HomeMy WebLinkAbout2024-31Resolution 2024-31
Resolution Concerning Participation by Retirees in
Health Insurance Program
WHEREAS, the Town of Pulaski provides all full-time employees with medical health
insurance through a health insurance plan ("the Plan"); and,
WHEREAS, the Town of Pulaski has the option to provide employees retiring from the Town
the ability to purchase health insurance through the Town's plan until such time as they become
eligible for Medicare health coverage as determined by the federal government. At that time
retiree coverage will end or the retiree will elect a Medicare Supplement from the Plan; and,
WHEREAS, only those employees who meet the specific requirements being eligible for
unreduced retirement through the Virginia Retirement System, and retiring after 50 years of age
and having 15 years of service with the Town of Pulaski may participate in this plan. Age and
service requirements are waived if the retiring employee is documented to be disabled; and,
WHEREAS, the former employee who elects early retiree coverage will pay the percent of the
premium which they were paying at the time of their retirement, and the Town will continue to
pay the remainder of the premium cost, at regular intervals as determined by the Plan, for retiree
coverage. The former employee will pay all of the premium cost at regular intervals as
determined by the Plan if they elect a Medicare Supplement from the Plan after retiree coverage
has ended. If the former employee chooses not to elect a Medicare Supplement from the Plan
upon Medicare eligibility then their coverage will end. Failure to timely pay the premium due
will result in the immediate cancellation of the former employee's plan; and,
WHEREAS, the Town of Pulaski reserves the right to modify or discontinue health care plans
and third -parry providers at its discretion.
NOW THEREFORE BE IT RESOLVED that the Town of Pulaski does hereby extend the
option for retiring employees to purchase health care insurance coverage through the Plan.
This resolution shall be effective June 18, 2024 and is hereby adopted this 18`h day of June 2024
by the duly recorded vote of the Town Council of the Town of Pulaski, Virginia as follows:
Gregory C. East- Absent James A. Radcliffe- Absent
Jeremy L. Clark- Aye G. Tyler Clontz- Aye
Brooks R. Dawson- Aye Michael P. Reis- Aye
TOWN of PULASKI, VIRGINIA
W. Shannon Collins
Mayor
ATT T
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Olivia C. Hale
Clerk of Council