Common use of Post Retirement Health Care Benefit Clause in Contracts

Post Retirement Health Care Benefit. Teachers who separate on or after January 1, 2008 from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Teachers who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the teacher separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. A teacher who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollars ($250) contribution to the MSRS Health Care Savings Plan. Teachers are eligible for this benefit only once.

Post Retirement Health Care Benefit. Teachers who separate on or after January 1, 2008 from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Teachers who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the teacher separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. A teacher who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollars dollar ($250) contribution to the MSRS Health Care Savings Plan. Teachers are eligible for this benefit only once.

Post Retirement Health Care Benefit. Teachers who separate on or after January 1, 2008 from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Teachers who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the teacher separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. A teacher who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollars dollar ($250) contribution to the MSRS Health Care Savings Plan. Teachers are eligible for this benefit only once.