Common use of Benefits Upon Retirement Clause in Contracts

Benefits Upon Retirement. 1. Any retiring bargaining unit member who has attained the age of fifty-five (55) on or before the date of retirement and who has completed a minimum of fifteen (15) years of classified service as an employee of the District in a position compensated on a district-adopted salary schedule shall be entitled upon written request to the following benefits at District expense: a. The same health benefits provided to current bargaining unit members up to a maximum period of five (5) years from the date of retirement or until the retired employee reaches the age of sixty-five (65), whichever occurs first. The District shall pay the cost of such health coverage for the employee and his/her dependents in the same proportion as the employee’s active service with the District as described in Article XIII A and B. b. Any employee retiring at age sixty-one (61) or older who has the fifteen (15) years of service with the District as set forth in paragraph 1 above shall be entitled, upon written request, to the following benefits for any year(s) that the employee is not eligible for the benefits set forth in subsection a, provided that the non-qualifying retiree shall not receive more than a total of five (5) years of benefits whether under subsection a, or subsection b, or a combination of both subsections a and b. 1) A maximum contribution from the District of $150.00 per month for the retiree and $150.00 per month for one (1) dependent toward the cost of a Medicare supplemental insurance policy provided through the District, effective December 1, 2007. 2) To be eligible for this District contribution toward the Medicare supplemental policy, the retiree must provide evidence to the District that both the retiree and the Dependent are enrolled in Medicare Parts A and B when first eligible and continue to be enrolled in Parts A and B. 3) The costs for Medicare Parts A and B are the exclusive responsibility of the retiree and dependent. 4) All references to “Medicare” refer to the Federal Medicare Law, Title 18 of the Social Security Act of 1964. 5) An eligible dependent is defined as meeting the eligibility requirements of the carrier as defined by the District. c. If an employee fifty-five (55) years of age or older has less than fifteen

Benefits Upon Retirement. 1. Any retiring bargaining unit member who has attained the age of fifty-five (55) on or before the date of retirement and who has completed a minimum of fifteen (15) years of classified service as an employee of the District in a position compensated on a district-adopted salary schedule shall be entitled upon written request to the following benefits at District expense: a. The same health benefits provided to current bargaining unit members up to a maximum period of five (5) years from the date of retirement or until the retired employee reaches the age of sixty-five (65), whichever occurs first. The District shall pay the cost of such health coverage for the employee and his/her dependents in the same proportion as the employee’s active service with the District as described in Article XIII A and B. b. Any employee retiring at age sixty-one (61) or older who has the fifteen (15) years of service with the District as set forth in paragraph 1 above shall be entitled, upon written request, to the following benefits for any year(s) that the employee is not eligible for the benefits set forth in subsection a, provided that the non-qualifying retiree shall not receive more than a total of five (5) years of benefits whether under subsection a, or subsection b, or a combination of both subsections a and b. 1) A maximum contribution from the District of $150.00 per month for the retiree and $150.00 per month for one (1) dependent toward the cost of a Medicare supplemental insurance policy provided through the District, effective December 1, 2007. 2) To be eligible for this District contribution toward the Medicare supplemental policy, the retiree must provide evidence to the District that both the retiree and the Dependent are enrolled in Medicare Parts A and B when first eligible and continue to be enrolled in Parts A and B.be 3) The costs for Medicare Parts A and B are the exclusive responsibility of the retiree and dependent. 4) All references to “Medicare” refer to the Federal Medicare Law, Title 18 of the Social Security Act of 1964. 5) An eligible dependent is defined as meeting the eligibility requirements of the carrier as defined by the District. c. If an employee fifty-five (55) years of age or older has less than fifteen