Common use of Employee Benefits (Cont Clause in Contracts

Employee Benefits (Cont. 3 SIG benefits so long as they are employed by the District and continue to meet 4 qualifications for those benefits as established for the 1979-80 school year. (As 5 per letter of understanding agreed on 1/21/80). 6 7 E. 1. 8 10 11 12 13 14 15 16 17 18 19 20 2. 21 22 24 25 26 27 The District will, upon request, pay 50% of the premium for health and accident insurance offered to full-time employees for employees retiring between the ages of 55 to 65 with at least fifteen (15) years of service to the District. The percentage of the premium paid by the District shall increase by 10% for each full year of service worked beyond fifteen (15) years so that the District will pay 100% of the premium for those retiring with twenty (20) years of service to the District for a maximum of five consecutive years. Part-time employee proration applies to this benefit. This paid benefit shall cease when the retiree reaches sixty-five (65) years of age or at the conclusion of five consecutive years - whichever is earlier. The Association acknowledges that this retiree benefit constitutes an unfunded present and future liability to the District. Upon reaching sixty-five (65) years of age or after the five-year paid benefits end in E.1., the retiree may retain District group health and accident insurance provided they make arrangements with the Business Office to pay the total premium costs or supplemental plans for such benefits in advance on no less than a quarterly basis. In order to receive dental or vision coverage, retiree must be enrolled in District medical plan.

Employee Benefits (Cont. 3 SIG benefits so long as they are employed by the District and continue to meet 4 qualifications for those benefits as established for the 1979-80 school year. (As 5 per letter of understanding agreed on 1/21/80). 6 7 E. 1. 8 9 10 11 12 13 14 15 16 17 18 19 20 2. 21 22 24 25 26 27 The District will, upon request, pay 50% of the premium for health and accident insurance offered to full-time employees for employees retiring between the ages of 55 to 65 with at least fifteen (15) years of service to the District. The percentage of the premium paid by the District shall increase by 10% for each full year of service worked beyond fifteen (15) years so that the District will pay 100% of the premium for those retiring with twenty (20) years of service to the District for a maximum of five consecutive years. Part-time employee proration applies to this benefit. This paid benefit shall cease when the retiree reaches sixty-five (65) years of age or at the conclusion of five consecutive years - whichever is earlier. The Association acknowledges that this retiree benefit constitutes an unfunded present and future liability to the District. Upon reaching sixty-five (65) years of age or after the five-year paid benefits end in E.1., the retiree may retain District group health and accident insurance provided they make arrangements with the Business Office to pay the total premium costs or supplemental plans for such benefits in advance on no less than a quarterly basis. In order to receive dental or vision coverage, retiree must be enrolled in District medical plan.