207-26 Agreement - Fire Chief Nicholas Gillo.pdf

5 ARTICLE VII—AUTOMOBILE Chief Gillo shall be provided with a municipal vehicle for use. Said vehicle shall be used for official Township business in accordance with Township of West Orange Employee Policy & Procedures Policy 6-6. The Township shall be responsible for the payment of all reasonable operating and maintenance expenses and insurance for said vehicle. ARTICLE VIII- RETIREMENT HEALTH BENEFITS Upon retirement with 25 or more years of creditable PFRS pension service, the Chief Gillo shall be provided with full health and prescription benefits at no premium cost to him or his spouse & eligible dependents from the date of his retirement until his death or until his current or future spouse’s death, whichever occurs last. Additionally, the Township will reimburse the Chief Gillo any Medicare premiums for Medicare Part A, Part B or Part D, including any Income Related Monthly Adjustment Amount (IRMAA) assessment made by the Social Security Administration or its successor. These benefits shall remain equal to or better than the benefits received by Chief Gillo and his family as of the last date of service to the Township. When Chief Gillo qualifies for Medicare, benefits will become secondary to Medicare while his Spouse and dependents will continue to receive full coverage until children reach the age of 26. When his spouse becomes eligible for Medicare, she will become secondary to Medicare. ARTICLE IX – RESIGNATION OR RETIREMENT Chief Gillo may resign or retire at any time upon 3 months’ notice. Upon his resignation or retirement, the Employee shall retain all pension rights under New Jersey law and ordinances of the Township of West Orange.