Common use of Tier One Benefits Clause in Contracts

Tier One Benefits. All retirees and their eligible dependents hired before July 1, 1994, shall be entitled to receive the medical and dental benefits package that was in effect at the date of the retirement. The District shall pay 100% of the retiree’s annual medical and dental premium and any difference in co-pays should the plan change from what they retired under. In addition to payment of minimum monthly employer contribution as determined by CalPERS in accordance with Resolution No. 14091601, the District will provide the contribution defined below to Tier One Retirees (hired before January 1, 1994) who meet eligibility requirements described herein. The District’s contribution shall consist of: 100% of the retiree’s annual medical and dental insurance premiums, minus the District’s minimum monthly employer contribution as determined by CalPERS in accordance with Board Resolution No. 14091601.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!