Common use of HOSPITALIZATION COVERAGE Clause in Contracts

HOSPITALIZATION COVERAGE. A. Employees who have retired since January 1, 1971, have met the vesting requirements with ▇▇▇▇▇▇ County service only, and are immediately eligible for retirement benefits as provided in the above plan, shall be provided single subscriber health and hospitalization coverage supplementing Medicare. B. Employees who retire after January 1, 1992, have met the vesting requirements with ▇▇▇▇▇▇ County service only, and are immediately eligible for retirement benefits shall be provided single subscriber health and hospitalization coverage. Retirees shall receive the same health coverage options as active employees, if available, with a benchmark as set forth in Article 24, including the increase in the benchmark will be shared 50/50 by the Employer and the retiree on a monthly basis. Retirees can pay for their spouse's coverage under the conditions established by the County. If a coverage is no longer available, the retiree must select from what is available and pay the difference in cost, if any. C. In the event a retiree wishes to cover his or her spouse, he/she do so by prepaying the County the difference between the applicable two-person rate and the appropriate benchmark amount.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement