Major Medical, Dental and Hospitalization Insurance for Retired Employees. The District shall pay premiums at the rate listed above on hospitalization and major medical insurance coverage for all administrators who retire. This shall include dental insurance for administrators who retire after July 1, 2002. Such premiums shall be paid only until the administrator reaches age of Medicare eligibility. The Association agrees its members will participate in Medicare at the eligible age. One hundred (100) percent shall be paid to the qualifying retired administrator’s post retirement health care savings plan in four equal installments. The first installment will be within 30 days of the administrator’s retirement date. The remaining three installments will follow on the ensuing July 15th/January 15th/July 15th or January 15th/July 15th/January 15th, dependent on the retirement date, following the first payment.
