Common use of Post Retirement Health Coverage Clause in Contracts

Post Retirement Health Coverage. Effective January 1, 1998, employees who qualify for retirement under their pension plan, and who have twenty-five (25) or more years of credited service with ▇▇▇▇▇▇ Permanente, are eligible to receive post-retirement health coverage. The coverage will commence at age 65 or upon retirement, whichever is later. The Employer will pay $65 per month toward the cost of coverage which is supplemental to Medicare. The retiree must obtain and retain Medicare Part B coverage at his/her own expense.

Post Retirement Health Coverage. Effective January 1, 1998, employees who qualify for retirement under their pension plan, and who have twenty-five (25) or more years of credited service with ▇▇▇▇▇▇ Permanente, are eligible to receive post-retirement health coverage. The coverage will commence at age 65 or upon retirement, whichever is later. The Employer will pay $65 per month toward the cost of coverage which is supplemental to Medicare. The retiree must obtain and retain Medicare Part B coverage at his/her own expense.is