Common use of Retiree’s Responsibility Clause in Contracts

Retiree’s Responsibility. The retiree will be responsible for any exchange rate fluctuations and will have to personally pay the difference between the exchanged funds received by the foreign carrier from the District and the cost of the policy.

Retiree’s Responsibility. (1) The retiree will be responsible for any exchange rate fluctuations and will have to personally pay the difference between the exchanged funds received by the foreign carrier from the District and the cost of the policy.;