[HISTORY: Adopted by the Borough Council of the Borough of Stone Harbor as indicated in article histories. Amendments noted where applicable.]
[Adopted as Ch. 23 of the 1982 Revised General Ordinances]
[Amended 5-17-2011 by Ord. No. 1379]
All employees who were hired on or before May 17, 2011, and who are not covered by a collective bargaining agreement, who retire from the Borough of Stone Harbor, who upon retirement have at least 25 years of service credit in the New Jersey State Retirement System, and who have been employed by the Borough of Stone Harbor for at least 25 years immediately prior to the date of their retirement, and who have attained the age of 55 years shall, for themselves and their spouses, continue to receive the same health benefits afforded to full-time employees until such time as such retiree and/or his or her spouse qualifies for Medicare. Once the retiree qualifies for Medicare, the Borough will continue to supply the necessary supplemental insurance to Medicare to provide, as near as practicable, similar coverage to that of benefits of full-time Borough employees.
A. 
If the employee's spouse is covered by his or her own health insurance during the employee's retirement, then the Borough will provide health insurance for the retired employee only. If the spouse's insurance should cease, then the Borough will provide health insurance for both the retired employee and the spouse.
B. 
In the event of death of a retired employee, health insurance shall continue for said employee's spouse until he or she reaches the age 65, remarries or dies.
Each of such retiree shall notify the Chief Financial Officer of the Borough of his or her desire for these benefits prior to his or her retirement date and prior to December 1 of each year with respect to such desire for the following year.