Insurance After Retirement. With the express written consent of the insurance carrier(s), employees who have retired may continue to participate in the Board's group insurance program at their own expense, provided all premiums shall be transmitted to the Business Office of the Board in advance. The Board shall not be obligated hereunder to advance premiums for any retired employee in order to continue coverage upon the failure of any person to make timely payment. All Board obligations, employee eligibility and all aspects of this clause shall end when an ex- employee becomes eligible for Medicare.
Insurance After Retirement. An employee qualifying under Article 11, Section 1, may remain in the district’s health insurance plan at his/her own expense.
Insurance After Retirement. Employees with eight (8) years of service to the district, shall be eligible to remain a member of the district insurance program after retirement. The employee must assume the cost for any coverage retained at the time of retirement. Payment must be paid by the first of each month. Employees who become eligible for Medicare shall only be eligible for supplemental Medicare if it is available through the district plan.
Insurance After Retirement. Upon eligible retirement, employee may buy into the District's group health insurance plan. The District shall provide Medical Health Insurance Credit according to table below until the Retired employee reaches the age of 65: Employee Years of Service District Health Insurance Credit for Retired Employee Monthly Premium 15 $400 20 $500 25 $600 Example Employee that has completed twenty-five (25) years selects Employee Only during enrollment, the monthly premium equals $648.00. Employee has $600 Medical Health Insurance Credit, employee is responsible for $48.00 monthly premium. Using the same example but the selection during enrollment is Employee and Spouse, the monthly premium equals $1,200. Employee has $600 Medical Health Insurance Credit, employee is responsible for $600 monthly premium.
Insurance After Retirement. 1. The District agrees to participate in a Post-Employment Health Plan (“PEHP”) pursuant to the terms and conditions of the PEHP for Collective Bargaining Public Employees attached hereto as Exhibit 1. The District agrees to contribute to the PEHP on behalf of the following category of employees as follows:
Insurance After Retirement. In addition, eligible teachers who apply for retirement shall be eligible to remain in the existing health and hospitalization program as permitted under Minnesota Statute 471.61. Eligible teachers who have completed at least fifteen (15) years of allowable service with the School District and who are at least fifty-five (55) years of age at the time of retirement, shall be eligible for School District contribution up to two thousand four hundred dollars ($2,400) per year for health insurance coverage for seven (7) years from retirement or eligibility for Medicare, whichever comes first. The maximum School District contribution shall be a sixteen thousand eight hundred dollar ($16,800) bank over the seven (7) years. A teacher cannot receive cash in lieu of the School District’s contribution towards health insurance coverage. In the event of the teacher’s death, the District’s obligations shall cease. If a retiree returns to employment with the School District as a full time teacher and receives full insurance contribution, the District’s obligations shall cease during that period of reemployment and resume thereafter. Teachers hired after September 1, 2009 will not be eligible for the benefits set forth in this section.
Insurance After Retirement. Employees who retire from active service will continue Group Life Insurance of $7,500. Fitchburg Gas And Electric Light Company pays for the retiree's group life insurance.
Insurance After Retirement. Employees who retire from active service may continue group life insurance of $7,500. Concord Electric Company pays insurance premium cost.
Insurance After Retirement. Employees retired on a pension will continue Group Life Insurance equal to $7,500.
