Common use of Retiree Fringe Benefits Clause in Contracts

Retiree Fringe Benefits. 6.4.1 The District agrees to contribute the lesser amount set by California Government Code Section 22892 per eligible retiree, per month. If the District and the Association agree to terminate participation in the PERS medical insurance plan, the District shall have no further obligation for payment of the basic contribution. 6.4.2 The District shall reimburse the retiree a supplemental amount equal to the difference between Section 6.4.1 and the least expensive single party premium rate of the four (4) most common PERS HMO’s subscribed to by active employees, dental premium rate and 95/96 single party vision premium rate at the time of retirement, or a less expensive retiree selected PERS plan for the first and all subsequent years until Section 6.4.