Common use of Regular Retirement Clause in Contracts

Regular Retirement. ‌ Educators who choose regular retirement at age 65 or older with 10 or more years of DCC service may elect to continue in the College’s Health Insurance program. Those who elect to continue in the College’s health plan will share the costs of the insurance. The College will pay 70 percent of individual coverage or 55 percent of family coverage. Upon the death of an educator who has retired, health insurance will continue to be fully paid for the surviving spouse and dependent children for three full calendar months. At the end of the three months, the otherwise eligible surviving spouse and dependent children will have the option of continuing in the College health plan. Those electing to do so will be required to pay 100% of the monthly premium. An administrative fee of up to 10% of the premium may be charged as deemed necessary by the College. Educators who choose regular retirement are encouraged to give one semester notice to the College. Retirees shall be entitled to participate in the same health insurance plan(s) offered to active employees. The College agrees to reimburse Medicare eligible employees and their spouses for Medicare Part B expenses up to the listed base rate. This benefit shall be based upon the retiree reaching Medicare eligibility.

Regular Retirement. ‌ Educators who choose regular retirement at age 65 or older with 10 or more years of DCC service may elect to continue in the College’s 's Health Insurance program. Those who elect to continue in the College’s health plan will share the costs of the insurance. The College will pay 70 percent of individual coverage or 55 percent of family coverage. Upon the death of an educator who has retired, health insurance will continue to be fully paid for the surviving spouse and dependent children for three full calendar months. At the end of the three months, the otherwise eligible surviving spouse and dependent children will have the option of continuing in the College health plan. Those electing to do so will be required to pay 100% of the monthly premium. An administrative fee of up to 10% of the premium may be charged as deemed necessary by the College. Educators who choose regular retirement are encouraged to give one semester notice to the College. Retirees shall be entitled to participate in the same health insurance plan(s) offered to active employees. The College agrees to reimburse Medicare eligible employees and their spouses for Medicare Part B expenses up to the listed base rate. This benefit shall be based upon the retiree reaching Medicare eligibility.