Years of full time and part-time professional education employment prior to the current reporting school year are accumulated as follows:
Years of full. Time Service for employees hired prior to January 1, 2009 The Group Insurance Program as negotiated will be provided for retirees, but not the spouse or dependents, from employee’s date of retirement to age sixty-five (65), provided the employee had fifteen (15) years of full-time service at his normal or early retirement date and attained at least age fifty-five (55). The Town will pay the full cost of the coverage in effect (Century Preferred PPO Plan). A spouse may be included at retiree’s full cost, if paid in advance monthly or quarterly. A terminated vested employee who leaves the Town service and who subsequently retires will not be eligible for this coverage regardless of years of service. The Town will continue to the full cost of the medical coverage upon employee’s retirement unless employee has similar group coverage with a new employer. At age sixty-five (65), the Town will assume full cost of supplemental Medicare or Medicare Risk coverage per the retirees’ choice, but not spouse; spouse may be included provided retiree pays full cost, in advance, monthly or quarterly.
Years of full. Time Service for employees hired prior to January 1, 2009 The Group Insurance Program as negotiated will be provided for retirees, but not the spouse or dependents, from employee’s date of retirement to age sixty-five (65), provided the employee had fifteen (15) years of full-time service at his normal or early retirement date and attained at least age fifty-five (55). The Town will pay the full cost of the coverage in effect (HDHP with HSA) plus one thousand dollars ($1000.00) in lieu of the employer’s HSA contribution. A spouse may be included at retiree’s full cost, if paid in advance monthly or quarterly. A terminated vested employee who leaves the Town service and who subsequently retires will not be eligible for this coverage regardless of years of service. The Town will continue to the full cost of the medical coverage upon employee’s retirement unless employee has similar group coverage with a new employer. At age sixty-five (65), the Town will assume full cost of supplemental Medicare or Medicare Risk coverage per the retirees’ choice, but not spouse; spouse may be included provided retiree pays full cost, in advance, monthly or quarterly.
