Specifications for Retirees Only Sample Clauses

Specifications for Retirees Only. 9.3.1 Unit members shall be eligible for District retiree medical benefits only if they were initially employed by the District prior to July 1, 1990, eligible for District health benefits at the time of retirement, completed fifteen (15) consecutive years of service in the District, are at least fifty (50) years of age and receiving retirement benefits from PERS; subject to the following limitations: 9.3.2 Premiums paid for retirees will be $4,052.00 per year unless reduced through Medicare coverage under 9.3.3. 9.3.3 Modification of coverage at age 65: 1. Hospital and medical insurance is discontinued, however, 2. Supplemental insurance coverage to Federal Medicare (United States Code Title 18) will be paid by the District for those retirees and dependents who are enrolled in parts “A” and “B” of Medicare. a. Part "A" (Hospital) benefits may be obtained by either having sufficient work credit under Social Security or by premium payment by the retiree. b. Part "B" premium costs must be paid by the retiree or dependent. c. Premium payments may be paid directly to Medicare or by deduction from retirement checks. 3. Retirees and dependents must have given written notice to the District of the desire to receive Retirement Covered Service under the Agreement, and 4. Must have notified the insurance carrier within thirty (30) days prior to reaching age sixty-five (65).

Specifications for Retirees Only. 9.3.1 Unit members shall be eligible for District retiree medical benefits only if they were initially employed by the District prior to July 1, 1990, eligible for District health benefits at the time of retirement, completed fifteen (15) consecutive years of service in the District, are at least fifty (50) years of age and receiving 9.3.2 Premiums paid for retirees will be $4,052.00 per year unless reduced through Medicare coverage under 9.3.3. 9.3.3 Modification of coverage at age 65: 1. Hospital and medical insurance is discontinued, however, 2. Supplemental insurance coverage to Federal Medicare (United States Code Title 18) will be paid by the District for those retirees and dependents who are enrolled in parts “A” and “B” of Medicare. a. Part "A" (Hospital) benefits may be obtained by either having sufficient work credit under Social Security or by premium payment by the retiree. b. Part "B" premium costs must be paid by the retiree or dependent. c. Premium payments may be paid directly to Medicare or by deduction from retirement checks. 3. Retirees and dependents must have given written notice to the District of the desire to receive Retirement Covered Service under the Agreement, and 4. Must have notified the insurance carrier within thirty (30) days prior to reaching age sixty-five (65).