Common use of Retirement Coverage Clause in Contracts

Retirement Coverage. The Employer shall provide health insurance premiums for a retired employee and dependents for the life of this Agreement, pursuant to the following conditions: a. Employees hired by January 1, 2014, shall have attained a minimum age of 50 years. Employees hired after January 1, 204, shall have attained a minimum age of 55 years. b. Employees hired by January 1, 2014, shall have provided a minimum of ten (10) years of continuous service in the ▇▇▇▇▇ Unified School District. Employees hired after January 1, 2014, shall have provided a minimum of fifteen (15) years of continuous service in the ▇▇▇▇▇ Unified School District. Employees shall have been in full time status (as defined in Paragraph 1) for a minimum of seven (7) years prior to retirement in order to be eligible for retiree benefits. c. For employees that retire prior to June 30, 2015 the amount the District will contribute towards retiree medical premiums shall be capped annually at $15,000.00. d. For employees hired prior to January 1, 2014 that retire after June 30, 2015, the amount the District will contribute towards retiree medical premiums shall be capped annually at $12,000.00. e. For employees hired after January 1, 2014 the amount the District will contribute towards retiree medical premiums shall be capped annually at $8,400.00. f. The employee shall be included in the program to a maximum of five (5) years, or when eligible for Medicare, whichever comes first. Coverage past the maximum shall be available at employee expense. g. The employee shall apply for MediCare when eligible. h. The surviving spouse of a retired employee shall be entitled to any unused benefits under Section “f” above, with the same restrictions. i. In the event national health care reform efforts presently underway result in a nation-wide program which would have an impact on retirees covered under this program, the Association agrees to meet and negotiate paragraph 4 of Article III B in this agreement.

Retirement Coverage. The Employer District shall provide health insurance premiums for a retired employee employees and their dependents for the life of this Agreement, pursuant to the following conditions: a. Employees hired by January 1, 2014, shall have attained a minimum age of 50 years. Employees hired after January 1, 204, 2014 shall have attained a minimum age of 55 years. b. Employees hired by January 1, 2014, 2014 shall have provided a minimum of ten (10) years of continuous service in the ▇▇▇▇▇ Unified School District. Employees hired after January 1, 2014, 2014 shall have provided a minimum of fifteen (15) years of continuous service in the ▇▇▇▇▇ Unified School District. Employees shall have been in full time status (as defined in Paragraph 1) for a minimum of seven (7) years prior to retirement in order to be eligible for retiree benefits. c. For employees that who retire prior to June 30, 2015 2015, the amount the District will contribute towards retiree medical premiums shall be capped annually at $15,000.00. d. For employees hired prior to January 1, 2014 that who retire after June 30, 2015, the amount the District will contribute towards retiree medical premiums shall be capped annually at $12,000.00. e. For employees hired after January 1, 2014 2014, the amount the District will contribute towards retiree medical premiums shall be capped annually at $8,400.008,400. f. The employee shall be included in the program to for a maximum of five (5) years, or when eligible for Medicare, whichever comes first. Coverage past the maximum shall be available at employee expense. g. The employee shall apply for MediCare when eligible. h. The surviving spouse of a retired employee shall be entitled to any unused benefits under Section “"f” above, with the same restrictions. i. In the event national health care reform efforts presently underway result in a nation-wide program which would have an impact on retirees covered under this program, the Association agrees to meet and negotiate paragraph 4 of Article III B in of this agreementAgreement.