Common use of Employer Contribution Levels for Retirees After Age 65 Clause in Contracts

Employer Contribution Levels for Retirees After Age 65. 2.4.1 Employees hired into the District before January 1, 1996, who meet the eligibility requirements in 2.3.1 and 2.3.2 of this Section are eligible for premium contributions for a Medicare Supplement health coverage policy selected by the District. Premium contributions for such policy will not exceed: Coverage Type Single Family 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.

Employer Contribution Levels for Retirees After Age 65. 2.4.1 12.4.1 Employees hired into the District before January 1, 1996, and who meet the eligibility requirements in 2.3.1 and 2.3.2 Subdivisions 3.1 or 3.2 of this Section 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: Coverage Type Single Family 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.