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either be offered a Medicare supplement policy or; if Medicare supplements are not available from the current insurance carrier, the retiree will continue to be provided with an individual policy which will pay secondary to their Medicare coverage. In order to retain insurance coverage, the retiree must maintain residence in the current insurance carrier's service area. G. Payments of Premiums for Retiree Health Insurance Coverage. Monthly payments for retiree coverage are due on or before the first day of the month. Although monthly payments are due on the first day of each month, a thirty (30) day grace period will be granted. During the grace period the retiree can contact the Human Resources Director and work out a payment arrangement to catch up the premium. The arrangement must be approved by the Board of Commissioners. If payment arrangements are not agreed upon by the end of the grace period for that month, all rights to retiree coverage will be lost and benefits will be terminated. All covered retiring employees will be required to report any other group medical coverage which they have at the time of retirement or which they may obtain subsequent to retirement so that benefits can be coordinated with the other insurance carrier. Any group coverage that a retiree obtains as a result of post-retirement employment will be considered primary and the Lee County coverage will be secondary. Failure to report other coverage will be considered justification for the County to terminate retiree coverage. Should a retiree withdraw from the retiree health coverage, the benefit cannot be reinstated at a later date. No employee who is terminated involuntarily will be eligible for this benefit other than those qualifying under the on-the-lob related disability situation listed in #D above. 3.6 Life Insurance: Each full time benefited employee will be given a standard amount of life insurance with the option to purchase additional coverage for themselves and/or their dependents. 3.7 Unemployment Compensation: County employees who are laid off or dismissed from the county service may apply for unemployment compensation through the local office of the Employment Security Commission. Eligibility for unemployment compensation will be determined by the Employment Security Commission. 3.8 Old Age and Survivors Insurance (Social Security): The County, to the extent of its lawful authority and power, shall extend Social Security benefits for its eligible employees in accordance with the provisions of the Social Security Act. 3.9 Retirement Benefits: Each regular employee in a budgeted position, working a minimum of 1 ,000 hours per year, will be required to enroll in the Local Government Employees' Retirement System upon successful completion of their probationary period E-1 Employee Benefits 4