EARLY/DISABILITY RETIREMENT. Early retirement is an option for all classified employees who have been accepted by the California Public Employees’ Retirement System (CalPERS). Benefits shall be provided to new retirees, subject to the formulas described below. The annual cost of premiums paid by the District for medical, dental, vision, and life insurance for retirees and eligible dependents shall be the same as that paid by the District for active bargaining unit members. Retirees shall be responsible for any costs above the District’s annual contribution. A bargaining unit member on unpaid leave of absence or who upon retirement is ineligible for the district group health and welfare under the provisions of this article, may continue to participate in the District group health and welfare program, including medical, dental, and vision care, on a self-pay basis. In addition, the spouse or registered domestic partner of a retiring unit member, or the surviving spouse or registered domestic partner of a former unit member who either retired or was a District employee at the time of death, may elect to enroll, on a self-pay basis. This enrollment must occur within thirty (30) days of retirement or death of their spouse or registered domestic partner, in any health, dental, or vision insurance plan currently offered through the District to current employees. This does not apply to either the new spouse or registered domestic partner upon the remarriage of a surviving spouse or registered domestic partner of a former unit member or the children of a current or former unit member. The District will make contributions for a period of time based on years of service as described below: If the age of the bargaining unit member, at the time of retirement, plus years of service equal sixty-five (65), the retiree will receive 10 years of benefits, or until the retiree becomes eligible for Medicare, whichever comes first. For every additional two years of age plus years of service, the retiree will receive an additional year of benefits, up to 15 years, or until the retiree becomes eligible for Medicare, whichever comes first.
EARLY/DISABILITY RETIREMENT. Early retirement is an option for all classified employees who have been accepted for early retirement (service/disability) by the California Public Employees’ Retirement System (CalPERS). Benefits described below shall be paid to any bargaining unit member who has been accepted for early retirement by XxxXXXX, has attained the age of 50 years, and has completed at least ten (10) years of service with the District. Benefits explained below are also available to classified employees who are on disability retirement and completed at least ten (10) years of service to the District. The cost of premiums for medical, dental, vision, and life insurance in effect at the time of retirement will be paid by the District with the retiree paying $40 per month for a total of $480 per year. The District will make contributions for a period of time based on years of service as described below: Ten (10) years of service: ten years of benefits, or until the retiree reaches medicare eligible age in effect at the time of retirement, whichever comes first. Fifteen (15) years of service: fifteen years of benefits, or until the retiree reaches medicare eligible age in effect at the time of retirement, whichever comes first. These provisions apply only to bargaining unit members that retire on or after the effective date of ratification of this agreement.
