An employee participating of the Early Retirement Program shall have the following rights:
(a) To the medical plan (individual or family, without optional dependents), for five (5) years, as of August 1, 2000.
(b) A Christmas Bonus at the applicable percentage in the State Insurance Fund Corporation, for a term of five (5) years as of December 2000.
(c) Regular benefits provided by the State Insurance Fund Corporation to all of its employees at the time of their retirement, except the pro-retirement benefits which are:
(1) Twenty-one percent (21%) of the annual salary.
(2) Payment of regular vacation and accumulated sick leave. — In the last year of service, the employee accrues three (3) days of regular vacation time and two (2) days for sick leave each month for a total of sixty (60) days. This computation shall be made according to the provisions established by the State Insurance Fund Corporation to such effect.
(3) When computing the payment of the Christmas Bonus, the payment for regular vacation and sick leave shall be included, to a maximum of thirty-one thousand dollars ($31,000).
(4) With regard to the family medical plan, once the five (5) years paid by the State Insurance Fund Corporation have elapsed, if the retired employee wishes to continue his/her medical plan, the State Insurance Fund Corporation shall pay him/her twenty dollars ($20) until the retired employee is sixty-five (65) years of age.
History —July 13, 2000, No. 119, § 6.