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21 <br />~ ` ~~~- <br />,~.:_ - <br />OPC Area Program Policy and Procedures <br />Subject: Health Care Benefits <br />For Eligibie Retirees <br />Policy Manual: Human Resources <br />Area Board Approval: October 2008 <br />Procedures Implementation Date: 4/97 <br />Revision Date: Nov 2000, Dec 2007 <br />Policy: <br />OPC Area Program wifl provide health insurance benefits to eligible retirees as <br />approved by the Area Board. <br />An employee enrolled in an OPC healfh care plan will be eligible to confinue healthcare <br />coverage as a retiree until fhey are eligib(e for Medicare, provided they meet the <br />following criteria: <br />a. They are retiring from OPC, and; <br />b. They have 10 years of service with OPC, and; <br />c. They are at least 60 years old; OR ~ <br />d. They have 30 years of service with OPC at the time of fheir retirement. <br />OPC will contribute one-half of the employer's portion of the health insurance premium <br />for an employee with 10 years of service who meets the above criteria. The <br />percentage wi0 increase by 5% for each additional year of employment with OPC. This, <br />for example, wauld resuft in OPC paying 75°/a of the employer's premium for an <br />employee retiring with 15 years of service with OPC. Ernployees with 20 or more years <br />of service at OPC and who are 60 years of age or older will receive credit fior the entire <br />employer premium. <br />OPC does not contribute to the cost of dental, life, disability or Medicare supplements <br />for re#irees. <br />Employees are responsible f~r the premiums associated writh spousal or dependent <br />coverage. When an employee becomes Medicare-eligible, dependents covered under <br />the OPC healthcare plan are eligible to continue coverage under COBRA in accordance <br />with specific legal requirements that govern that program. <br />6 <br />