Common use of Retirement Benefit Insurance Incentive Clause in Contracts

Retirement Benefit Insurance Incentive. The District will provide health care premium credit for eligible retired members of the bargaining unit on the same basis as provided to active employees with the same limitations. To be eligible for this benefit, the retiree must have at least ten (10) full years of actual service with the District and be at least fifty-five (55) years of age.

Retirement Benefit Insurance Incentive. The District will provide health care premium credit for eligible retired members of the bargaining unit on the same basis bases as provided to active employees with the same limitations. To be eligible for this benefit, the retiree must have at least ten (10) full years of actual service with the District and be at least fifty-five (55) years of age.