Common use of Retiree Insurance Coverage Clause in Contracts

Retiree Insurance Coverage. The Board will offer health insurance to bargaining unit employees upon retirement, at the employee’s cost, only in the absence of the College Insurance Program (CIP) offered by the State of Illinois. The retiree must be: a. At least 55 years old; b. A full-time SRC employee for the 10 years immediately prior to his/her retirement;

Retiree Insurance Coverage. The Board will offer health insurance to bargaining unit employees Employees upon retirement, at the employeeEmployee’s cost, only in the absence of the College Insurance Program (CIP) offered by the State of Illinois. The retiree must be: a. At least 55 years old; b. A full-time SRC employee Employee for the 10 years immediately prior to his/her retirement;