Common use of Early Retiree Insurance Clause in Contracts

Early Retiree Insurance. Any employee who is a participant in the School District’s health and hospitalization insurance plan as described in Section 8.1 and who retires following thirty (30) years of employment in the School District, or following fifteen (15) years of employment in the School District and attaining age of fifty-five (55), may continue the health and hospitalization coverage she/he had at the time of retirement until Medicare eligibility. The employee will pay the entire cost of the premium for this coverage.

Appears in 2 contracts

Samples: Agreement, Agreement

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Early Retiree Insurance. Any employee who is a participant in the School District’s health and hospitalization insurance plan as described in Section 8.1 and who retires following thirty (30) years of employment in the School District, or following fifteen (15) years of employment in the School District and attaining age of fifty-five (55), may continue the health and hospitalization coverage she/he had at the time of retirement until Medicare eligibility. The employee will pay the entire cost of the premium for this coverage.

Appears in 1 contract

Samples: Agreement

Early Retiree Insurance. Any employee who is a participant in the School District’s health and hospitalization insurance plan as described in Section 8.1 1 or Article VII and who retires following thirty (30) years of employment in the School District, or following fifteen (15) years of employment in the School District and attaining age of fifty-five (55), may continue the health and hospitalization coverage she/he had at the time of retirement until Medicare eligibilityage 65. The employee will pay the entire cost of the premium for this coverage.

Appears in 1 contract

Samples: Agreement

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Early Retiree Insurance. Any employee who is a participant in the School District’s health and hospitalization insurance plan as described in Section 8.1 and who retires following thirty (30) years of employment in the School District, or following fifteen (15) years of employment in the School District and attaining age of fifty-five (55), may continue the health and hospitalization coverage she/he they had at the time of retirement until Medicare eligibility. The employee will pay the entire cost of the premium for this coverage.

Appears in 1 contract

Samples: Agreement

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