Following retirement and until Medicare eligibility, the retiree
(and their spouse of record at the time of retirement, along with
eligible dependents) will be on the Borough's health care plan, except
the retiree shall contribute towards the cost of the health/prescription
coverage as required by New Jersey law. The premium copayment will
be frozen at the percentage in effect at the time of retirement of
the employee, except that in no event will the percentage be less
than New Jersey statutory minimums. That contribution shall never
be less than the 6% of dependent cost. Following Medicare eligibility,
the retiree shall be responsible for all applicable Medicare costs,
expenses, and premiums charged to the retiree, spouse and/or any eligible
dependents. The Borough's health care plan will be secondary to Medicare.
As to the Borough's secondary coverage, the retiree shall be subject
to the same conditions as above for contributions to health care costs,
subject to any applicable statutory restrictions.