Common use of UDISTRICT PAID INSURANCE PREMIUMS FOR RETIREES Clause in Contracts

UDISTRICT PAID INSURANCE PREMIUMS FOR RETIREES. U 1. The District shall provide the annual fringe benefit entitlement for insurance coverage as described in Article XVIII with a District contribution limited to the amount paid by the District during the employee's last year of service. Said employees shall have reached the age of fifty-five (55) years and shall have been employed in the Lemoore Elementary School District for ten (10) consecutive school years prior to retirement and be within 10 years of Medicare eligibility. An authorized leave of absence or sabbatical leave shall not be considered a break in consecutive years. 2. During the above 10 consecutive years, the employee shall have been qualified for full regular benefits. A layoff due to lack of funds or abolishment of position does not disrupt the above-mentioned 10 consecutive years qualification if the employee returns within a 39 month period. It is understood that the period that the employee does not work does not count toward the 10 consecutive years. 3. If the employee quits and then returns, it is understood that the employee has disrupted the 10 consecutive years required for retirement. Any retired employee who is receiving health benefits under this clause and becomes eligible for Social Security/Medicare Plan A benefits shall have their District health benefits terminated. 4. Such continued coverage is available only for retirees who maintained coverage as an active employee and sign up for continued coverage immediately after the end of their employment without a break in coverage. 5. A retired employee who does qualify under the above provision electing individual coverage shall submit the monthly premium payment to the Lemoore Union School District prior to the 15th of each month. Retired, Medicare eligible employees and their spouses, age 65 years and older, would be eligible for Medicare Supplement Insurance coverage offered by the District’s current medical provider. 6. Premium for any of the above coverage would be paid by the retired employee; and/or surviving spouse to the District. It is the responsibility of the retiree or surviving spouse to have said payment to the District ten (10) days prior to the end of each month. If a retiree or surviving spouse becomes delinquent in payment and wishes to continue coverage, they must then make quarterly payments no later than the 10th of the month prior to the beginning of the quarter, however, if the retiree or surviving spouse fails to make quarterly payments benefits will be terminated.

UDISTRICT PAID INSURANCE PREMIUMS FOR RETIREES. U 1. The District shall provide the annual fringe benefit entitlement for insurance coverage as described in Article XVIII with a District contribution limited to the amount paid by the District during the employee's last year of service. Said employees shall have reached the age of fifty-five (55) years and shall have been employed in the Lemoore Elementary School District for ten (10) consecutive school years prior to retirement and be within 10 years of Medicare eligibility. An authorized leave of absence or sabbatical leave shall not be considered a break in consecutive years. 2. During the above 10 consecutive years, the employee shall have been qualified for full regular benefits. A layoff due to lack of funds or abolishment of position does not disrupt the above-mentioned 10 consecutive years qualification if the employee returns within a 39 month period. It is understood that the period that the employee does not work does not count toward the 10 consecutive years. 3. If the employee quits and then returns, it is understood that the employee has disrupted the 10 consecutive years required for retirement. Any retired employee who is receiving health benefits under this clause and becomes eligible for Social Security/Medicare Plan A benefits shall have their District health benefits terminated. 4. Such continued coverage is available only for retirees who maintained coverage as an active employee and sign up for continued coverage immediately after the end of their employment without a break in coverage. 5. A retired employee who does qualify under the above provision electing individual coverage shall submit the monthly premium payment to the Lemoore Union School District prior to the 15th of each month. Retired, Medicare eligible employees and their spouses, age 65 years and older, would be eligible for Medicare Supplement Insurance coverage offered by the District’s current medical provider. 65. Premium for any of the above coverage would be paid by the retired employee; and/or surviving spouse to the District. It is the responsibility of the retiree or surviving spouse to have said payment to the District ten (10) days prior to the end of each month. If a retiree or surviving spouse becomes delinquent in payment and wishes to continue coverage, they must then make quarterly payments no later than the 10th of the month prior to the beginning of the quarter, however, if the retiree or surviving spouse fails to make quarterly payments benefits will be terminated.