Retirement Benefits and Eligibility for Employees. Hired On or After July 1, 2005: The following eligibility requirements and District-provided retirement benefits shall apply to employees hired on or after July 1, 2005. • Minimum age: 60 • Minimum years of service with the District: 25 • Benefit coverage for employee and spouse • Benefit coverage to age 65 or age of Medicare eligibility if revised by law (no post-65/post-age of Medicare eligibility benefits) * *The District shall provide up to five (5) years of retiree benefits regardless of whether the minimum age of Medicare eligibility is revised by law. In such event, the District’s minimum age of eligibility for retiree benefits shall be amended accordingly. For example, if the Medicare age of eligibility is increased to 67 years of age, the District’s minimum age of eligibility for retiree benefits shall automatically be increased to 62. These modifications shall not apply to laid off employees who were hired on or before June 30, 2005 and are rehired by the District within the applicable statutory reemployment period since such a break in service is disregarded. Instead, such rehired employees shall be eligible for and receive retirement benefits pursuant to conditions that exist for employees hired prior to July 1, 2005.
Retirement Benefits and Eligibility for Employees. Hired On or After July 1, 2005: The following eligibility requirements and District-provided retirement benefits shall apply to employees hired on or after July 1, 2005.
Retirement Benefits and Eligibility for Employees. Hired on or After July 1, 2005. The following eligibility requirements and District-provided retirement benefits shall apply to employees hired on or after July 1, 2005. Minimum age: 57 and ½ Minimum years of service with the District: 20 Benefit coverage for employee and spouse Benefit coverage to age 65 or age Medicare eligibility if revised by law.* * The District shall provide up to seven and one half years of retiree benefits regardless of whether the minimum age of Medicare eligibility is revised by law. In such event, the District’s minimum age of eligibility for retiree benefits shall be amended accordingly. For example, if the Medicare age of 67 years of age, the District’s minimum age of eligibility for retiree benefits shall automatically be increased to 59.5. After age 65 or age of Medicare eligibility if revised by law (see * above), the District shall provide a Medicare Advantage Plan (MAPPO) as agreed upon by JHMB currently provided by the District that is comparable to Plan A as secondary to Medicare that the retiree shall pay for at the same rate as an active employee.
