Common use of Retirement Insurance Clause in Contracts

Retirement Insurance. 1. The District shall contribute $3000 per year, on a cumulative basis, into a Health Reimbursement Arrangement (HRA) effective the start of the fourth (4) year of employment. Contributions will be made annually through the twentieth (20) year of employment with the District, for a total District maximum contribution of $51,000. 2. The funds contributed by the District and placed in an HRA account for teachers hired after December 31, 2011, shall not vest with the employee until they complete twenty

Retirement Insurance. 1. The District shall contribute $3000 per year, on a cumulative basis, into a Health Reimbursement Arrangement (HRA) effective the start of the fourth (4) year of employment. Contributions will be made annually through the twentieth (20) year of employment with the District, for a total District maximum contribution of $51,000. 2. The funds contributed by the District and placed in an HRA account for teachers educators hired after December 31, 2011, shall not vest with the employee until they complete twenty