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Madison Metropolitan School District

Employee Handbook 2021-2022

Addendum H: SECTION 9 POST EMPLOYMENT BENEFITS

9.1 Retirement Sick Leave Payment

Employees who (1) retire and currently have any of the following District insurance coverage:

(a) life insurance; (b) dental insurance; (c) health insurance; or (d) Medicare supplemental insurance as of the date of retirement; (2) are 55 years of age or older; (3) have been employed by the District for a minimum of 10 years and have worked more than 90 days in each of the five (5) years preceding retirement; and (4) are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of their accumulated unused sick leave credits, up to a maximum of two hundred (200) days, computed at the employee’s prevailing wage rate. These funds will be utilized to pay the full premium of his/her continued participation in the life, dental, health, Medicare supplemental and/or long-term care insurance plan then in force for employees until said funds are exhausted.

If a retired employee dies and is receiving benefits as set forth above, 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 benefits programs;
  3. The spouse dies; or
  4. The spouse remarries.

Employees who (1) retire; (2) have spouses actively working on the District’s staff 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 Handbook 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.