Common use of College Faculty Clause in Contracts

College Faculty. College faculty who retire after the ages of fifty-five (55) with a minimum of fifteen (15) years of service in the District shall be eligible for a proportionate share of resources available from a pool of funds from the AFT’s share of the allocation formula to help defray the cost of District medical, dental, and vision insurance premiums. Faculty who retire under the provisions of 10.2.3 above shall receive the District provided coverage for medical, but shall be eligible for a proportionate share of resources to help defray the cost of the District dental and vision insurance premiums. The amount per retiree will vary from year to year based on the number of retirees participating and the cost of benefits. The contribution amount for the calendar year shall be determined and communicated to eligible retirees during each year’s Open Enrollment period. The amount contributed shall not exceed that which the District currently contributes for active tenured/tenure-track faculty members. Eligibility to receive these contributions shall cease the first of the month following the faculty member’s 65th birthday.