Common use of Retiree Medical Benefits Clause in Contracts

Retiree Medical Benefits. Teachers who retired from the Monroe County Community School Corporation prior to August 15, 2004 and who had completed ten years of employment with the MCCSC receive the same Board contributions toward the medical and dental insurance program premiums as do active employees of the Monroe County Community School Corporation until the month before the retired teacher becomes eligible for Medicare coverage as prescribed by 42 USC 1395 et. seq. as in effect on August 15, 2005, unless the retiree elects to discontinue such coverage earlier. In order to be eligible for such continuation of coverage, the retiree must have been enrolled in the plan or plans they wished to continue in the school year immediately preceding retirement unless otherwise eligible pursuant to IC 5-10-8-2.6 Teachers who retire on or after August 15, 2004 who have completed at least 10 years of continuous service with MCCSC and qualify for unreduced Teachers’ Retirement Fund benefits shall remain on the MCCSC medical and dental plans until the retired teacher becomes eligible for Medicare by paying the full premium.

Retiree Medical Benefits. Teachers who retired from the Monroe County Community School Corporation prior to August 15, 2004 and who had completed ten years of employment with the MCCSC receive the same Board contributions toward the medical and dental insurance program premiums as do active employees of the Monroe County Community School Corporation until the month before the retired teacher becomes eligible for Medicare coverage as prescribed by 42 USC 1395 et. seq. as in effect on August 15, 2005, unless the retiree elects to discontinue such coverage earlier. In order to be eligible for such continuation of coverage, the retiree must have been enrolled in the plan or plans they wished to continue in the school year immediately preceding retirement unless otherwise eligible pursuant to IC 5-10-8-2.6 Teachers who retire on or after August 15, 2004 who have completed at least 10 years of continuous service with MCCSC and qualify for unreduced Teachers’ Retirement Fund benefits shall remain on the MCCSC medical and dental plans until the retired teacher becomes eligible for Medicare age 65 by paying the full premium.