05-23-11 Regular Meeting of La Porte City Council

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The Total Plan Cost is the Total annual dollar allocated each year by budget as approved by City Council for the City of La Porte for Health Insurance for each employee, including employee and employer contributions. Costs to the retireeshali be based on a cost schedule determined by years of service, outlined ( Deleted: , retiring on or after January 01, 2006, below. Under this schedule, a retiree pays a percentage of the, total plan cost, based on years of Deleted: city's contribution to the plan service, but pays the entire cost of dependent coverage, regardless of years of service. participant's health coverage Moved up [3]: Eligible dependents include: ¶ Your lawful spouse who is legally married to and living with 11 natural children; stepchildren; children who, before reaching the age of 18, are either adopted by you; ¶ Or other children for whom you have care, custody and control under court decree. ¶ ¶ A dependent child must be unmarried and rely on you for primary support and maintenance. Retirees shall pay all required contributions to the City by the 15 of the month of coverage. Dependent children remain eligible until age 25 as long as they are enrolled as a full -time One annual statement will be mailed to retirees for selection of payment plan: annual, bi- annual, student.¶ quarterly or monthly. Failure to pay the required contribution will result in termination of the Retirees may not add dependents once retired. member's participation in the City of La Porte sponsored health plan. Payment delayed beyond There are no qualifying events to add dependentu. Dependents may be dropped by 60 days will initiate COBRA notification for continuation of health coverage once the member is written request at any time.¶ terminated from the Plan. Years of Service Percentage Retiree Pays 20 60% of the Total Plan Cost + dependent coverage 21 55% of the Total Plan Cost + dependent coverage 22 50% of the Total Plan Cost + dependent coverage 23 45% of the Total Plan Cost + dependent coverage 24 40% of the Total Plan Cost + dependent coverage 25 35% of the Total Plan Cost + dependent coverage 26 30% of the Total Plan Cost + dependent coverage 27 25% of the Total Plan Cost + dependent coverage 28 20% of the Total Plan Cost + dependent coverage 29 15% of the Total Plan Cost + dependent coverage 30 Active Emolovee /Dependent Rate COBRA Coverage for Retirees As mandated by Texas Local Government Code Chapter 175, City employees meeting eligibility requirements under the Texas Municipal Retirement System Act to receive retirement benefits, may, regardless of age or years of service with the City, purchase at their own expense, the