Common use of Early Retirement Program Clause in Contracts

Early Retirement Program. Under certain conditions a unit member who has not yet reached sixty-five (65) years of age, however the employee must have obtained the minimum age required by PERS, may retire and have the District make premium payments in full on behalf of the retiree and dependents for medical, hospital, dental, prescription card, and optical insurance coverage. Those conditions are as follows: 1. A unit member shall have at least twelve (12) years of service to the District; 2. A unit member's age added to the member's years of service to the District shall total at least the number seventy (70); 3. When a retiree under this program reaches sixty-five (65) years of age, the District shall provide a Medicare Supplement for retirees which shall include a prescription card and vision and dental plans.; 4. Classified employees hired after June 30, 2010, shall not be eligible for the health insurance benefits provided under Article 10.

Early Retirement Program. Under certain conditions a unit member who has not yet reached sixty-five (65) years of age, however the employee must have obtained the minimum age required by PERS, may retire and have the District make premium payments in full on behalf of the retiree and dependents for medical, hospital, dental, prescription card, and optical insurance coverage. Those conditions are as follows: (1. ) A unit member shall have at least twelve (12) years of service to the District; (2. ) A unit member's age added to the member's years of service to the District shall total at least the number seventy (70); (3. When ) when a retiree under this program reaches sixty-five (65) years of age, the District shall provide a Medicare Supplement for retirees which shall include a prescription card and vision and dental plans.; (4. ) Classified employees hired after June 30July 1, 20102004, shall will not be eligible for the health insurance benefits provided under Article 1010.2 after the age of 65.