[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.
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.