Common use of Early Retirement Benefits Clause in Contracts

Early Retirement Benefits. A unit member who has been employed by the District for 25 or more complete years of service (including the total of part-time and full-time experience), and reaches the age of fifty-five (55) by July 1 of the first year of his or her retirement, is eligible to receive medical insurance benefits, from the date of retirement until such time that the unit member has reached the age at which he or she is eligible for medical insurance benefits under Medicare. In the event that the member elected not to participate in Medicare during his or her period of employment, the eligibility to receive medical insurance benefits will terminate on the first of the month after the date the unit member reaches age sixty-five (65).

Early Retirement Benefits. A unit member who has been employed by the District for 25 or more complete years of service (including the total of part-time and full-time experience), and reaches the age of fifty-five sixty (5560) by July 1 of the first year of his or her retirement, is eligible to receive medical insurance benefits, from the date of retirement until such time that the unit member has reached the age at which he or she is eligible for medical insurance benefits under Medicare. In the event that the member elected not to participate in Medicare during his or her period of employment, the eligibility to receive medical insurance benefits will terminate on the first of the month after the date the unit member reaches age sixty-five (65).