Retirement Health Insurance. LSNYC shall permit retired employees who have been employed for a minimum of 25 years and are at least 62 years of age to remain in LSNYC’s group medical plans at their own expense. Eligibility under this provision shall expire upon eligibility for Medicare.
Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65
1.1 Employees must have completed the following conditions at the time of retirement to qualify for any District contribution of premium payment for health insurance or life insurance:
1.1.1 Be eligible for pension benefits from the Saint Xxxx Teachers Retirement Association or other public employee retiree program at the time of retirement and have severed the employment relationship with the District;
1.1.2 Must have completed at least 15 years of continuous employment with the District prior to retirement.
Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65
1.1 Employees hired into District service before January 1, 1996, must have completed the following service eligibility requirements with Independent School District No. 625 prior to retirement in order to be eligible for any payment of any insurance premium contribution by the District after retirement:
A. Be eligible for pension benefits from PERA, St. Xxxx Teachers Retirement Association or other public employee retiree program at the time of retirement and have severed the employment relationship with Independent School District 625;
B. Must be at least fifty-five (55) years of age and have completed twenty-five (25) years of service, or;
C. The combination of their age and their years of service must equal eighty-five (85) or more, or;
D. Must have completed at least thirty (30) years of service, or;
E. Must have completed at least twenty (20) consecutive years of service within Independent School District No. 625 immediately preceding retirement.
1.2 Employees hired into District service after January 1, 1996, must have completed twenty (20) years of service with Independent School District No. 625. Time with the City of Saint Xxxx will not be counted toward this twenty (20) year requirement.
Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65
1.1 Employees hired into District service before July 1, 1996, must have completed the following service eligibility requirements with Independent School District No. 625 prior to retirement in order to be eligible for any payment of any insurance premium contribution by the District after retirement:
A. Be receiving pension benefits from PERA, St. Xxxx Teachers Retirement Association or other public employee retiree program at the time of retirement and have severed the employment relationship with Independent School District 625;
B. Must be at least fifty-five (55) years of age and have completed twenty-five (25) years of service, or;
C. The combination of their age and their years of service must equal eighty-five (85) or more, or;
D. Must have completed at least thirty (30) years of service, or;
E. Must have completed at least twenty (20) consecutive years of service within Independent School District No. 625 immediately preceding retirement.
F. Employees hired into the District on or after January 1, 2014, will not be eligible for any district contribution toward health insurance upon retirement.
1.2 Employees hired into District service after July 1, 1996, must have completed twenty (20) years of service with Independent School District No. 625. Time with the City of Saint Xxxx will not be counted toward this twenty (20)-year requirement.
Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65
1.1 Employees hired into District service before May 1, 1996, must have completed the following service eligibility requirements with the District prior to retirement in order to be eligible for any payment of any insurance premium contribution by the District after retirement:
A. Be eligible for pension benefits from PERA, St. Xxxx Teachers Retirement Association or other public employee retiree program at the time of retirement and have severed the employment relationship with the District.
B. Must be at least fifty-five (55) years of age and have completed twenty-five (25) years of service, or;
C. The combination of their age and their years of service must equal eighty-five (85) or more, or;
D. Must have completed at least thirty (30) years of service, or;
E. Must have completed at least twenty (20) consecutive years of service within the District immediately preceding retirement.
F. Employees hired into the District on or after January 1, 2014, will not be eligible for any district contribution toward health insurance upon retirement.
1.2 Employees hired into District service after May 1, 1996, must have completed twenty (20) years of service with the District immediately preceding retirement. Time with the City of Saint Xxxx will not be counted toward this twenty (20) year requirement.
Retirement Health Insurance. All employees hired prior to June 30, 2000 and who have taught in the Xxxxxx School District for at least ten (10) years and retiring after June of 1997 will be eligible for the health insurance plan available to active employees consistent with the terms of the collective bargaining agreement at the same co-pay as active employees. If the retired teacher is eligible for and desires to have two-person or family coverage rather than single coverage, the retired teacher is responsible to pay any difference in cost which an active teacher must pay for the additional coverage. This difference is the co-payment. The retiree’s share of the insurance premium is to be paid to the district office in advance of the due date of payment to the health insurance carrier. If the retiree fails to pay the retiree’s share as specified, the coverage will lapse without liability to the Xxxxxx School District. Coverage will continue to age 65, after which the Board will pay on the same basis toward membership in the appropriate Medicare Supplemental program offered by the District’s insurance carrier. Any who retired prior to July 1, 1989 and are ineligible for this benefit, will become eligible if the state laws are altered to permit participation by these persons. Employees hired after June 30, 2000 must have taught in the Xxxxxx School District at least fifteen (15) years to be eligible for the same benefits as above.
Retirement Health Insurance. Benefits 6-2
Retirement Health Insurance. A) In order to be eligible for the benefit provided herein, the employee must have the following:
1) Twenty
Retirement Health Insurance. A. The Executive Secretary shall be entitled to be enrolled in the Plymouth County Retirement Plan, the cost of which is borne jointly by the Town and the Executive Secretary.
B. The Executive Secretary shall be entitled to enroll in one of the health insurance programs offered by the Town. The Town shall pay a portion of his health insurance premium which is dictated by the health insurance program of his choice.
Retirement Health Insurance. Teachers retiring under the Early Retirement Incentive (above in Section 2 of this Article) shall be eligible for 100% of the single health insurance premium payable under the following conditions: (No teacher employed after July 1, 1989, shall be eligible for any provision of this section.)
Subd. 1. The full amount of the single insurance premium shall be capped at its cost at the time of retirement for those retiring at the end of the 2019-2020 and 2020-2021 years. For teachers retiring from a leave of absence, the full amount of the premium for single insurance shall be capped at its cost at the time the teacher went on leave.
Subd. 2. District payments shall continue from the age of retirement until eligibility for Medicare or when due to disability the retiree becomes eligible for Medicare. If disabled, the teacher must apply for Medicaid/Medicare and notify the district when eligible for Medicaid/Medicare due to disability.
Subd. 3. District maximum payments shall remain at the identical level established in the year of retirement for the teacher as determined by the applicable single rate of the plan in which the teacher is participating at the time of retirement. Monthly payments to the School District for the balance of the premium shall be made by the retiree to keep the policy in force.
Subd. 4. Dependent coverage may also be purchased under the conditions outlined in Subd. 3 above.
Subd. 5. The employee who opts to pay for a full year’s coverage (July through June) will not be charged the 2% COBRA management fee. In the event that a death results in a change in premium, the remaining difference shall be returned to the survivor upon request.
Subd. 6. The District will retain the right to determine the health insurance plan and network.
