Eligibility and Application
Any regular full or part-time teacher with at least 15 consecutive years of employment in the District, who is eligible to receive the District health insurance benefit and is electing to take the District’s group health insurance plan at the time when the retirement request is submitted, and who is eligible to receive benefits from the Wisconsin Retirement System is eligible to participate in the health retirement benefit described below. For part-time teachers hired prior to 7/1/1997, the years of service criteria will be based upon the total number of years of service rather than cumulative FTE (seniority).
Teachers age 55 or 56, who meet the aforementioned years of service criteria, may maintain participation in the District’s group health insurance plan at no cost to the District until age 57. Teachers may retire only at the end of a school year.
Retirement benefits described below are available to teachers who retire from their regular duties, age 57 up to Medicare eligibility, not to exceed eight years. Health retirement benefits cease upon Medicare eligibility, or eight years from the date of retirement, whichever comes first. Participants in the health retirement benefit must maintain continuous coverage in the District’s group health insurance plan from the time of retirement and up to the time of achieving Medicare eligibility (not to exceed eight years). Should a participant in the health retirement benefit cause a break in coverage to occur with the District’s group health insurance plan prior to achieving Medicare eligibility, the health retirement benefit shall cease.
This policy shall not apply to any teacher who is discharged or non-renewed.
The request for participation in the health retirement benefit must be filed with the district administrator (or designee) no later than the Friday prior to the March Personnel Services Committee meeting for retirement at the end of the school year.
Rev: 2-13-2017, 7-9-2018, 3-8-2021
Benefits
For those teachers who are eligible and maintain continuous coverage in the District’s group health insurance plan, the Board shall contribute an amount of money which is the lesser of 85% of the premium for active employees, or 85% of the group health insurance premium during the last year of their employment towards either the annual single or family premium for health insurance.
If the employee receives any unemployment compensation or disability insurance benefits from the District during the period of time designated for receipt of the health retirement benefit, all benefits associated with this section shall cease.
A teacher electing to participate in the health retirement benefit under this provision forfeits all full-time re-employment rights with the District.
Rev: 4-28-2014, 7-9-2018
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