Common use of One-Year Paid Life Insurance for Retirees Clause in Contracts

One-Year Paid Life Insurance for Retirees. An employee who retires after completing step 20 will receive $25,000 of term life insurance paid by the Board for the first year of retirement only.

One-Year Paid Life Insurance for Retirees. ‌ An employee who retires after completing step 20 or four (4) years of the retirement track will receive $25,000 of term life insurance paid by the Board for the first year of retirement only.

One-Year Paid Life Insurance for Retirees. An employee who retires after completing step 20 or four (4) years of the retirement track will receive $25,000 of term life insurance paid by the Board for the first year of retirement only.