Effective upon adoption of this article, the
Borough of Carteret shall assume the cost of health and/or insurance
benefits of any employee:
A. Who has retired from the Borough service on a disability
pension.
B. Has retired after 25 years or more of service with
the Borough.
C. Has retired from Borough service and reached the age
of 62 years or older, with at least 15 years of service with the Borough
of Carteret.