(a) Any employee of the City who retires and is immediately eligible for a Police, Fire or IMRF pension, and who, at the time of retirement, is covered by City group medical insurance coverage, may elect, in writing, at the time of retirement, to continue on the City group medical insurance coverage plan, provided that the retired employee, as a condition to continuing under such plan, will be required to pay, when due, all future premiums for his or her coverage.
(b) The City shall make available, to full-time employees and their dependents, group hospital and medical insurance, and to employees, fifty thousand dollars ($50,000) in term life insurance coverage. The City will pay for the cost of the life insurance premium. If an employee chooses to participate in the City's group health and dental insurance coverage, the employee's cost shall be 18% of the premium, which may change from time to time, for the single, single plus one, and family rate. The employee shall be solely financially responsible for the amounts specified above for each group health and dental insurance coverage premium before the City's obligation to pay arises.
(1977 Code §23-204; Ord. 84-68. Passed 12-18-84; Ord. 90-34B. Passed 6-18-90; Ord. 94-31. Passed 5-2-94; Ord. 2000-34. Passed 7-5-00; Ord. 2002-27. Passed 5-20- 02; Ord. 2002-74. Passed 1-6-03; Ord. 2008-08. Passed 2-19-08; Ord. 2008-35. Passed 6-16- 08; Ord. 2011-56. Passed 11-21-11; Ord. 2014-55. Passed 12-15-14; Ord. 2015-32. Passed 6- 15-15; Ord. 2016-31. Passed 5-16-16; Ord. 2017-49. Passed 6-5-17; Ord. 2018-21. Passed 4-17-18.)