Common use of Retiree Benefit Program Clause in Contracts

Retiree Benefit Program. Unit members retiring under STRS between the ages of 50 and 65 (and their eligible dependents), having completed at least ten (10) years of service with the District shall be entitled to up to five (5) years of District paid benefits, not to exceed age 65. The district contributions shall be the same as active employees, subject to the same premium cap. Members hired after July 1, 2007 must meet the above listed requirements but have at least fifteen (15) years of service with the district. Bargaining unit members participating in the pre-retirement reduced workload program are likewise entitled to this provision. Bargaining unit members serving in part-time assignments shall receive a prorated contribution. This provision shall expire no later than the bargaining unit member’s sixty- fifth (65th) birthday.

Retiree Benefit Program. Unit members retiring under STRS between the ages of 50 and 65 (and their eligible dependents), having completed at least ten (10) years of service with the District shall be entitled to up to five (5) years of District paid benefits, not to exceed age 65. The district contributions shall be the same as active employees, subject to the same premium cap. Members hired after July 1, 2007 must meet the above listed requirements but have at least fifteen (15) years of service with the district. Bargaining unit members participating in the pre-retirement reduced workload program are likewise entitled to this provision. Bargaining unit members serving in part-time assignments shall receive a prorated contribution. This provision shall expire no later than the bargaining unit member’s sixty- sixty-fifth (65th) birthday.

Retiree Benefit Program. Unit members retiring under STRS between the ages of 50 and 65 (and their eligible dependents), having completed at least ten (10) years of service with the District shall be entitled to up to five (5) years of District paid benefits, not to exceed age 65. The district contributions shall be the same as active employees, subject to the same premium cap. Members hired after July 1, 2007 must meet the above listed requirements but have at least fifteen (15) years of service with the district. Bargaining unit members participating in the pre-pre- retirement reduced workload program are likewise entitled to this provision. Bargaining unit members serving in part-time assignments shall receive a prorated contribution. This provision shall expire no later than the bargaining unit member’s sixty- sixty-fifth (65th) birthday.