Common use of Insurance for Retired Teachers Clause in Contracts

Insurance for Retired Teachers. To the extent required by law, the Board shall provide for participation in all contract insurance plans for all Teachers who retire and accept the benefits of the Indiana State Teachers Retirement Fund until the Teacher becomes eligible for Medicare coverage as prescribed by 42 U.S.C. 1395 et seq., subject to the terms of the applicable plan or policy, as amended from time to time. With regard to vision and dental insurance, Teachers who have retired from the district may purchase at their cost dental and vision insurance under the Corporation’s then effective plan until they reach the age of 65. Subject to applicable laws, the Board will provide eligible retired Teachers COBRA coverage for dental and vision insurance for three years after they turn 65 or—if a Teacher retires after they have already turned 65—three years after they retire. Except for Teachers who are hired on or after November 20, 2017, retired Teachers shall have life insurance of five-thousand dollars ($5,000.00) granted at the cost of the Board. Teachers hired on or after November 20, 2017 shall not be provided a retiree life insurance benefit.

Insurance for Retired Teachers. To the extent required by law, the Board shall provide for participation in all contract insurance plans for all Teachers who retire and accept the benefits of the Indiana State Teachers Retirement Fund until the Teacher becomes eligible for Medicare coverage as prescribed by 42 U.S.C. 1395 et seq., subject to the terms of the applicable plan or policy, as amended from time to time. With regard to vision and dental insurance, Teachers who have retired from the district may purchase at their cost dental and vision insurance under the Corporation’s then effective plan until they reach the age of 65. Subject to applicable laws, the Board will provide eligible retired Teachers COBRA coverage for dental and vision insurance for three years after they turn 65 or—if a Teacher retires after they have already turned 65—three years after they retire. Except for Teachers who are hired on or after November 20, 2017, retired Teachers shall have life insurance of five-five- thousand dollars ($5,000.00) granted at the cost of the Board. Teachers hired on or after November 20, 2017 shall not be provided a retiree life insurance benefit.