Common use of RETIREES’ COVERAGE Clause in Contracts

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.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

RETIREES’ COVERAGE. The Employer shall provide medical coverage through insurance or a self- 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 Employer’s group health insurance program, but cost for coverage for any retiree's ’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 21September 14, 2010 : 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 coverage above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter the execution of the contractafter11/1/14, the County shall provide a Voluntary Employee Benefit Association (VEBA) type plan, whereby the County would will contribute 3% of gross wages. The Retiremen t Health Care Plan to be offered is Blue Cross Blue Shield 2 PRgross.

Appears in 1 contract

Samples: Agreement

RETIREES’ COVERAGE. The Employer shall provide medical and dental coverage through insurance or a self- self-funded plan to for 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 ’s group health insurance programprograms, but the cost for coverage for any retiree's ’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 contributioncontribution into the account, 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, 19941994 and before October 26, 2010. Years of Continuous Service Percentage of Individual Retirees 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 cost of individual retiree coverage above the percentage shown on the schedule shall be paid by 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 December 21October 26, 2010 : and before November 1, 2014. Years of Continuous Service Percentage of Individual Retirees 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 Section 26.7 Vision Coverage Effective upon execution of the contract, contract and open enrollment period the County shall agrees to provide a Voluntary Employee Benefit Association (VEBA) type plan, whereby Vision Coverage to all permanent employees with an employee contribution of 15% of the monthly premium equivalent for the employee and applicable dependents. The contribution amount will be paid to the County would contribute 3% of gross wages. The Retiremen t Health Care Plan to be offered by the employee via payroll deductions, which deduction is Blue Cross Blue Shield 2 PRhereby authorized by this agreement.

Appears in 1 contract

Samples: Agreement

RETIREES’ COVERAGE. The Employer shall provide medical coverage through insurance or a self- 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 10 14 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 's coverage based on the following schedule for all bargaining unit employees hired on or after December 21September 28, 2010 : 2010. Years of Continuous Service Percentage of Individual Retirees 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 coverage above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter after 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.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

RETIREES’ COVERAGE. The Employer shall provide medical and dental coverage through insurance or a self- self-funded plan to individuals hired prior to November 1August 21, 2014 2007 and who are vested under the MERS plan by meeting age and service requirements, 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' retiree's dependents will be allowed to participate in the County's group health insurance program, programs but the 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 contributioncontribution into the account, 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 1August 11, 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 coverage above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter after the execution date of the contract, August 21, 2007, and implementation of the plan by the vendor, the County shall will provide a Voluntary Employee Benefit Association (VEBA) type plan, whereby the County would contribute 32% of gross wages. The Retiremen t Health Care Plan to be offered is Blue Cross Blue Shield 2 PR.

Appears in 1 contract

Samples: Agreement

RETIREES’ COVERAGE. The Employer shall provide medical and dental coverage through insurance or a self- 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' retiree's dependents will be allowed to participate in the County's group health insurance program, 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 paired with a qualified high deductible plan, with no further employer contributioncontribution into the account, 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 's coverage based on the following schedule for all bargaining unit employees hired on or after December 217, 2010 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 coverage above the percentage shown on the schedule shall be paid by the retiree. For employees hired on or a fter after 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.

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.