Beginning in the 2018. 2019 school year, the District will contribute to approved health and insurance plans for eligible retirees as set forth in section 5.2. The District’s contribution will go toward any combination of District-approved medical insurance plans, dental insurance plans, vision insurance plans, exclusive of long-term disability, short-term disability and life insurance plans.
Beginning in the 2018. 2019 school year, the Board of Education shall pay each eligible retiree (as defined below) with an effective retirement date on or before June 30, 2026, a post-retirement xxxxxxx calculated as follows, for each year of full-time service as a certified teacher in District 33: $800 per year for serving 10-20 years in District 33 $1,000 per year for serving 21-25 years in District 33 $1,200 per year for serving 26 or more years in District 33 The employee shall be responsible for all taxes and payments required by law that may be applicable to the post-retirement payment.
