Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated below: Benefit Formula Effective no later than days from the date of ratification of this agreement, of the employee's basic monthly earnings, to a monthly benefit maximum. Amounts of employee's monthly benefit which are not integral multiples of are rounded to the next higher dollar. All benefit coverage provided by Article of the Collective Agreement will continue while receiving payments on the plan.
Appears in 7 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated below: Benefit Formula Effective no later than 45 days from the date of ratification of this agreement, 75% of the employee's basic monthly earnings, to a $5,500 monthly benefit maximum. Amounts of employee's monthly benefit which are not integral multiples of $1.00 are rounded to the next higher dollar. All benefit coverage provided by Article 24 of the Collective Agreement will continue while receiving payments on the plan.
Appears in 2 contracts
Samples: Public Employees, Public Employees
Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated below: Benefit Formula Effective no later than 45 days from the date of ratification of this agreement, 75% of the employee's basic monthly earnings, to a $6,500 monthly benefit maximum. Amounts of employee's monthly benefit which are not integral multiples of $1.00 are rounded to the next higher dollar. All benefit coverage provided by Article 24 of the Collective Agreement will continue while receiving payments on the plan.
Appears in 1 contract
Samples: sp.ltc.gov.on.ca
Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated below: Benefit Formula Effective no later than days from the date of ratification of this agreement, of the employee's ’s basic monthly earnings, to a monthly benefit maximum. Amounts of employee's ’s monthly benefit which are not integral multiples of are rounded to the next higher dollar. All benefit coverage provided by Article of the Collective Agreement will continue while receiving payments on the plan.
Appears in 1 contract
Samples: Collective Agreement
Benefit Schedule. An employee who is a member of the plan may become eligible for not more than the maximum Monthly benefit amount, calculated in accordance with the applicable Benefit Formula which is indicated belowbelow : Benefit Formula Effective no later than 45 days from the date of ratification of this agreement, 75% of the employee's ’s basic monthly earnings, to a $4,000 monthly benefit maximum. Amounts of employee's ’s monthly benefit which are not integral multiples of $1 .00 are rounded to the next higher dollar. All benefit coverage provided by Article 24 of the Collective Agreement will continue while receiving payments on the plan.. 38
Appears in 1 contract
Samples: Collective Agreement