Insurance Benefits for Retirees. Effective July 1, 2007, a teacher who is a least fifty-five (55) years of age by August 31 of the school year during which the retirement is to become effective and has: (a) twenty (20) or more years of seniority teaching in the District; or (b) twenty (20) or more years of full-time service in the District (30 or more hours a week) which years of service need not be consecutive, and who retires during the term of this Agreement shall be eligible for insurance benefits from the retirement/severance trust fund as follows:
Insurance Benefits for Retirees. Unless otherwise specified, effective upon the execution of this Contract, or as soon thereafter as possible, the City shall provide and pay for the insurance for all retirees covered by this Contract in accordance with the following schedule:
Insurance Benefits for Retirees. Employees who have completed twenty (20) years of continuous service with the school district, the district will provide $150 per month into a Health Care Savings Plan (HCSP) with the Minnesota State Retirement for ten (10) years following the date of retirement, and $100 per month for the subsequent five (5) years for the purpose of supplementing the cost of the retiree’s health insurance. This amount shall be deposited annually in July into the HCSP.
Insurance Benefits for Retirees. For teachers who retire after having completed twenty (20) years of continuous service with the School District and qualify for TRA retirement benefits, the School District will provide $150 per month into a Health Care Savings Plan (HCSP) with the Minnesota State Retirement until the retiree is eligible for Medicare, after which time the School District will contribute $100 per month for the subsequent five (5) years for the purpose of supplementing the cost of the retiree’s health insurance. Teachers who retire on or after their Medicare eligibility age will receive these benefits until their age exceeds five years beyond Medicare eligibility. For the purpose of this section, the insurance benefit shall be calculated as the greater of twenty (20) cumulative years of service, or by dividing the employee’s total FTE’s by the employee’s years of service within the District. This amount shall be deposited two times per year into the HCSP; the month of September and the month of January.
Insurance Benefits for Retirees. The School District will provide $100 month towards a School District health insurance plan for ten (10) years following the date of retirement or until the retiree is eligible for Medicare, whichever comes first, and $50 per month for the subsequent five (5) years into a Health Care Savings Plan (HCSP) with the Minnesota State Retirement for the purpose of supplementing the cost of the retiree’s health insurance. This benefit is only available for those employees who have completed twenty (20) years of continuous service with the School District. “Continuous service” is defined as uninterrupted employment by the School District on an annual basis of at least thirty (30) hours per week and nine (9) months per year, or a minimum of 1,044 hours. This amount shall be deposited two times per year into the HCSP; the month of September and the month of January.
Insurance Benefits for Retirees. (1) Employees hired before December 11, 2017 hereinafter referred to in this Section as “Pre-2017 Employees”). Pre- 2017 Employees whose effective date of retirement is on or after April 22, 2013 shall be eligible to purchase health insurance coverage through the City. Said retiree health insurance coverage shall be the same health insurance coverage that is offered to active employees as that coverage may change from time to time through negotiations. Pre-2017 Employees who retire after 20 years of service (or 25 years for those hired into the bargaining unit after October 1, 1997 as per Section 3.5D (6)) shall be eligible for the following retiree health benefits:
Insurance Benefits for Retirees. (a) Effective July 1, 1994 the City will contribute two hundred dollars ($200) per month toward the cost of health care coverage for retirees, the retiree’s spouse and/or eligible dependents for identical insurance benefits as outlined in this Section (3.5) under the City’s insurance plan, for those employees who retire after this date.
Insurance Benefits for Retirees. The board shall extend the single health/hospitalization insurance provisions of this agreement to any member of the unit that desires early retirement and was enrolled at retirement. Board contributions shall cease after 8 years or upon eligibility of Medicare. For teachers hired prior to 1989, the contributions shall cease after 10 years or upon eligibility for Medicare. Teachers hired after July 1, 2010 are not eligible to receive retirement insurance benefits. A teacher will have the option of remaining a member of the health/hospitalization insurance group, but must contribute full premium. The member has the option of paying the additional cost of family insurance.
Insurance Benefits for Retirees a. PRE-2007 EMPLOYEES (Hired in the Fire Department Before July 1, 2007)
Insurance Benefits for Retirees
