(A) Insurance reimbursements. Each retired member or beneficiary of a retired member who is receiving a monthly annuity shall be eligible to receive a monthly reimbursement not to exceed that amount equal to the maximum Metro Government contribution ever allocated to the cost of health insurance for employees covered under the classification and compensation ordinance for any single-coverage premiums that the annuity recipient pays out-of-pocket for his or her own health insurance coverage.
(B) Conditions of payments.
(1) Payment of the insurance reimbursement is subject to the appropriation of funds in future years for said payment.
(2) To qualify for the insurance reimbursement, the annuity recipient must provide documentation that shows his or her single-coverage health insurance premium payments.
(3) The cost of the insurance reimbursements shall be reimbursed to the Policemen's Retirement Fund by the Metro Government, upon receipt of proper documentation from the Fund, which shall include the names, amounts, and dates of payments to each recipient.
(4) The benefits described in this section shall not be taken into consideration in the annual actuarial valuation of the Fund.
(1999 Lou. Code, § 36.131) (Lou. Ord. No. 0137-2001, approved 10-26-2001; Lou. Am. Ord. No. 0146-2002, approved 12-26-2002; Lou. Metro Am. Ord. No. 64-2004, approved 6-3-2004; Lou. Metro Am. Ord. No. 127-2005, approved 8-29-2005; Lou. Metro Am. Ord. No. 217-2011, approved 10-14-2011; Lou. Metro Am. Ord. No. 230-2018, approved 12-19-2018)