Common use of Retirement Coverage Clause in Contracts

Retirement Coverage. The District agrees to maintain contributions for programs provided in Sections 12.1, 12.2.2, and 12.2.3 of this Article on the same basis as provided active employees in the bargaining unit for those persons who retire according to the following: 12.6.1 Employees between the ages of 50 and 54 after twenty (20) years of service to the District, or from the ages of 55 through 61 after fifteen (15) years of service to the District, or from ages 62 to 65 after ten (10) years of service to the District may retire, with the District providing the health and welfare benefits for employees to age 65, and eligible dependent(s) which they would have had if employed with the District. 12.6.2 Employees who retire are eligible at age 65 or over to participate in a District medical plan. The employee must have been a participating member of the plan prior to termination of district- paid benefits. 12.6.3 In the event that classified bargaining unit employees who retire under this program, or any other early retirement program, become ineligible to participate in the district-adopted health and welfare programs for any reason other than residency, the district shall have no further obligations under this early retirement program, and all benefits shall terminate immediately. If the reason for ineligibility is the residency of the participant, the district shall continue to contribute the same dollar amount as set forth in 12.6 above on behalf of the retiree, provided the conditions below are satisfied. 1. It shall be the responsibility of the bargaining unit employee to: a. Secure and enroll in a plan that provides for appropriate coverage for the retiree and any eligible dependents b. Pay the premiums for the plans elected directly to the insurer c. Provide the district with timely proof of payment at such time and in such a manner as required by the district 2. In the event the early retiree satisfies all of the conditions set forth in 1. a, b, and c above, the District shall reimburse the retiree for payments made to the insurer in an amount not to exceed the contribution set forth in 12.1, 12.2.2, and 12.2.3 above upon receipt of satisfactory information that the premium has been paid by the early retiree to the insurer or the early retiree enrolls in a District plan that provides out-of-area coverage.

Retirement Coverage. The District agrees to maintain contributions for programs provided in Sections 12.1, 12.2.2, and 12.2.3 of this Article on the same basis as provided active employees in the bargaining unit for those persons who retire according to the following: 12.6.1 Employees between the ages of 50 and 54 after twenty (20) years of service to the District, or from the ages of 55 through 61 after fifteen (15) years of service to the District, or from ages 62 to 65 after ten (10) years of service to the District may retire, with the District providing the health and welfare benefits for employees to age 65, and eligible dependent(s) which they would have had if employed with the District. 12.6.2 Employees who retire are eligible at age 65 or over to participate in a District medical plan. The employee must have been a participating member of the plan prior to termination of district- district-paid benefits. 12.6.3 In the event that classified bargaining unit employees who retire under this program, or any other early retirement program, become ineligible to participate in the district-adopted health and welfare programs for any reason other than residency, the district shall have no further obligations under this early retirement program, and all benefits shall terminate immediately. If the reason for ineligibility is the residency of the participant, the district shall continue to contribute the same dollar amount as set forth in 12.6 above on behalf of the retiree, provided the conditions below are satisfied. 1. It shall be the responsibility of the bargaining unit employee to: a. Secure and enroll in a plan that provides for appropriate coverage for the retiree and any eligible dependents. b. Pay the premiums for the plans elected directly to the insurer c. Provide the district with timely proof of payment at such time and in such a manner as required by the district 2. In the event the early retiree satisfies all of the conditions set forth in 1. a, b, and c above, the District shall reimburse the retiree for payments made to the insurer in an amount not to exceed the contribution set forth in 12.1, 12.2.2, and 12.2.3 above upon receipt of satisfactory information that the premium has been paid by the early retiree to the insurer or the early retiree enrolls in a District plan that provides out-of-area coverage.

Retirement Coverage. The District agrees to maintain contributions for programs provided in Sections 12.1, 12.2.2, and 12.2.3 of this Article on the same basis as provided active employees in the bargaining unit for those persons who retire according to the following: 12.6.1 Employees between the ages of 50 and 54 after twenty (20) years of service to the District, or from the ages of 55 through 61 after fifteen (15) years of service to the District, or from ages 62 to 65 after ten (10) years of service to the District may retire, with the District providing the health and welfare benefits for employees to age 65, and eligible dependent(s) which they would have had if employed with the District. 12.6.2 Employees who retire are eligible at age 65 or over to participate in a District medical plan. The employee must have been a participating member of the plan prior to termination of district- District-paid benefits. 12.6.3 In the event that classified bargaining unit employees who retire under this program, or any other early retirement program, become ineligible to participate in the district-District- adopted health and welfare programs for any reason other than residency, the district District shall have no further obligations under this early retirement program, and all benefits shall terminate immediately. If the reason for ineligibility is the residency of the participant, the district District shall continue to contribute the same dollar amount as set forth in 12.6 above on behalf of the retiree, provided the conditions below are satisfied. 1. It shall be the responsibility of the bargaining unit employee to: a. Secure and enroll in a plan that provides for appropriate coverage for the retiree and any eligible dependents b. Pay the premiums for the plans elected directly to the insurer c. Provide the district District with timely proof of payment at such time and in such a manner as required by the districtDistrict 2. In the event the early retiree satisfies all of the conditions set forth in 1. a, b, and c above, the District shall reimburse the retiree for payments made to the insurer in an amount not to exceed the contribution set forth in 12.1, 12.2.2, and 12.2.3 above upon receipt of satisfactory information that the premium has been paid by the early retiree to the insurer or the early retiree enrolls in a District plan that provides out-of-area coverage.