Retirement health coverage premiums
Find out the cost of retirement health coverage.
Extended health care coverage premiums
The Municipal Pension Board of Trustees assesses the premiums for extended health care each fall. This may result in changes to your premiums the following year.
Premium subsidies are based on your years of pensionable service. The current monthly premiums for retired members and their enrolled spouses and/or dependant(s) are:
Monthly rates in effect as of February 1, 2020
| Pensionable service of retired member | Single | Couple | Family |
|
Under 2 years (full premium) |
$75.00 |
$150.00 |
$293.00 |
|
2 years to under 4 years |
63.75 |
138.75 |
281.75 |
|
4 years to under 6 years |
52.50 |
127.50 |
270.50 |
|
6 years to under 8 years |
41.25 |
116.25 |
259.25 |
|
8 years to under 10 years |
30.00 |
105.00 |
248.00 |
|
10 years or more |
18.75 |
93.75 |
236.75 |
|
Beneficiary/surviving spouse receiving a pension |
75.00 |
150.00 |
293.00 |
Monthly rates in effect as of February 1, 2021
| Pensionable service of retired member | Single | Couple | Family |
|
Under 2 years (full premium) |
$70.00 |
$140.00 |
$273.00 |
|
2 years to under 4 years |
59.50 |
129.50 |
262.50 |
|
4 years to under 6 years |
49.00 |
119.00 |
252.00 |
|
6 years to under 8 years |
38.50 |
108.50 |
241.50 |
|
8 years to under 10 years |
28.00 |
98.00 |
231.00 |
|
10 years or more |
17.50 |
87.50 |
220.50 |
|
Beneficiary/surviving spouse receiving a pension |
70.00 |
140.00 |
273.00 |