Retiree Medical Insurance Coverage. A. Effective Date - The provisions of this Section shall be effective on April 1, 2019 for all employees who retire on or after that date, subject to the eligibility provisions listed below.
Retiree Medical Insurance Coverage. If upon your retirement from Horizon, Alaska Airlines is offering retiree medical insurance to similarly situated employees, Horizon agrees to provide medical insurance until the age at which a similarly situated Alaska Airlines employee would have received retiree medical insurance. Please sign this letter and the other two originals confirming your agreement with the terms outlined above, retain one of the three originals for your files and return the two other signed originals to Xxxxx Xxxxxxxx.
Retiree Medical Insurance Coverage. Health Insurance for retirees is set forth in the Pension Plan.
Retiree Medical Insurance Coverage. For employees retiring on or after July 1, 2019: For employees retiring who were hired before July 1, 2007, at the regular or early retirement age of sixty-two (62) with at least fifteen (15) years of service, the Town shall continue to assume 100% of the cost of the individual health insurance premium plus $1000.00 in lieu of the employer’s HSA contribution, until such time the employee is eligible for Medicare at age sixty-five (65). The employer’s contribution shall be paid within the same timeframe as the employer’s HSA contribution payments to current employees. If they retire on or after July 1, 2011, under the Plan with at least twenty-five (25) years or more of credited service, they may elect to continue Town provided medical and major medical insurance coverages in effect after retirement for his/her eligible dependents, with the Town paying one-half (50%) of the cost of the dependent’s premium plus $500.00 in lieu of the employer’s HSA contribution and the Retiree’s the remaining cost. The employer’s contribution shall be paid within the same timeframe as the employer’s HSA contribution payments to current employees.
Retiree Medical Insurance Coverage. For employees retiring before July 1, 2019: For employees retiring who were hired before July 1, 2007, at the regular or early retirement age of sixty-two (62) with at least fifteen (15) years of service, the Town shall continue to assume 100% of the cost of the individual health insurance coverage until such time the employee is eligible for Medicare at age sixty-five (65). If they retire on or after July 1, 2011, under the Plan with at least twenty-five (25) years or more of credited service, they may elect to continue Town provided medical and major medical insurance coverages in effect after retirement for his/her eligible dependents, with the Town paying one-half (50%) of the cost of the dependent coverage and the Retiree the remaining cost. For employees retiring on or after July 1, 2019: For employees retiring who were hired before July 1, 2007, at the regular or early retirement age of sixty-two (62) with at least fifteen (15) years of service, the Town shall continue to assume 100% of the cost of the individual health insurance premium plus $1000.00 in lieu of the employer’s HSA contribution, until such time the employee is eligible for Medicare at age sixty-five (65). The employer’s contribution shall be paid within the same timeframe as the employer’s HSA contribution payments to current employees. If they retire on or after July 1, 2011, under the Plan with at least twenty-five (25) years or more of credited service, they may elect to continue Town provided medical and major medical insurance coverages in effect after retirement for his/her eligible dependents, with the Town paying one-half (50%) of the cost of the dependent’s premium plus $500.00 in lieu of the employer’s HSA contribution and the Retiree’s the remaining cost. The employer’s contribution shall be paid within the same timeframe as the employer’s HSA contribution payments to current employees.
Retiree Medical Insurance Coverage. Employees who retire directly from active District employment on or after July 1, 1985, under the Public Employee’s Retirement System, and are between the ages of 55 and 64 upon retirement, and after completing a minimum of fifteen (15) consecutive years of District service shall be eligible to receive a District contribution of $200.00 per month toward payment of the medical benefit plan. Such contribution shall be made for each eligible employee who elects to participate in the above plan. Employees who elect to avail themselves of the medical insurance coverage shall receive the benefit from age 55 through 64, if retired under the Public Employee’s Retirement System. Employees hired after December 31, 2013 will not be eligible for this benefit.
