Code No. 407.6E2
LICENSED EMPLOYEE EARLY RETIREMENT INSURANCE OPTIONS
Board policy 407.6, Licensed Employee Early Retirement, allows the employee to continue to participate in the school district's group health insurance plan until age 65 by meeting the requirements of the insurer.
Option 1 – The school district will continue to pay the costs of the individual health insurance premium expense.
Option 2 – The school district and the licensed employee will both be responsible for the cost of the health insurance premium. The expense of the school district will not exceed the premium amount paid by the school district for a single health insurance premium at the date of early retirement of the licensed employee. The licensed employee is responsible for any increase in premium costs and for dependent insurance and must pay the employee’s share of the monthly premium amount in full to the board secretary prior to the due date of the school district's premium payment to the insurance carrier.
Option 3 – The licensed employee is responsible for the cost of the health insurance premium. The licensed employee must pay the employee’s share of the premium by paying the monthly premium amount in full to the board secretary prior to the due date of the school district's premium payment to the insurance carrier.
The undersigned licensed employee (does, does not) wish to continue to participate in the school district's group health insurance plan.
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