BENEFIT WHO PAYS ELIGIBILITY BENEFITS RECEIVED RETIREMENT PLAN. MEDICAL The College Upon completion of 10 years of benefited consecutive service and SURS minimum requirement to receive annuity submits notice of intention to retire to supervisor at least 3 months, but not more than 18 months Eligible retiree reimbursed up to $2,200for medical insurance coverage to age 65. $10,000 paid life insurance policy is also issued to retiree for up to 5 years after retirement. TUITION WAIVER Employee pays 1/2 of tuition at in-district rates, plus all fees Upon completion of 10 years of benefited consecutive service and SURS minimum requirement to receive annuity submits notice of intention to retire to supervisor at least 3 months, but not more than 18 months Retirees and their eligible dependents may take credit classes through the College, paying 1/2 of the in district rates plus all fees. The Board contribution to insurance premiums will be capped at the prior year contribution plus the prior year cost of living increase. Should the insurance premiums increase by more than the prior year cost of living increase in any given year, the Insurance Advisory Committee will meet and recommend plan design changes necessary to reduce the premium increase to the published cost of living. Should the Insurance Advisory Committee fail to make recommendations, the Board will determine the changes necessary. Benefits are subject to change – see plan documents as applicable.
