Common use of Re-employed District Retirees Clause in Contracts

Re-employed District Retirees. [a] District retirees receiving the incentives provided in this section shall be subject to the following benefits and conditions if they are rehired by the District. [b] Social security bridge payments shall continue as outlined in section 4.6.2. [c] Upon re-employment in an insurance eligible position, insurance benefits, including premium payments, shall be administered in the same manner as for other active employees. [d] Upon re-employment, any unused balance of sick leave credit previously applied toward the payment of health insurance premiums shall be contributed to a qualified 403 (b) account for the employee. [e] Eligible re-employed retirees may utilize any unused participation time on the Xxxxx School District Early Retirement Incentive Medical and Dental Plan (ERP) when they terminate District employment. This participation time includes the balance of the unused insurance benefit extension (to a maximum total of ten years) or until Medicare eligible, whichever occurs first. The Early Retirement Incentive Medical and Dental Plan, available for review in the Human Resources Department, include the specific provisions governing retiree insurance benefits.

Re-employed District Retirees. [a] District retirees receiving the incentives provided in this section shall be subject to the following benefits and conditions if they are rehired by the District. [b] Social security bridge payments shall continue as outlined in section 4.6.2. [c] Upon re-employment in an insurance eligible position, insurance benefits, including premium payments, shall be administered in the same manner as for other active employees. [d] Upon re-employment, any unused balance of sick leave credit previously applied toward the payment of health insurance premiums shall be contributed to a qualified 403 (b) account for the employee. [e] Eligible Xxxxxxxx re-employed retirees may utilize any unused participation time on the Xxxxx School District Early Retirement Incentive Medical and Dental Plan (ERP) when they terminate District employment. This participation time includes the balance of the unused insurance benefit extension (to a maximum total of ten years) or until Medicare eligible, whichever occurs first. The Early Retirement Incentive Medical and Dental Plan, available for review in the Human Resources Department, include the specific provisions governing retiree insurance benefits.