Common use of Retired Employee Options Clause in Contracts

Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s PERS medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees’ Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty ($160) retiree contribution.

Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s PERS medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with the Public Employees’ ' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.

Retired Employee Options. City agrees to pay one hundred sixty dollars ($160) per month of a qualified retiree’s PERS medical premium in accordance with PERS regulations. Employees who retire under the provisions of the City’s retirement contract with contractwith the Public Employees’ ' Retirement System (PERS) may continue to insure themselves and their insured dependents for the health benefit portion of the health plan through a direct pension reduction to cover the portion of the retired employees’ premium not paid by the City’s one hundred sixty dollars ($160) retiree contribution.