Definition of Benefits. If an employee meets the eligibility criteria in Section A, above, the following supplemental benefits will be provided by the District upon retirement: 1. A minimum monthly stipend of $225 for full-time (1.0 FTE) employees will begin in the month following retirement and continue for eighty-four (84) months or until the retiree is eligible for Medicare, whichever comes first. The monthly stipend amount will be pro-rated for retirees who have worked less than 1.0
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
