Common use of Separation Procedures Clause in Contracts

Separation Procedures. a. The health benefits of a teacher who leaves employment by resignation will remain in effect through the last day of the month of the departing teacher’s last pay period. b. Until September 1, 2017, the health benefits of a teacher who leaves employment due to retirement will remain in effect through the last day of the month of their last pay period. Effective September 1, 2017, the health benefits of a teacher who leaves employment due to retirement will remain in effect through the last day of the teacher’s contract, or official date of retirement, whichever is earlier. c. Any overpayment of premiums by the employee, due to advance payment of premiums, will be reimbursed. d. The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce and other life events. Qualified individuals may be required to pay the entire premium for coverage up to 102 percent of the cost to the plan. Payments of group rate premiums must be made by the fifteenth day of the month preceding the premium date. All federal laws apply. For updates and additional information, visit the Department of Labor at ▇▇▇.▇▇▇.▇▇▇.