Town alters health insurance retirement policy
by Staff Writer
That’s about to change.
Commissioners decided at their Feb. 4 meeting that any government employee hired from now on “shall neither be entitled to nor eligible for the retirement medical insurance continuation coverage benefit upon such employee’s retirement from the town.”
Yet any full-time employee hired by the town before Feb. 4 who has at least 10 consecutive years of service immediately preceding retirement will be eligible for post-retirement health insurance.
Also, any full-time employees who have 20 or more years of service in the N.C. Local Government Retirement System will also be eligible for post-retirement medical insurance through the town.
“Ten years was fairly comparable to other communities,” Town Manager Erskine Smith said. “We felt like it was standard for what others were providing.”