Policy 23: Continuation of Benefits - Benefit Allowance for Retirees
The Board believes that it is important for employees to continue their benefit coverage during retirement and is prepared to pay a one-time lump sum payment of $5000.00 for a portion of the premiums for benefits during their retirement years. The following conditions apply:
- Employee must be 50 years or over.
- Employee must have 15 years or more of continuous employment with the Board including the year of retirement.
- Employee must be retiring from Northern Lights Public Schools.
- Proof of application for benefit coverage or proof of benefit coverage should be received by June 30th of the employee’s retirement year.