Current. The City shall pay 100% of the individual employee monthly premiums and 75% of the retiree’s dependent coverage for employees who retired directly from the City with an unreduced pension and retired prior to or on May 31, 2013. Employees who are hired prior to December 22, 2015, upon direct retirement with an unreduced pension, the City will pay 85% of the total monthly insurance premium regardless of plan or tier (employee, child(ren), spouse or family) coverage. The employee will pay 15% of the total monthly insurance premium. Employees who are hired on or after December 22, 2015, upon direct retirement with an unreduced pension, the City will pay 80% of the total monthly individual insurance premium. The City will not contribute towards dependent coverage. The employee/retiree will have the option to purchase dependent coverage under the City’s group rate plan at full cost to the employee/retiree. The City of Dover’s General Employee Pension Plan ordinance as stated on July 1, 2007 shall determine retirement eligibility and qualifications for a reduced or unreduced pension for all employees who occupy a position that the DOE represents, regardless of the employee’s pension plan membership (Defined Benefit or Defined Contribution). “Retire directly from the City” shall be defined as no lapses in last date of employment and first date of retirement eligibility whether on such date employee is active or inactive. (Inactive defined as approved leave of absence or terminal leave.) Employees not eligible for health care upon retirement shall be given the opportunity to purchase health care at the City’s group rates. If any reduction is made in the active employee’s cost-sharing formula as described above, the City will give consideration to an identical change for existing retirees.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement