Benefits Only Option Sample Clauses

Benefits Only Option. 14.2.2.1 The District shall contribute the following toward employee medical, dental or vision insurance coverage for unit members who retire between the ages of 50 and 65 years who have rendered at least fifteen (15) years of continuous service including Board-approved leave in the District immediately prior to retirement. Such District-paid insurance shall in no event continue (a) for more than five (5) years or (b) past age 65 or (c) until the employee otherwise receives medical or dental insurance, whichever occurs first. Such District-paid insurance shall be the same or equivalent to the insurance benefits furnished to regular fulltime employees. Years of District Service 15 Amount Applied for Health Benefits $2,500 3,000 3,500
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Related to Benefits Only Option

  • Optional Benefits Optional Group Life Insurance This plan is available on an optional, employee-pay-all basis and you may apply to purchase additional group life insurance coverage for you and/or your spouse. Coverage is available from a minimum of $10,000 to a maximum of $300,000 in increments of $10,000.

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

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