Health Insurance Retirement Benefit Sample Clauses

Health Insurance Retirement Benefit. Para council members retiring from X'Xxxxxx Township High School following twenty (20) years of service to District 203 may remain in the group insurance plan. All premium costs for said insurance benefits shall be provided by the retired employee. No retired employee shall be allowed to participate in the group insurance plan past age 65 or at the earliest time at which a retired employee can buy into or otherwise be covered by Medicare. No retired para council members shall be extended the benefit of the group insurance provision of this contract should they be employed following retirement from District 203 in an organization which has health care insurance available for their employees. Para council members and their families shall have the opportunity for a temporary extension of health coverage as required by Public Law 99-272, Title X. (COBRA).
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Health Insurance Retirement Benefit. Service Workers retiring from X'Xxxxxx Township High School following twenty (20) years of service to District 203 may remain in the group insurance plan. All premium costs for said insurance benefits shall be provided by the retired employee. No retired employee shall be allowed to participate in the group insurance plan past age 65 or at the earliest time at which a retired employee can buy into or otherwise be covered by Medicare. No retired Service Worker shall be extended the benefit of the group insurance provision of this contract should they be employed following retirement from District 203 in an organization which has health care insurance available for their employees. Service Workers and their families shall have the opportunity for a temporary extension of health coverage as required by Public Law 99-272, Title X. (COBRA).
Health Insurance Retirement Benefit. In order to be eligible for the health care insurance benefit in retirement, the unit member must have worked a minimum of ten (10) years in the District and retire from the District by drawing his/her pension immediately upon retirement from the District. Those individuals who have resigned from Maine-Endwell Central School District in order to receive retirement benefits from the New York State Teachers’ Retirement System or New York State Employees’ Retirement System on account of age and service and are receiving such benefits, shall be entitled to receive health cost reimbursement benefits. The parties acknowledge the Collective Bargaining Agreement does not establish a specific health care plan for retirees. However, the District is required to provide eligible retirees with the “same health cost reimbursement benefits and same health care benefits” as teaching employees actively employed by the District. The cost-sharing rate for individual retirees will be established based on the contribution rate the employee paid during their last year of employment. The contribution rates for individuals who retire during the 2019- 2020, 2020-2021, and 2021-2022 school years will be as follows: 2019-2020 Unit members’ health care insurance contribution will be: ● Individual Plan – Eleven and one half percent ( 11.5%) of the cost of an individual plan. ● Family Plan – Eleven and one half percent (11.5%) of the cost of a family plan. 2020-2021 Unit members’ health care insurance contribution will be: ● Individual Plan – Twelve percent (12%) of the cost of an individual plan. ● Family Plan – Twelve percent (12%) of the cost of a family plan. 2021-2022 Unit members’ health care insurance contribution will be: ∗ Individual Plan – Twelve and one half percent (12.5%) of the cost of an individual plan. ∗ Family Plan – Twelve and one half percent (12.5%) of the cost of a family plan. The contribution sharing rates will not change for the duration of the former employees’ retirement. The School District will be responsible for the balance of the premiums. The retired employee will pay one hundred percent (100%) of their portion of the contribution rate during retirement. Upon the death of a retiree, a spouse may continue the reimbursement plan, paying the full charge for an individual benefit plan. The District is not required or responsible to make contribution to any governmental agency, such as the Social Security Administration on account of benefits that may be give...

Related to Health Insurance Retirement Benefit

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

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