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2 <br />El <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />B. The retiree may use the allotted dollar amount to purchase medical <br />insurance for himself or herself and their legal dependents. The percentage is based on the <br />monthly Cafeteria Plan allowance for active city employees. The dollar amount may fluctuate <br />in future years based on the Cafeteria Plan allowance determined by City Council. However, <br />the dollar amount will never go below the amount the employee will receive when he/she <br />retires. <br />C. EMPLOYEES HIRED ON OR AFTER OCTOBER 2017 <br />Employees in this unit hired on or after October 1, 2017, the City's contribution for Retiree <br />Health Insurance shall be capped at $500 per month. <br />D. In the event the retiree and/or dependent premium exceed the <br />Allowance amount per the above schedule/formula, the retiree shall be billed for and must pay <br />the excess/difference on a monthly basis. If the retiree fails to remit payment within 60 days <br />after the billing date, enrollment in the city's plan shall be permanently cancelled for the <br />retiree and any related spouse and dependents. <br />E. In the event the retiree moves out of state to an area where the city's <br />Health insurance carriers do not provide coverage, the retiree must show proof of health <br />insurance coverage and payment of monthly premiums before reimbursement, subject to the <br />aforementioned formula limits. <br />F. If the premium cost is less than the amount allocated by the formula, <br />the retiree does not receive the difference. Additionally, there is no opt -out money paid to the <br />retiree. <br />G. In the event that the city reduces the cafeteria plan allowance, retirees <br />will not receive an amount of premium dollars that is less than their allowance at the time of <br />the reduction. <br />H. The retiree will provide the city with all documentation required for <br />any qualifying event, in a timely manner, but never beyond thirty (30) days of said event. <br />I. Surviving Shouse and Dependent Coverage in the Event of Death of the <br />Retiree. In the event of the death of the retiree who is survived by a spouse or legal <br />dependent, enrolled in a city health insurance plan at the time of the retiree's death, the city <br />shall continue to provide health coverage subject to the aforementioned schedule/formula, <br />subject to other terms and conditions that apply to the Medicare age excess billing, relocation, <br />premiums, etc. <br />Dependents are defined as spouse and/or any qualified legal dependent. <br />Section 5. Retirement — Social Security. In the event the City and its employees <br />are required to participate in the Federal Social Security Program, the contribution designated <br />by law to be the responsibility of the employee shall be paid in full by the employee and the <br />City shall not be obligated to pay or "pick up" any portion thereof. <br />Resolution No. R-40-19 <br />Page 6 of 15 <br />