4015.1 Shasta Liberty BP Retirement Health Benefits

4015.1 Shasta Liberty BP Retirement Health Benefits

Board Policy 4015.1 outlines eligibility requirements and benefit terms for medical health coverage for eligible retirees. To qualify, employees must be at least 62 years of age, have completed 15 years of full-time equivalent service with the school, participated in the school’s health plan for 15 years, and qualified for retirement under PERS or STRS. Eligible retirees receive a single-rate full-time employee allotment applied exclusively to medical coverage for up to two years or until reaching Medicare eligibility at age 65. The policy also establishes payment default consequences for retiree contributions and excludes retirees whose spouses remain employed by the school from receiving duplicate allotments.