order to receive said amount the retiree must provide to the City proof of insurance coverage.
RETIREES’ COVERAGE a) The District shall pay premiums for medical and dental insurance detailed in Appendix C for eligible retired employees who have completed ten (10) years of service in the District as permanent classified employees.*
