87.457. Health care benefits for retirees, separate fund established for benefit and premiums--application by retiree to be special consultant, compensation to fund benefits.
Health care benefits for retirees, separate fund established forbenefit and premiums--application by retiree to be specialconsultant, compensation to fund benefits.
87.457. 1. The board of trustees may provide or contractfor insurance benefits to cover hospital, surgical, and medicalexpenses for retirees under sections 87.380 to 87.490, in anamount not to exceed one hundred dollars per month for eachretiree.
2. If the board agrees to provide benefits pursuant to thissection, a separate account for hospital, surgical and medicalbenefits shall be established as part of the benefit reservefund. All benefits and premiums shall be transferred from thegeneral revenue fund of the system to the benefit reserve fundfor payment of hospital, surgical and medical benefits.
3. Any retiree who is receiving benefits from the system maymake application to the board to be named as a special advisor tothe firemen's retirement system. Upon the acceptance of suchapplication, the board may deposit in the fund created insubsection 2 of this section an amount not to exceed one hundreddollars per month for the applicant and may make a monthlypayment from the fund created in subsection 2 of this sectiontoward health care benefits for the applicant as provided insubsection 1 of this section.
(L. 1990 H.B. 1675)