Common use of Medical Retirement Clause in Contracts

Medical Retirement. The District agrees to grandperson the current full-time Adult School employees as of 1-22-99, so that they may individually achieve eligibility for the District's retirement benefit program. Each of the current full-time employees must qualify by working no fewer than 15 years. Adult School must pre-fund the cost of eligibility for the benefits funds and transfer those amounts to the District to be placed in a special reserve fund for health benefits. "Grandperson" is intended to mean those employees who are currently full-time as specified by side letter agreement. This agreement is not intended to include any existing or future employee other than those specifically set out in the side letter.

Medical Retirement. The District agrees to grandperson the current full-full- time Adult School employees as of 1-22-99, so that they may individually achieve eligibility for the District's retirement benefit program. Each of the current full-time employees must qualify by working no fewer than 15 years. Adult School must pre-fund the cost of eligibility for the benefits funds and transfer those amounts to the District to be placed in a special reserve fund for health benefits. "Grandperson" is intended to mean those employees who are currently full-time as specified by side letter agreement. This agreement is not intended to include any existing or future employee other than those specifically set out in the side letter.