Employer Contribution Levels for Employees. Retiring Before Age 65
Employer Contribution Levels for Employees. Retiring Before Age 65
2.1 Health Insurance Employer Contribution Employees who meet the requirements in Subd. 1 or Subd. 2 will receive a District contribution toward health insurance until the employee reaches sixty-five (65) years of age as defined in this subdivision.
2.1.1 The District contribution toward health insurance premiums will equal the same dollar amount the District contributed for single or family coverage to the carrier in the employee’s last month of active employment.
2.1.2 In the event the District changes health insurance carriers, it will have no impact on the District contribution for such coverage.
2.1.3 Any employee who is receiving family coverage premium contribution at date of retirement and later changes to single coverage will receive the dollar contribution to single coverage that was provided in the contract under which the retirement became effective.
Employer Contribution Levels for Employees. After Age Sixty-Five (65)
4.1 Employees hired into the District before January 1, 1996, who retire on or after January 1, 1998, and who meet the eligibility requirements in Subd. 3.1 or 3.2 of this Article are eligible for premium contributions for a Medicare Supplement health coverage policy selected by the District. Premium contributions for such policy will not exceed: Medicare Eligible $300 per month $400 per month Non-Medicare Eligible $400 per month $500 per month At no time shall any payment in any amount be made directly to the retiree. Any premium cost in excess of the maximum contributions specified must be paid directly and in full by the retiree, or coverage will be discontinued.
