Common use of Insurance Benefits for Retirees Clause in Contracts

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. Employees who have completed twenty (20) years of continuous service with the school district, the district The School District will provide contribute $150 per month into a Health Care Savings Plan (HCSP) with the Minnesota State Retirement for ten (10) years following the date of retirement, 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 benefit is only available for those employees who have completed twenty (20) years of continuous service with the HCSPSchool District. A year is constituted by the employee employed at least thirty (30) hours per week and nine (9) months per year on an annual basis.

Insurance Benefits for Retirees. Employees who have completed twenty (20) years of continuous service with the school district, the district The School District will provide contribute $150 per month into a Health Care Savings Plan (HCSP) with the Minnesota State Retirement for ten (10) years following the date of retirement, retirement and $100 per month for the subsequent five (5) years for the purpose of supplementing the cost of the retiree’s 's health insurance. This amount shall be deposited annually in July into benefit is only available for those employees who have completed twenty (20) years of continuous service with the HCSPSchool District. A year is constituted by the employee employed at least thirty (30) hours per week and nine (9) months per year on an annual basis.