BENEFITS AND RETIREMENT Sample Clauses

BENEFITS AND RETIREMENT. 20.01 Benefits and Company Pension 29 20.02 Employer and Employee Contributions 32 20.03 Pension Contributions 34
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BENEFITS AND RETIREMENT. 18.01 Group benefits as outlined in the group benefits handbook (Green Xxxxxxx Canada, Senior Management classification, effective April 1, 2014) will be available to eligible full time employees upon the commencement of employment, under the terms and conditions of the plans. Effective the date of the first collective agreement arbitration award, vision care coverage is increased to $250 every 24 months. All premiums for the extended health benefits above will be 100% paid by the Employer. Premiums for dental benefits will be split 50/50% between employer and employee. In the event of any variation between the information in the group benefits handbook and the provisions of the policy, the Group Policy will prevail.
BENEFITS AND RETIREMENT. The Board agrees to contribute one hundred percent 00%) of the Ontario Health Insurance Pianfor all employees participating. Normal retirement for all employees shall take place on the first working day of the calendar month following the month in which the employee reached sixty-five (65) years of age. Regular full-time employees must participate in by employees and Employer shall be made in accor- dance with appropriate legislation.
BENEFITS AND RETIREMENT. Medical: • Required Medical Plans: o Core Medical PPO o Core Medical EPO o Core Medical High Deductible Health Plan with Health Savings Account o Traditional Medical PPO o Select Regional Medical PlansFlight Attendants Based in International Locations: o Traditional Medical PPO o Core Medical PPO • Guam Flight Attendants: o Traditional Medical PPO o Core Medical PPO o Select Regional Medical Plan • Additional Optional Medical Plans offered by the Company o Build Your Own • 80/20 Cost Sharing. • HMO cost sharing to be phased in through 2020 • Annual premium increases capped at 9.25% per year. • Plan terms for Required Medical Plans cannot be changed without Union approval. • Flexible Spending Account (FSA) Dental: • Standard Family Dental PPO • Optional Dental Plans Other BenefitsLong Term Disability Insurance o Coverage of 50-60% of monthly salary ▪ 60% of cost paid by Company ▪ 120-270 day waiting period • Company-Paid Life Insurance o $40,000 employee o $3,500 spouse o $1,500 child • Group Universal Life o Employee paid Retirement: • Pre-Merger CAL Flight Attendants: o CARP - status quo o 401(k) Company match – status quo ▪ Up to 3% • Pre-Merger CMI Flight Attendants: o Increase Company contribution to IAMNPP: ▪ $1.00 hourly contribution rate 2016 ▪ $1.70 hourly contribution rate 2017 ▪ $1.70 hourly contribution rate 2018 ▪ $1.80 hourly contribution rate 2019 ▪ $1.85 hourly contribution rate 2020 o 401(k) Company match – status quo ▪ Up to 3% • Pre-Merger UAL Flight Attendants: o 401(k) Company paid direct contribution 5% o 401(k) Company match contribution 3% • Retiree Medical o Status quo o Sunset qualification for status quo benefits after 15 years Investigation & Grievances • Investigations: o Entitled to Union representative. o Provided with copies of all documents. o May be held out of service for no longer than 14 days with pay. o Notified of discipline/discharge within 15 days after investigatory meeting. o Not able to be disciplined later than 30 days after inflight management knowledge of incident.
BENEFITS AND RETIREMENT. 18.01 Group benefits as outlined in the group benefits handbook (Green Shield Canada, Senior Management classification, effective April 1, 2014) will be available to eligible full time employees upon the commencement of employment, under the terms and conditions of the plans. Effective April 1, 2022, vision care coverage is increased to $350 every 24 months. This may include the cost of an eye exam every 24 months. All premiums for the extended health benefits above will be 100% paid by the Employer. Premiums for dental benefits will be split 50/50% between employer and employee. In the event of any variation between the information in the group benefits handbook and the provisions of the policy, the Group Policy will prevail. Effective April 1, 2022 Dental benefits Basic Services and Comprehensive Basic Services is increased to $ 2500/-.
BENEFITS AND RETIREMENT. The City agrees to allow the Union to purchase its own medical, dental and vision plans through the Northwest Fire Fighters Benefits Trust (NWFFT).
BENEFITS AND RETIREMENT 
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Related to BENEFITS AND RETIREMENT

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Pre-Retirement Death Benefit 4.1 (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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