Common use of Retiree Subsidy Clause in Contracts

Retiree Subsidy. For calculation of pooling for insurance benefits, the District shall pass on the state rates each school year. The District will pay $20.00/FTE towards the retiree subsidy per month. Any additional subsidy cost will be paid from the pool. Effective January 1, 2020 the retiree subsidy is included in the state-designated employer contribution per eligible employee per month.

Retiree Subsidy. For calculation of pooling for insurance benefits, the District shall pass on the state rates each school year. The District will pay $20.00/FTE towards the retiree subsidy per month. Any additional subsidy cost will be paid from the pool. Effective January 1, 2020 the retiree subsidy is included in the state-state- designated employer contribution per eligible employee per month.