Retirement Insurance Benefit. In addition to the retirement benefits above, a certified employee who has ten years of uninterrupted service as an employee with the Bluffton-Xxxxxxxx Metropolitan School District and retires between the ages of fifty-five (55) and Medicare eligible, the Board shall contribute $15,000 to the eligible retiree’s post employment health reimbursement arrangement account.
Retirement Insurance Benefit. An individual who is employed as a bargaining unit member at the time of retirement or severance from employment will be eligible for the following insurance benefits provided the Teacher has otherwise satisfied the requirements and conditions described below.
Retirement Insurance Benefit i. Contract classified employees who retire under the provisions of the Utah State Retirement System may continue to participate in the district's health, major medical and life insurance programs on a self pay basis until the age at which they qualify for Medicare regardless of the number of years.
Retirement Insurance Benefit. Upon the first year and only the first year of retirement, the District will pay an insurance benefit to the school’s insurance carrier equal to: Per Month Total Single premium: $122.00 $1464 Two-party premium: $253.00 $3036 Family: $293.00 $3516 Employee/Child $222.00 $2664 Medicare $ 51.00 $ 612 This benefit will begin on September 1 following retirement and continue for the next twelve months. This benefit is applicable only if retiree chooses to stay as a member of the school insurance.
Retirement Insurance Benefit. Employees choosing to retire with a minimum of twelve (12) years' experience as an employee in Xxxxxxxx High School District 205, the Board will pay seventy-five percent (75%) of the premium for single health insurance coverage not to exceed $5,000 in one (1) given year for a period not to exceed five (5) consecutive years provided the employee elects a Board/Union agreed to HMO/PPO health insurance program. The retirement insurance premium will be set annually by the District for the subsequent years and all participants may elect installments as agreed upon by the Director of Business Affairs. Upon attaining Medicare eligibility, “premium for single health insurance coverage” will be the premium cost for the District's plan offered to employees to serve as secondary and supplemental to primary Medicare coverage.
Retirement Insurance Benefit. When an employee retires, they will be eligible to use 50% of their accumulated, uncompensated and unused sick time, based on their last day base hourly rate, for all medical expenses eligible under IRS guidelines. A report shall be prepared by the Village at time of retirement to indicate the amount of accumulated Retirement Insurance Benefit and shall be updated no later than December 1 of each following year. For the purposes of clarifying this section, retiring shall mean an employee with at least 20 years of pension service and having attained age 50 or the granting of a disability pension. Anyone with 20 years of pension service but less than age 50, will receive this benefit upon reaching their 50th birthday.
Retirement Insurance Benefit. Employees will be responsible for choosing an investment option for their accounts. The health insurance retirement account will be established and the Village will begin contributions by May 1, 2006 and continue thereafter. ARTICLE XIV – TUITION REIMBURSEMENT AND TRAINING PROGRAMS
Retirement Insurance Benefit. For those employees choosing to retire and have a minimum of twelve (12) years' experience as a Buildings, Grounds and Maintenance employee in High School District 205, the Board will pay fifty percent (50%) of the premium for single health insurance coverage not to exceed $1,250.00 in one (1) given year for the period not to exceed five (5) consecutive years provided the employee elects a Board Union agreed to HMO/PPO health insurance program. The benefit expires as soon as the employee reaches Medicare eligibility.
Retirement Insurance Benefit. Any administrator who retires from the District shall have the option of continuing at his/her own expense all health insurance coverage to age sixty-five (65). *The employee shall have no cash option.
Retirement Insurance Benefit. 27 Severance Pay 27 Advance Retirement Notification Benefit 29 Section 125 – Flexible Fringe Benefit Plan ................................................................................................................ 29............................................................................................................ Tuition Reimbursement ................................................................................................................ 29............................................................................................................ Criminal Background Checks for Current Employees ................................................................................................................ 30............................................................................................................ Article VIII – Direct Compensation................................................................... 30 Extracurricular Stipend Schedule 30 Base Salary 30 Tax Deferred Salary (Employer/Teacher Savings Plan) 30 VEBA 30 Length of Service and Performance Annuity (Employer Contribution) 32 Extended Contracts 32 Paydays ................................................................................................................ 32............................................................................................................ Teacher’s Contribution to the Indiana State Teacher’s Retirement Fund 33 Employment of a Retired Teacher in a Shortage Area ................................................................................................................ 33............................................................................................................ Article IX – Term of Contract 34 Appendix 1 – Grievance Form 36 Appendix 2-A – Extra-Curricular Stipend Schedule 37 Appendix 2-B – Grandfather Extra-Curricular Stipend Schedule 42 Appendix 3-A – Compensation Model Specifications 43 Appendix 3-B – New Teacher Hiring Schedule 45 Appendix 3-C – One-Time Stipends 46 Appendix 3-D – Ancillary Duty Compensation 49 Appendix 4 – Sick Leave Bank Enrollment Form 51 Appendix 5 – ECA Memorandum of Understanding 52 THE BOARD OF SCHOOL TRUSTEES OF THE XXXXXXXX COUNTY SCHOOLS, XXXXXXXX COUNTY, STATE OF INDIANA, AND THE XXXXXXXX COUNTY CLASSROOM TEACHERS' ASSOCIATION HEREBY AGREE AS FOLLOWS: ARTICLE I
