Common use of Health Benefits at Retirement Clause in Contracts

Health Benefits at Retirement. The District provides a contribution toward health insurance benefits for certificated bargaining unit retirees who have served the District for at least ten (10) years and retire after age fifty-five (55). The District’s contribution ceases when the retiree attains age sixty-five (65). The District’s annual health benefit contribution for eligible retirees during this period of time is equal to the annual contribution made for active employees, as that contribution may change from time-to-time. Accordingly, the Assistant Superintendent shall be entitled to receive the same annual contribution that the District makes on behalf of its certificated bargaining unit employees, as that contribution may change from time-to-time, until the Assistant Superintendent attains age sixty-five (65), if the Assistant Superintendent is at least fifty-five (55) years old and has served the District for at least ten (10) years as of the date of her resignation from the District and retirement with the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). All District contributions toward retiree health insurance benefits and all District costs shall cease when Assistant Superintendent attains age sixty-five (65). If the Assistant Superintendent uses this benefit, the Assistant Superintendent shall be responsible to pay all co-pays, deductibles, and other costs in the same manner as other retired management employees.

Appears in 3 contracts

Samples: Contract of Employment Lisa, Contract of Employment Lisa, Employment Agreement

AutoNDA by SimpleDocs

Health Benefits at Retirement. The District provides a contribution toward health insurance benefits for certificated bargaining unit retirees who have served the District for at least ten (10) years and retire after age fifty-five (55). The District’s contribution ceases when the retiree attains age sixty-five (65). The District’s annual health benefit contribution for eligible retirees during this period of time is equal to the annual contribution made for active employees, as that contribution may change from time-to-time. Accordingly, the Assistant Superintendent shall be entitled to receive the same annual contribution that the District makes on behalf of its certificated bargaining unit employees, as that contribution may change from time-to-time, until the Assistant Superintendent attains age sixty-five (65), if the Assistant Superintendent is at least fifty-five (55) years old and has served the District for at least ten (10) years as of the date of her his resignation from the District and retirement with the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). All District contributions toward retiree health insurance benefits and all District costs shall cease when Assistant Superintendent attains age sixty-five (65). If the Assistant Superintendent uses this benefit, the Assistant Superintendent shall be responsible to pay all co-pays, deductibles, and other costs in the same manner as other retired management employees.

Appears in 2 contracts

Samples: Business and Physical Support Services, Business and Physical Support Services

Health Benefits at Retirement. The District provides a contribution toward health insurance benefits for certificated bargaining unit retirees who have served the District for at least ten (10) years and retire after age fifty-five (55). The District’s contribution ceases when the retiree attains age sixty-five (65). The District’s annual health benefit contribution for eligible retirees during this period of time is equal to the annual contribution made for active employees, as that contribution may change from time-to-time. Accordingly, the Assistant Superintendent shall be entitled to receive the same annual contribution that the District makes on behalf of its certificated bargaining unit employees, as that contribution may change from time-to-time, until the Assistant Superintendent attains age sixty-five (65), if the Assistant Superintendent is at least fifty-five (55) years old and has served the District for at least ten (10) years as of the date of her his resignation from the District and retirement with the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). All District contributions toward retiree health insurance benefits and all District costs shall cease when Assistant Superintendent attains age sixty-five (65). If the Assistant Superintendent uses this benefit, the Assistant Superintendent shall be responsible to pay all co-pays, deductibles, and other costs in the same manner as other retired management employees.

Appears in 2 contracts

Samples: Business and Physical Support Services, Contract of Employment Greg

Health Benefits at Retirement. The District provides a contribution toward health insurance benefits for certificated bargaining unit retirees who have served the District for at least ten (10) years and retire after age fifty-five (55). The District’s contribution ceases when the retiree attains age sixty-five (65). The District’s annual health benefit contribution for eligible retirees during this period of time is equal to the annual contribution made for active employeesemployees during this period of time, as that contribution may change from time-to-time. Accordingly, the Assistant Superintendent shall be entitled to receive the same annual contribution that the District makes on behalf of its certificated bargaining unit employees, as that contribution may change from time-to-time, until the Assistant Superintendent attains age sixty-five (65), if the Assistant Superintendent is at least fifty-five (55) years old and has served the District for at least ten (10) years as of the date of her resignation from the District and retirement with the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). All District contributions toward retiree health insurance benefits and all District costs shall cease when Assistant Superintendent attains age sixty-five (65). If the Assistant Superintendent uses this benefit, the Assistant Superintendent shall be responsible to pay all co-pays, deductibles, and other costs in the same manner as other retired management employees.

Appears in 1 contract

Samples: Employment Agreement

AutoNDA by SimpleDocs

Health Benefits at Retirement. The District provides a contribution toward health insurance benefits for certificated bargaining unit retirees who have served the District for at least ten (10) years and retire after age fifty-five (55). The District’s contribution ceases when the retiree attains age sixty-five (65). The District’s annual health benefit contribution for eligible retirees during this period of time is equal to the annual contribution made for active employees, as that contribution may change from time-to-time. Accordingly, the Assistant Superintendent shall be entitled to receive the same annual contribution that the District makes on behalf of its certificated bargaining unit employees, as that contribution may change from time-to-time, until the Assistant Superintendent attains age sixty-five (65), if the Assistant Superintendent is at least fifty-five (55) years old and has served the District for at least ten (10) years as of the date of her his resignation from the District and retirement with the California State Teachers Retirement System (CalSTRS) or the California Public Employees Retirement System (CalPERS). All District contributions toward retiree health insurance benefits and all District costs shall cease when Assistant Superintendent attains age sixty-five (65). If the Assistant Superintendent uses this benefit, the Assistant Superintendent shall be responsible to pay all co-pays, deductibles, and other costs in the same manner as other retired management employees.

Appears in 1 contract

Samples: Employment Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.