Orange County NC Website
31 <br /> Slide #7 <br /> Active and Retired Membership <br /> (C <br /> Soo <br /> 6M <br /> 400 <br /> 200 -- ILA IF1 <br /> 201S 2020 1 2022 <br /> 945 LM57 978 <br /> Retirees '396 431 471 <br /> 9.146annuat increase for retired members since 2018;9.346 for 2022, <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> Benefit Costs <br /> If hired on or before 6/30/2012: <br /> • The County will contribute 1004 towards the cost of medical <br /> coverage for retirees with 10 or more years ofservice at retirement. <br /> • The County will contribute 50%towards the cost of medical <br /> coverage for retirees age 65 and with 5-9 years of service at <br /> retirement. <br /> If hired after 61301201').- <br /> • The County will contribute 1004 towards the cost of medical <br /> coverage for retirees with 20 or more years of service at retirement. <br /> • The County will contribute 503 towards the cost of medical <br /> coverage for retirees age 65 and with 10.19 years of service at <br /> retirement. <br /> )> Contribution to a health saving account for retirees tin the high <br /> 5 deductible health plan. <br /> 6 <br /> 7 <br />