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Madison Metropolitan School District

Employee Handbook 2021-2022

Addendum C: SECTION 10 POST-EMPLOYMENT BENEFITS

10.1 Retirement Sick Leave Payment

Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred days, computed at the employee’s prevailing wage rate plus any longevity pay in effectat the time of the employee’s retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance,dental insurance, and the hospital, surgical, and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted.

If an employee who is qualified to retire and receive Social Security benefits or Wisconsin Retirement Fund Annuity payments or other public employment fund annuities, dies prior to retirement, then the spouse shall receive the equivalent value of up to ninety percent (90%) of the deceased employee’s accumulated unused sick leave credits as computed herein. In addition, if an employee who is younger than age 55 but has at least fifteen (15) years of employment with the District dies, then the spouse shall receive the equivalent value of up to ninety percent (90%) of the deceased employee’s accumulated unused sick leave credits as computed herein. If there is no spouse, then the remaining balance shall revert to the estate.

If a retired employee dies and is receiving benefits under this section, his/her spouse will continue to receive benefits which are in force at the time of the death of the retired employee until the first of the following occurs:

  1. Said funds are exhausted;

  2. The spouse elects to discontinue coverage in the District benefit programs;

  3. The spouse dies; or

  4. The spouse remarries.

Employees who (1) retire; (2) have spouses actively employed by the District at the time of retirement; and (3) transfer to their spouse’s District coverage may, at the option of the employee, bank their accumulated sick leave until such time as they elect to utilize it or their spouse leaves District employment, whichever occurs first.

Upon retirement, an employee may switch his/her health and dental insurance coverage to that of a working spouse and return to coverage available under the collective bargaining agreement at such time as a qualifying event occurs. The retiree under this section must submit application for insurance, with evidence of the qualifying event, within thirty (30) days of the loss of family coverage as a result of the following qualifying events: (1) their spouse’s death; (2) their spouse’s termination; (3) divorce; (4) the reduction of one’s spouse’s hours of work which results in the loss of eligibility of health insurance via his/her employer; or (5) when the spouse of the employee who has carried the family insurance experiences a significant reduction in benefits.