Retirement Insurance. Teachers submitting their resignation on or before December 1 of the school year of retirement, to be effective no later than the end of the same school term, and who retire at age fifty-five (55), or older shall receive fully paid major medical insurance for individual coverage only in the TRIP plan (formerly TRS medical insurance) program until the final month preceding the month the retired employee reaches age sixty-five (65). Retiring teachers shall choose either to continue their regular paychecks through August or to be paid their salary due in full on the first payroll in July immediately following the school year of retirement. For both payroll options, insurance coverage shall continue through the August immediately following the school year of retirement under the District’s plan and begin September 1 under the TRIP plan (formerly TRS medical insurance).
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
