Common use of Exception to Payment to Health Care Plan Clause in Contracts

Exception to Payment to Health Care Plan. Pending IRS ruling, retirees who are enrolled in a non-district provided health insurance plan, or if both retirees were/are district employees or who are covered by a spouse/partner’s plan, at the time their district health insurance contribution (that was earned while actively employed) ceases, will not receive a contribution to the Minnesota State Retirement System’s Post Retirement Health Care Savings Plan, but will instead receive a severance amount as a cash payment, provided said retirees provide the required documentation.