Common use of Option A Clause in Contracts

Option A. Upon an employee becoming eligible for Medicare the District shall contribute to the employee's medical benefits at a flat rate of $75 per month. This coverage shall continue until the employee reaches 75 years of age at which time the employee shall have the option of participating in the District medical plan at his/her own expense. The employee shall be responsible for paying the total administrative fee charged by the third party vendor. Option B Upon an employee becoming eligible for Medicare, the District will contribute to the employee's medical benefits at a flat rate of $100 per month. This coverage shall continue for a period of time equal to the number of years of service in the District. Employees must notify the District in writing of their retirement of their election of Option B by February 15 of the school year. When District payments stop, the employee shall have the option of participating in the District medical plan at his/her own expense. The employee shall be responsible for paying the total administrative fee charged by the third party vendor.