Common use of PENSIONERS’ LIFE INSURANCE Clause in Contracts

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First year of retirement, fifty percent (50%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second year of retirement, forty percent (40%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third year of retirement, thirty percent (30%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth and subsequent years of retirement, twenty percent (20%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000). This section is subject to the provisions of Section 31 Group Insurance and District Self Funded Plans General.

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First The first year of retirement, fifty percent (50%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second The second year of retirement, forty percent (40%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third The third year of retirement, thirty percent (30%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth The fourth and subsequent years of retirement, twenty percent (20%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000). The District agrees to discuss any changes proposed by the insurance carriers in insurance plans. This section Provision is subject to the provisions of Section 31 Provision 5.8 - “Group Insurance and & District Self Self- Funded Plans GeneralPlans.”

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First year of retirement, fifty percent (50%) of the employee’s 's annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second year of retirement, forty percent (40%) of the employee’s 's annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third year of retirement, thirty percent (30%) of the employee’s 's annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth and subsequent years of retirement, twenty percent (20%) of the employee’s 's annual base earnings rounded to the next higher even thousand dollars ($1,000). This section is subject to the provisions of Section 31 - Group Insurance and District Self Self-Funded Plans - General.

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First The first year of retirement, fifty percent (50%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second The second year of retirement, forty percent (40%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third The third year of retirement, thirty percent (30%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth The fourth and subsequent years of retirement, twenty percent (20%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000). This section Section is subject to the provisions of Section 31 35 - Group Insurance and District Self Self- Funded Plans - General.

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First year of retirement, fifty percent (50%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second year of retirement, forty percent (40%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third year of retirement, thirty percent (30%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth and subsequent years of retirement, twenty percent (20%) of the employee’s annual base earnings rounded to the next higher even thousand dollars ($1,000). This section is subject to the provisions of Section 31 3.1 Group Insurance and District Self Funded Plans General.

PENSIONERS’ LIFE INSURANCE. Life insurance will be provided to all employees who retire from the District on either a service or a disability retirement as follows: A. First The first year of retirement, fifty percent (50%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); B. Second The second year of retirement, forty percent (40%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); C. Third The third year of retirement, thirty percent (30%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000); D. Fourth The fourth and subsequent years of retirement, twenty percent (20%) of the employee’s employees’ annual base earnings rounded to the next higher even thousand dollars ($1,000). This section Section is subject to the provisions of Section 31 35 - Group Insurance and District Self Self-Funded Plans - General.