Common use of Early Retirement Insurance Clause in Contracts

Early Retirement Insurance. A retiree who has reached the age of fifty-seven (57) years with a minimum of twenty (20) consecutive years of experience with the District will receive $3,000 per year for single, employee + 1, or family insurance coverage until the employee reached the age of Medicare eligibility.

Early Retirement Insurance. A retiree who has reached the age of fifty-seven (57) years with a minimum of twenty (20) consecutive years of experience with the District District, or a retiree who has reached the age of sixty (60) years and who has accrued eight (8) years of experience in the district will receive $3,000 per year for single, employee + 1+1, or family insurance coverage until the employee reached reaches the age of Medicare eligibilitysixty-five (65) years.

Early Retirement Insurance. A retiree who has reached the age of fifty-seven fifty‐seven (57) years with a minimum of twenty (20) consecutive years of experience with the District will receive $3,000 per year for single, employee + 1, or family insurance coverage until the employee reached the age of Medicare eligibility.