Here is a copy of our policy from the handbook.It mirrors what the ARML basically has:
Retiree Health Benefits
In compliance with Ordinance No. 2 of 2010, the City offers extended coverage to retired employees and their family after their employment with the City. Retirees electing to extend coverage after employment may do so if they meet all of the following requirements:
· Employee must be age fifty-five (55) or over;
· Employee must complete twenty (20) years of service to the City of Cabot;
· Employee must be receiving a retirement benefit from the Arkansas Local Police and Fire Retirement System, Arkansas Public Employees Retirement System or a local pension fund.
If the employee meets all of these criteria, he/she may continue coverage after retirement. The retiree must pay the entire portion of the premium. The retiree must also have the premium to the City Clerk/Treasurer’s Office no later than the end of business of the 5th day of the month. Failure to pay the entire premium on or before the 5th will result in the retiree being terminated from the plan.
Any employee who is terminated from the City of Cabot will not be eligible for retiree health benefits.
