Following retirement, pensioner coverage will commence after you have exhausted your bank, or the month following your 65th birthday, if earlier. During the period your bank is being run out and while you are drawing a pension, Short Term and Long Term Disability Benefits do not apply. If you do not qualify for assisted or free pensioner coverage, you must pay the full pensioner premium rate (both before and after age 65) to receive pensioner coverage, provided you were covered by the Plan immediately prior to your retirement and there was no break in coverage and are not ineligible for coverage. The full pensioner premium rate is currently $180 (plus tax). You will be required to provide proof of good health if you were not covered for health benefits immediately prior to retirement, and wish to apply for reinstatement into the Plan.