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HomeMy Public PortalAbout1996_09_10_O028The Town of Leesburg, .rgtma ORDINANCE NO. 96-0-28 SUBSTITUTE PRESENTED September 10, 1996 ADOPTED September 10, 1996 AN ORDINANCE: AMENDING SECTION 12.1-47 OF THE TOWN CODE TO ADD HEALTH INSURANCE BENEFITS FOR RETIRING TOWN EMPLOYEES UNDER THE AGE OF 65 WITH FIFTEEN OR MORE YEARS OF SERVICE WHEREAS, because of the high cost of health insurance, town employees desiring to retire are discouraged from retiring until they obtain 25 years of service; and WHEREAS the cost of keeping eligible retirees on the town's group health insurance plan would be offset by lower payroll costs; and THEREFORE, ORDAINED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. Section 12.1-47. Hospitalization and Insurance of the Town Code and Personnel Manual is hereby amended to read as follows: Section 12.1-47. Hospitalization and Insurance. (a) All employees of the town, unless provided otherwise by these rules, are required to participate in group life, basic hospital/surgical-medical, major medical and disability income programs as approved by the town Council. The town shall pay all of the total monthly individual premiums for said coverage described above. The individual employee shall pay the additional hospitalization premiums for the spouse, family or other dependent overages when a coverage is requested by the employee. (b) Employees eligible for retirement benefits under the state retirement system with ret/ring from the town a minimum of 15 years of town service shall be eligible to participate in the town's group health insurance until age 65 at. which time they shall be dropped from coverage. Retired Employees eligible for retirement benefits under the state retirement system with 15 or more years of service and less than 20 years of service participating in the plan shall be required to pay one-half of the monthly individual health insurance premium. ._~_.; ............. ~..~ r- ~----"'~---- ~oa..~... ~ Employees eligible for retirement benefits under the state retirement system with 20 years of sc~icc or more may participate in thc plan at no cost to them. Retired employees participating in the plan must pay all of thc additional premium for spouse, family or other dependent coverage as requested by thc retiree. -2- ORDINANCE: AMENDING SECTION 12.1-47 OF THE HEALTH INSURANCE BENEFITS. TOWN CODE TO ADD SECTION II. This ordinance shall be effective upon its passage. PASSED this 10th day of Sop~-omhor , 1996. J~es E. Clem, Mayor .,,flown of Leesburg ATTEST: Clerk of Council O:healthbenefit