Common use of Retirement Health Insurance Clause in Contracts

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 January 1, 19961994, 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 to receive 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, 19961994, 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.twenty

Retirement Health Insurance. Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65 1.1 Employees hired into District service before January May 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 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 eight (5558) 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 May 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 20)-year requirement.