Common use of District Contribution for Retirees Clause in Contracts

District Contribution for Retirees. In addition, the District shall continue its contribution to the health/major medical insurance plan for all unit members who retire between the age of 53 and 65 with at least ten (10) full years of service credit. Such contribution shall commence upon such early retirement during the term of this Agreement, and shall terminate upon age 65. The District's contribution shall be $6,000.00 plus 50% of the amount of the premium over $6,000.00 for a Blue Cross plan.

Appears in 2 contracts

Samples: Agreement, Agreement

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District Contribution for Retirees. In addition, the District shall continue its contribution to the health/major medical insurance plan for all unit members who retire between the age of 53 and 65 with at least ten (10) full years of service credit. Such contribution shall commence upon such early retirement during the term of this Agreement, and shall terminate upon age 65. The District's contribution shall be $6,000.00 5,000.00 plus 50% of the amount of the premium over $6,000.00 5,000.00 for a Blue Cross plan.

Appears in 2 contracts

Samples: Agreement, Agreement

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