Common use of Retired Employees Clause in Contracts

Retired Employees. Employees retiring shall be allowed to purchase the group health and medical insurance policy adopted by the School Board at the Board rate. Premiums for the group health and medical policy will be payroll deducted from the employee’s monthly State Retirement paycheck, provided said retirement paycheck is sufficient to cover the premium deduction. If the monthly retirement paycheck is not sufficient to cover the premium deduction, the retiree will be billed on a monthly basis by the Board.

Retired Employees. Employees retiring upon official retirement shall be allowed to purchase the group health and medical insurance policy adopted by the School Board at the Board rate. Premiums for the group health and medical policy will be payroll deducted from the employee’s monthly State Retirement paycheck, provided said retirement paycheck is sufficient to cover the premium deduction. If the monthly retirement paycheck is not sufficient to cover the premium deduction, the retiree will be billed on a monthly basis by the Board.

Retired Employees. Employees retiring upon official retirement shall be allowed to purchase the group health and medical insurance policy adopted by the School Board at the Board rate. Premiums for the group health and medical policy will be payroll deducted from the employee’s 's monthly State Retirement paycheck, provided said retirement paycheck is sufficient to cover the premium deduction. If the monthly retirement paycheck is not sufficient to cover the premium deduction, the retiree will be billed on a monthly basis by the Board.

Retired Employees. Employees retiring upon official retirement shall be allowed to purchase the group life, health and medical insurance policy adopted by the School Board at the Board rate. Premiums for the group health and medical policy will be payroll deducted from the employee’s 's monthly State Retirement paycheck, provided said retirement paycheck is sufficient to cover the premium deduction. If the monthly retirement paycheck is not sufficient to cover the premium deduction, the retiree will be billed on o n a monthly basis by the Board.