Common use of Maximum period of payment Clause in Contracts

Maximum period of payment. In addition, it is understood, that in no circumstance (even if the retired individual has accumulated sufficient funds to do so) will the district pay health insurance benefits beyond such time as the individual qualifies for Medicare/Medicaid. In addition it is understood that the District will only issue funds from the insurance reserve to individuals who retire from service to the Frewsburg District or because of circumstances beyond their control take a disability retirement and that these funds will only be disbursed for purposes of insurance premium payments (no cash settlements).

Maximum period of payment. In addition, it is understood, that in no circumstance (even if the retired individual has accumulated sufficient funds to do so) will the district pay health insurance benefits beyond such time as the individual qualifies for Medicare/Medicaid. In addition it is understood that the District will only issue funds from the insurance reserve to individuals who retire from service to the Frewsburg District or because of circumstances beyond their control take a disability retirement and that these funds will only be disbursed for purposes of insurance premium payments (no cash settlements).settlements).‌