Common use of RETIREES’ COVERAGE Clause in Contracts

RETIREES’ COVERAGE. Employees who retire under the Michigan Public Schools Employees’ Retirement Act at the age of fifty-five (55) or thereafter, will have $3,000 of Group Life continued to age sixty-five (65) on his/her life (Accidental Death and Dismemberments will be discontinued) at no cost to the employee. The retiree may convert coverage to an individual policy at the retiree’s expense.

RETIREES’ COVERAGE. Employees who retire under the Michigan Public Schools Employees’ ' Retirement Act at the age of fifty-five (55) or thereafter, will have $3,000 of Group Life continued to age sixty-five (65) on his/her life (Accidental Death and Dismemberments Dismemberment will be discontinued) at no cost to the employee. The retiree may convert coverage to an individual policy at the retiree’s expense.