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 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. 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 X. Xx 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. 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 retirementDistrict. Time with the City of Saint Xxxx will not be counted toward this twenty (20) year requirement.