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.
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Samples: Labor Agreement, Labor Agreement, Labor Agreement
