Common use of In Lieu Payments Clause in Contracts

In Lieu Payments. ‌ Certificated employees hired on or after July 1, 2003, or employees not currently receiving cash in lieu as of June 30, 2003, are not eligible for in lieu benefits. If an employee who was receiving cash in lieu as of June 30, 2003, can show evidence of comparable medical coverage, the District shall contribute the balance of the employee’s fringe benefit allowance [after dental benefits and Income Protection Insurance (if applicable) have been deducted from the cap] to a District sponsored 403b Retirement Plan (also called a TSA-Tax Sheltered Annuity). The District’s TSA eligible contributions shall be frozen at the level as of June 30, 2009. Any funds over the cap can be applied to other insurance benefits offered by the District as outlined in the respective bargaining agreements. In order for an eligible employee to qualify to receive medical Retiree Benefits from the District, they must re-enroll in one of the District-sponsored medical plans during the Open Enrollment period (enrollment to be effective October 1st) which occurs at least 21 months prior to the date of retirement.