Insurance Upon Resignation or Retirement. Any teacher who resigns or retires from the teaching staff effective at the end of the school year shall be permitted to remain a part of the insurance program through August 31 of the year within which the school year ended. The School Corporation shall continue its monthly share of the insurance premiums up to the total amount agreed to (minus $1.00) provided that such teacher shall make provision for the payment of the teacher’s share of the premiums owed at the time of the end of the contractual year.
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