| Subject: | Re-employment of Retired MMSD Administrators, Insurance Coverage |
| Source(s): |
Retired MMSD Administrators who are re-employed as an administrator to serve in an acting position for a limited amount of time shall fall under the following rules concerning health, dental and life insurance coverage:
The number of days worked in the contract year divided by the normal contract length for the position times the District cost for two (2) annual single PPO policies plus the same formula for two (2) single dental policies. There will be no calculation for life insurance.
Example: For contract year 2002-03, a retiree working 45 days as an elementary principal will be eligible for 45 divided by 218 times $9,174.24 = $1,893.77 plus 45 divided by 218 times $589.20 = $121.62 = $2,015.39
- For retirees with an existing escrow account, this total will be deposited into the escrow fund.
- For retirees without an existing escrow account, this total shall be paid as a salary differential.
July 2002