01-13-1986 - Agenda Packet City Council - city council (4)

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1 2186. 4 COUNCIL WETING TO: Mayor and City Council rOOF 7'1986 FROM: Mark Bernhardson, City Administr 'DATE: January 17, 1986 0RONO SUBJECT: Health Insurance - Retirees and Permanently Disabled As you may recall we brought recommendations forward at the December 9, 1985 Council meeting regarding the making of health insurance coverage available to both persons who are retired and also persons who are permanently disabled and are unable to obtain employment. RETIREES The recommendation that was presented at that time as follows and it has continued to he the staff's recommendatic3, because of the certain contractual requirements of the County together with certain requirements the City has regarding contingent liabilities for commitment of benefits to retirees. At 3 minimum to qualify, Retirees need to meet the following quidelines Age at Time of Retirement at least 58 but less than 62 w w 62 w » w 63 w w 6' w a w 64 w » 64 » » a 65 Years of Full Time Service 20 i5 14 13 The police age requirement would be 55 with at least 20 years of service. ror per:-,ons meeting the criteria they, prior to retirement, can exercise one of the following options: a. That trey can receive their unused accrued vacation up to 39 days as permitted in the Personnel Policy together with o.ie tnirl of their unused sick leav;� up to 40 days, or h. Should they desire to remain on the health insurance the following exists: I. For employee insurance the employee may continue on the health insurance as a substitute benefit in exchange for their unused vacation (30 day maximum) and 1'3 of unused sick leave calculated at current rates. At the time of their retirement the length of their allowance to he continued on the plan at City expense will be calculated and they shall be continued until that time, at which point a decision wi11 be made as to whether 1