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Early Leaving Incentive Program Information
6. A certificated employee electing to participate in the program may have the option to continue hospitalization, surgical, major medical and life insurance programs of the School District, however, the premiums shall be paid by the employee.
7. Entrance into the program and payment of the monthly benefit shall begin in September of the fiscal year following the employee's separation date and continue until the month the certificated employee attains age 62, or reaches the $100,000 maximum benefit limit or the month of the employee's death, if earlier.
8. The certificated employee's monthly benefit shall be equal to the lessor of 25% of employee's scheduled monthly salary* or the estimated social security benefit payable to the employee at age 62.