1999-12-13 Regular Meeting, Workshop Meeting, and Public Hearing

Browse Search

e e mfjll\~ <<->>'. >>>>:0:' The second tier will be utilized for retirees not meeting the eligibility of the first tier. The percentages paid by the retiree shall be based on the budgeted amount discussed in paragraph one of this section. Continuous Years of Service with La Porte Retiree Cost City Cost At least 10 but less than 15 70% 30% At least 15 but less than 20 60% 40% At least 20 but less than 25 50% 50% At least 25 but less than 30 25% 75% At least 30 0 100% Dependent coverage shall be charged at the active dependent rate. II"';:" $l'e .~a. ~ . ," ^ Any employee meeting the eligibility requirements for disability retirement under the Texas Municipal Retirement System Act shall be eligible for medical benefits, provided they have worked for the City of La Porte for five (5) continuous years. Costs associated with retirement under this tier shall be the same as Tier 2, with the addition of: At least 5 but less than 10, retiree cost shall be 75%. Dependent coverage shall be charged at the active employee rate. . Eligible dependents include: your lawful spouse who is legally married to and living with you; natural children; stepchildren; children who, before reaching the age of 18, are either adopted by your or placed in your home for adoption; 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. Dependent children remain eligible until age 19, or until age 25 if enrolled as a full- time student in a university, college, vocational or secondary school. A dependent child under the age of 25 who has graduated from a university, college, vocational or secondary school but has not become gainfully employed will be covered for an additional 2 months from graduation.