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i. Voluntary separation of service (cannot be in lieu of <br />termination or while under investigation) <br />ii. Must have a minimum of fifteen (15) years of service with <br />.the City and be in a charter officer position upon separation <br />All other terms and conditions set forth herein remain in full force and effect. <br />c. The benefits continued under retiree coverage include the same health, <br />prescription, vision and dental coverage that the employee received as <br />an active participant in the Plan. <br />2) Procedure: <br />a. Upon retirement, the Human Resources Department will notify the <br />employee of the option to continue the health benefits. Employees <br />wishing to continue coverage as a Retiree must elect the coverage <br />within 60 days. The City utilizes a third party administrator for election <br />notifications and payment administration. Coverage through the active <br />group terminates the end of the month in which the employee retires, <br />providing premiums are paid in full. Coverage as a Retiree begins the <br />first of the month following retirement, providing payment is received. <br />The option to enroll in the City's health insurance plan upon retirement <br />is a one-time option, which must be exercised on or before the last day <br />of employment with the City. <br />b. The Retiree must pay a monthly Retiree contribution rate applicable to <br />the covered class (i.e., employee, employee plus spouse, employee <br />plus children, or family) elected for continuation. The retiree contribution <br />rate is established at 100% of the determined costs for the class of <br />coverage elected, and is assessed annually for rate adjustments each <br />March 1. The City will not pay the costs, or a.portion thereof, of any such <br />continuation coverage for its Retirees and eligible dependents. <br />c. Once the City's health plan coverage for employees and their <br />dependents with Medicare changes to Retiree coverage, the Medicare <br />coverage will generally become primary and the City's health pian <br />coverage will become secondary to the Medicare coverage. <br />d. Retiree health insurance payments are due on the first day of each <br />month of continuation coverage. A grace period of 30 days after the first <br />day of the month will be given to make each monthly payment: <br />Continuation coverage will be provided for each month as long as <br />CODING: Words striGken are deletions, words underlined are additions. <br />503-1 Retirement Benefits -DRAFT 01172018sem <br />Page 4 of 6 <br />254 <br />367 <br />