At last week’s Board of Directors meeting, the Board approved the extension of the current post-employment benefit for one more year. Click here to read the post-employment benefit policy.
This means that eligible employees who reach their 58th birthday by June 30, 2012, and have a minimum of 15 consecutive full-time years of employment with the Agency, will be able to submit their application for the post-employment benefit by December 1, 2011 to be effective June 30, 2012.
For qualified participants, the Agency agrees to pay the same coverage for monthly insurance rates (health and dental) as was in effect during the employee’s last year of employment. The Agency’s contribution toward the coverage for the employee terminates when the employee becomes eligible for other insurance coverage, including Medicare.
The Post-Employment Benefit Committee will be providing more data to the Board to help it clarify the policies, philosophy and parameters of the post-employment benefit. During the next six months, the Board plans to make decisions regarding the long-term direction of the benefit after July 2012.
If you have questions about the current post-employment benefit and your eligibility, contact Kathy Martin, Benefits Specialist, at kmartin@aea11.k12.ia.us or ext. 14385.
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