Common use of Retirement Insurance Benefits Clause in Contracts

Retirement Insurance Benefits. 1. Bargaining unit members who have served continuously for ten (10) years in the District and who retire under the State Teacher’s Retirement System provisions (straight/disability retirement) after age fifty-five (55) may elect to have employee only medical and prescription drug plan continue at District expense with the retiree contributing as provided in H.8. above until such time as the retiree reaches the age of eligibility for Medicare or becomes eligible for Medicare or other government- funded health insurance programs. Xxxxxxxx retired unit members who have elected to continue their medical and prescription drug plan may also, at their own expense, elect to enroll eligible dependents by submitting monthly payments to the District. 2. Bargaining unit members who have served continuously for ten (10) years in the District and who retire under the above provisions after age fifty-five (55) may elect to have dental coverage continue at district expense with retiree contributing as provided in H.8. above for themselves and their dependents until such time the retiree reaches age sixty-five (65). Eligible dependents will cease to be covered by the dental plan when they reach age sixty-five (65).

Retirement Insurance Benefits. 1. Bargaining unit members who have served continuously for ten (10) years in the District and who retire under the State Teacher’s Retirement System provisions (straight/disability retirement) after age fifty-fifty- five (55) may elect to have employee only medical and prescription drug plan continue at District expense with the retiree contributing as provided in H.8. above until such time as the retiree reaches the age of eligibility for Medicare or becomes eligible for Medicare or other government- funded health insurance programs. Xxxxxxxx Eligible retired unit members who have elected to continue their medical and prescription drug plan may also, at their own expense, elect to enroll eligible dependents by submitting monthly payments to the District. 2. Bargaining unit members who have served continuously for ten (10) years in the District and who retire under the above provisions after age fifty-fifty- five (55) may elect to have dental coverage continue at district expense with retiree contributing as provided in H.8. above for themselves and their dependents until such time the retiree reaches age sixty-sixty- five (65). Eligible dependents will cease to be covered by the dental plan when they reach age sixty-sixty- five (65).