Common use of Early Retirement Health Benefits Clause in Contracts

Early Retirement Health Benefits. (Revised October 2018) A. CLASSIC EARLY RETIREMENT HEALTH BENEFITS 1. ELIGIBILITY a. To be eligible for this program the employee must: (1) Have completed ten (10) consecutive years of full-time service in the Lodi Unified School District without a break in service immediately prior to retirement through the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). (For the purpose of this article, a break in service is defined as any unpaid status.) (2) Have reached the age of fifty-five (55) prior to the beginning of his/her next school year in which he/she elects to participate in such program. (3) Not have passed his/her sixty-fifth (65th) birthday at the beginning of retirement. (4) Have reached at least Class D on the salary schedule. (5) Arrange retirement to coincide with the end of a school year when possible. (6) Be approved for early retirement by the District's Board Of Education. (7) Submit their resignation form/letter to the Personnel Director prior to January 15th of the year in which the employee will be retiring at the end of the year.

Early Retirement Health Benefits. (Revised October 2018) A. CLASSIC EARLY RETIREMENT HEALTH BENEFITS 1. ELIGIBILITY a. To be eligible for this program the employee must: (1) Have completed ten (10) consecutive years of full-time service in the Lodi Unified School District without a break in service immediately prior to retirement through the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). (For the purpose of this article, a break in service is defined as any unpaid status.) (2) Have reached the age of fifty-five (55) prior to the beginning of his/her next school year in which he/she elects to participate in such program. (3) Not have passed his/her sixty-fifth (65th) birthday at the beginning of retirement. (4) Have reached at least Class D B on the salary schedule. (5) Arrange retirement to coincide with the end of a school year when possible. (6) Be approved for early retirement by the District's Board Of Education. (7) Submit their resignation form/letter to the Personnel Director prior to January 15th of the year in which the employee will be retiring at the end of the year.