Common use of Benefits for Retirees Clause in Contracts

Benefits for Retirees. This Letter of Agreement replaces any and all other agreements (written and unwritten) between the parties regarding the retiree benefits currently available to retirees. However, it is acknowledged and agreed that Employees who retired before the date of signing of this Letter of Understanding will maintain their current coverage(s) on the same cost sharing basis as previously applicable. Effective from date of signing of this Letter of Understanding, for all Employees in the bargaining unit at date of ratification of this agreement, effective from the date of their retirement from the City of Ottawa, the Employer will provide the following coverage, at 100% Employer paid, provided that at retirement they are in receipt of a non actuarially reduced pension from OMERS or COSF, and provided that at least 20 of the retiring Employee’s credited years of service were with the City of Ottawa. These provisions will also be applicable: if an Employee has to retire for medical reasons provided such Employee has at least 25 years of credited service with the City of Ottawa, in which case the Employee would be eligible for coverage upon attaining the age and years of service criteria had he/she continued to work; or when a fire fighter is hired with the Ottawa Fire Department as a probationary fire fighter, spends his/her entire career working with the Fire Department, and retires at normal retirement age (60) but does not have the required 20 years of service. ▪ Prescription drugs as identified under the Formulary of the policy in effect at that time; ▪ Semi private hospital coverage; ▪ Vision Care as provided in the policy at that time; ▪ Other Health Benefits as specified in the policy; ▪ Coverage is for eligible retired Employees and their eligible dependants, in accordance with the policy. In the event of the death of the retired Employee, the Employee’s spouse and eligible dependants will maintain eligibility for coverage. (As per previous arrangements). ▪ The coverage for prescription drugs ceases at age 65. Originally signed on September 18, 2003 Renewed on this 27 day of April , 2009 For: For: The City of Ottawa Ottawa Professional Fire Fighters’ Association President Vice-President Treasurer

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Benefits for Retirees. This Letter of Agreement replaces any and all other agreements (written and unwritten) between the parties regarding the retiree benefits currently available to retirees. However, it is acknowledged and agreed that Employees who retired before the date of signing of this Letter of Understanding will maintain their current coverage(s) on the same cost sharing basis as previously applicable. Effective from date of signing of this Letter of Understanding, for all Employees in the bargaining unit at date of ratification of this agreement, effective from the date of their retirement from the City of Ottawa, the Employer will provide the following coverage, at 100% Employer paid, provided that at retirement they are in receipt of a non actuarially reduced pension from OMERS or COSF, and provided that at least 20 of the retiring Employee’s credited years of service were with the City of Ottawa. These provisions will also be applicable: if an Employee has to retire for medical reasons provided such Employee has at least 25 years of credited service with the City of Ottawa, in which case the Employee would be eligible for coverage upon attaining the age and years of service criteria had he/she continued to work; or when a fire fighter is hired with the Ottawa Fire Department as a probationary fire fighter, spends his/her entire career working with the Fire Department, and retires at normal retirement age (60) but does not have the required 20 years of service. ▪ Prescription drugs as identified under the Formulary of the policy in effect at that time; ▪ Semi private hospital coverage; ▪ Vision Care as provided in the policy at that time; ▪ Other Health Benefits as specified in the policy; ▪ Coverage is for eligible retired Employees and their eligible dependants, in accordance with the policy. In the event of the death of the retired Employee, the Employee’s spouse and eligible dependants will maintain eligibility for coverage. (As per previous arrangements). ▪ The coverage for prescription drugs ceases at age 65. Originally signed on September 18Agreed to in Ottawa, 2003 Renewed Ontario on this 27 day of April , 2009 For: For: The City of Ottawa Ottawa Professional Fire Fighters’ Association President Vice-President TreasurerTreasurer 69 LETTER OF UNDERSTANDING #11

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Benefits for Retirees. This Letter of Agreement replaces any and all other agreements (written and unwritten) between the parties regarding the retiree benefits currently available to retirees. However, it is acknowledged and agreed that Employees who retired before the date of signing of this Letter of Understanding will maintain their current coverage(s) on the same cost sharing basis as previously applicable. Effective from date of signing of this Letter of Understanding, for all Employees in the bargaining unit at date of ratification of this agreement, effective from the date of their retirement from the City of Ottawa, the Employer will provide the following coverage, at 100% Employer paid, provided that at retirement they are in receipt of a non actuarially reduced pension from OMERS or COSF, and provided that at least 20 of the retiring Employee’s credited years of service were with the City of Ottawa. These provisions will also be applicable: if an Employee has to retire for medical reasons provided such Employee has at least 25 years of credited service with the City of Ottawa, in which case the Employee would be eligible for coverage upon attaining the age and years of service criteria had he/she continued to work; or when a fire fighter Fire Fighter is hired with the Ottawa Fire Department as a probationary fire fighterFire Fighter, spends his/her entire career working with the Fire Department, and retires at normal retirement age (60) but does not have the required 20 years of service. Prescription drugs as identified under the Formulary of the policy in effect at that time; Semi private hospital coverage; Vision Care as provided in the policy at that time; Other Health Benefits as specified in the policy; Coverage is for eligible retired Employees and their eligible dependants, in accordance with the policy. In the event of the death of the retired Employee, the Employee’s spouse and eligible dependants will maintain eligibility for coverage. (As per previous arrangements). The coverage for prescription drugs ceases at age 65. Originally signed on September 18, 2003 Renewed on this 27 26 day of April November , 2009 2013 For: For: The City of Ottawa Ottawa Professional Fire Fighters’ Association President Vice-President TreasurerTreasurer LETTER OF UNDERSTANDING #10‌ IT TECHNICIAN‌ On September 3rd, 2008 Arbitrator Xxxxxxx has released the decision of the Board of Arbitration concerning the renewal of the Collective Agreement that expired December 31st, 2003. The parties wish to enter into an agreement to satisfy the requirements of this award concerning the position of IT Technician. The signatories hereto agree to the following in regards to the position of IT Technician:

Appears in 1 contract

Samples: Collective Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.