[Adopted 12-2-1976 as Ch. 51 of the 1976 Code]
[Amended 12-19-1996 by Ord. No. 96-14]
Any full-time employee who has retired after service of 25 years or more as an employee of the Township of South Hackensack and is covered and whose dependents are covered by an insurance policy as contemplated by N.J.S.A. 40A:10-22 et seq., shall be entitled as a condition of his or her retirement to have the Township of South Hackensack continue such insurance and pay its premiums for the period from the date of his or her retirement until his or her death, unless such insurance shall sooner terminate in accordance with § 46-3.
[1]
Editor’s Note: Former § 46-3, Health and accident insurance continued, was repealed 3-9-2017 by Ord. No. 2017-03.
In the event an employee or his or her dependents become eligible to have insurance under Medicare as provided by Title XVIII of the Social Security Act as amended in 1965, or its successor plan or plans, then the Township of South Hackensack shall not be required by pay any additional premiums for such individual or his or her dependents for the insurance that would be terminated by their entering the Medicare program, whether or not such employee or his or her dependents enter the Medicare program.
This Article may be amended from time to time as may be provided by the existing Township Committee or its successors, whomever it might be, but such an ordinance shall not affect the right of a retired employee or his or her dependents to any insurance coverage until six months from the date of the adoption of such ordinance.
[Added 10-23-1979]
Any and all full-time employees of the Township of South Hackensack who shall have been employed for a minimum period of 12 years and shall have reached the age of 62 years shall receive, upon retirement, 1/2 of the charge for Blue Cross — Blue Shield or other health and hospitalization insurance at the expense of the Township of South Hackensack until such employee shall have reached the age of 65 years, provided that said employee shall regularly pay the remaining 1/2 cost of said insurance in accordance with the rules of the insurance carrier.