Plan B. The Trustees are directed to modify Plan B in a similar manner and with similar effect as in Plan A. In addition, the existing provisions governing the operation of Plan B shall continue as follows:
Plan B. Effective April 1, 2010 the following (Plan B) provision, upon application, is applicable to employees commencing a maternity leave on or after April 1, 2010.
Plan B. 1. In order to qualify for Plan B, a pregnant employee must:
Plan B. Where a teacher officially adopts a child, leave of absence may be granted under the same terms and conditions as outlined for Pregnancy/Parenting leave except for proof of pregnancy. The teacher shall notify the Board when initial approval of the adoption application is received from the adoption agency.
Plan B. Supplemental Adoption Allowance Pay shall be granted in accordance with the terms and conditions listed in clause 11.07 together with the following additional terms and conditions:
Plan B. 121 The Board shall provide the employee and his/her eligible dependents as defined in the agreed upon specifications, assigned for more than seven (7) hours per day not electing insurance benefits, as described in Section 18.1, Plan A, for a full twelve-(12) month period of each school year life insurance plus an additional cash payment of seventy-five ($75) dollars per month added to gross pay. .122 Term life insurance in the amount of fifty thousand ($50,000) dollars for the employee only. Such insurance protection shall be paid to the employee’s designated beneficiary. In the event of accidental death, the insurance (AD&D) will pay double the specified amount; in the event of accidental dismemberment, the insurance will pay according to the schedule. .123 Dependent Term Life Insurance in the amount of ten thousand ($10,000) dollars for each employee’s spouse and five thousand ($5,000) dollars for each dependent child as defined in the agreed upon specifications.
Plan B. A bargaining unit member who retires with the SERS with at least twenty (20) years of retirement service credit shall receive an incentive of thirty percent (30%) of the bargaining unit member’s annual base salary, excluding overtime pay.
Plan B. Supplemental Maternity Allowance Pay (SMAP) shall be granted in accordance with the terms and conditions listed in clause 11.01 together with the following additional terms and conditions:
Plan B. Effective the latter of:
Plan B. All employees and beneficiaries of those employees receiving a retirement 9 allowance under the provisions of this chapter on December 31 of the year their municipality 10 accepts this section, receive a cost of living adjustment equal to three percent (3%) of their original 11 retirement allowance. This adjustment is added to the amount of the retirement allowance as of 12 January 1 following acceptance of this provision, and an additional three percent (3%) of the 13 original retirement allowance, not compounded, is payable in each succeeding year in the month of
