Common use of Coverage Option for Retirees Under the Age of Sixty Clause in Contracts

Coverage Option for Retirees Under the Age of Sixty. five A unit member hired on or after (January 1, 2013), who retires before reaching Medicare eligibility, may, at their option, participate in the District’s group medical retirement benefits, by paying the full cost of premiums. It is understood that said premiums may be specially priced to the retiree’s age class, and may be considerably more expensive than those paid for active employees.

Coverage Option for Retirees Under the Age of Sixty. five Five (65) A unit member hired on or after (January 1, 2013), who retires before reaching Medicare eligibility, eligibility may, at their his/her option, participate in the District’s group medical retirement benefits, benefits by paying the full cost of premiums. It is understood that said premiums may be specially priced to the retiree’s age class, class and may be considerably more expensive than those paid for active employees.