Common use of Benefits Only Clause in Contracts

Benefits Only. 1. As an alternative in A above, after ten (10) years of full-time satisfactory service as a certificated employee in the Orcutt School District and attainment of age 55, a unit member is eligible to apply for the Retirement Benefits only. 2. All applicants for participation in this program are subject to discretionary approval of the Board of Trustees. 3. Personnel participating in this alternative Benefit program will be entitled to all health and welfare benefits for up to five (5) years or until the person is eligible for Medicare, whichever comes first, as though they were regular full-time employees, subject to changes in the collective Bargaining Agreement. If health and welfare benefits only become available to participants at premium rates in excess of those for full-time employees, the District’s contribution to the premium shall not exceed what the District’s contribution would have been had the participant continued in employment with the District and selected the same health and welfare benefits. The participant will be responsible to pay the difference between the District contribution and the balance of the increased premium.

Benefits Only. 1. As an alternative in A above, after ten (10) years of full-time satisfactory service as a certificated employee in the Orcutt Xxxxxx School District and attainment of age 55, a unit member is eligible to apply for the Retirement Benefits only. 2. All applicants for participation in this program are subject to discretionary approval of the Board of Trustees. 3. Personnel participating in this alternative Benefit program will be entitled to all health and welfare benefits for up to five (5) years or until the person is eligible for Medicare, whichever comes first, as though they were regular full-time employees, subject to changes in the collective Bargaining Agreement. If health and welfare benefits only become available to participants at premium rates in excess of those for full-time employees, the District’s contribution to the premium shall not exceed what the District’s contribution would have been had the participant continued in employment with the District and selected the same health and welfare benefits. The participant will be responsible to pay the difference between the District contribution and the balance of the increased premium.