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HomeMy WebLinkAbout93-002 CITY OF LAREVILLE DAKOTA COUNTY, MINNESOTA RESOLUTION Date January 4, 1993 Resolution 93-2 MOti.Ori by Harvey Seconded by Mulvihill RESOLUTION APPROVING AMENDMENT TO RETIREMENT PROGRAM POLICY OF EMPLOYEE HANDBOOK FOR CONTINUATION OF GROUP HOSPITAL, MEDICAL, AND DENTAL INSURANCE BE IT RESOLVED by the City Council of the City of Lakeville that effective January 1, 1993, the policy entitled "Continuation of Group Hospital, Medical, and Dental Insurance" is hereby added to the Retirement Programs Section of the Employee Handbook as page 61a. APPROVED this 4th day of January, 1993, by the City Council of the City of Lakeville. CITY OF EVILLE BY: D ane R. Zaun, yor TES Charlene Friedg , City Clerk i RETIREMENT PROGRAMS • CONTINUATION OF GROUP HOSPITAL, MEDICAL, AND DENTAL INSURANCE POLICY 1. This policy applies to all City employees who retire on or after January 1, 1993, who participated in the City's group hospital, medical, and dental insurance program and who met the requirements necessary to receive a disability benefit or an annuity from a Minnesota public pension plan other than a volunteer fire fighter plan. 2. Minnesota law, Minn. Stat. Chapter 43A, provides that upon retirement, an eligible City employee and his/her covered dependents can participate in the group health/dental insurance program at the same premium rate as active employees until age 65. 3. Retirees who have continuously participated in the group insurance program since leaving employment and retirees who are currently continuing coverage through COBRA can • participate at the same premium rate as active employees until age 65. 4. Coverages and levels of benefits provided to retirees under age 65 and their dependents must be identical to that provided for active employees and their dependents. 5. Retirees age 65 and over may stay in the group indef finitely, but premium rates do not have to be pooled with the active employee rates and retiree coverage does not have to be identical to active coverage. 6. The retiree must pay the entire premium. 7. Dependent coverage can only be continued after retirement if the employee carried dependent coverage prior to retirement. Employees are not required to continue dependent coverage after retirement. • 61a 12/18/92