Benefits on Early Retirement. The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.
Benefits on Early Retirement. The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees. of Carrier Full-Time Where the collective agreement provides and the parties cannot agree to the standard language, the existing provision will be maintained as non- standard language. Any non-standard provision related to Change of Carrier shall be continued under Article A copy of all current master policies of the benefits referred to in this article shall be provided to the Union. It is understood that the Hospital may at any time substitute another carrier for any plan (other than provided the benefits conferred thereby are substantially the same. The Hospital shall notify the Union sixty (60) days in advance of making such a substitution to explain the proposed change and to ascertain the views of the employees. Upon a request by the Union, the Hospital shall provide to the Union, full specifications of the benefit programs contracted for and in effect for employees covered herein. STANDARD Central Guide Document October Insert in all collective agreements: The participating hospitals and agree that the maintenance of benefits provided for in this collective agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: The methods by which the investigation will take place Identify potential sources of funding for investigation of the benefits Trust. Identification of the appropriate method to determine the feasibility of the Trust. Pension Insert the following standard language. Where the collective agreement provides otherwise and the parties cannot agree to the standard language, the existing provision will be maintained as language. Any provision related to Pension shall be continued under Article except as amended below: All present employees enrolled in t...
Benefits on Early Retirement. Employees who retire on or after the date of ratification of this collective agreement and have not yet reached the age of sixty-five (65) and are in receipt of the Hospital’s pension plan benefits will be provided with semi-private, extended health care, and dental benefits by the Hospital on the same basis as is provided to active employees, as long as the retiree pays the Employer the full amount of the monthly premiums in advance.
Benefits on Early Retirement. The Centre will provide equivalent coverage to all employees who retire early and have not yet reached age and who are in receipt of the Centre’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Centre will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Centre to the billed premiums of active employees. Change of Carrier Full-Time A copy of all current master policies of the benefits referred to in this article shall be provided to the union. It is understood that the Centre may at any time substitute another carrier for any plan (other than provided the benefits conferred thereby are substantially the same. The Centre shall notify the Union sixty (60) days in advance of making such a substitution to explain the proposed change and to ascertain the views of the employees. Upon a request by the Union, the Centre shall provide to the Union, full specifications of the benefit programs contracted for and in effect for employees covered herein. The participating hospitals and agree that the maintenance of benefits provided for in this collective agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: o The methods by which the investigation will take place. o Identify potential sources of funding for investigation of the benefits Trust. o Identificationof the appropriate method to determine the feasibility of the Trust.
Benefits on Early Retirement. The Hospital will provide equivalent coverage to all employees who retire early and have not reached age 65 and who are in receipt of the Hospital's pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefit plans as is currently contributed by the hospital to the billed premiums of active employees. The early retired employee's share towards the billed premium of the insured benefit will be paid by preauthorized withdrawal from the bank account chosen by the retiree to cover a twelve-month billing period.
Benefits on Early Retirement. The Company will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Company's pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Company will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Company to the billed premiums of active employees.
Benefits on Early Retirement. The Centre will provide equivalent coverage to all employees who retire early and have not yet reached age and who are in receipt of the Centre's pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Centrewill contributethe same portiontowards the billed premiums of these benefits plans as is currently contributed by the Centre to the billed premiums of active employees. Change of Carrier A copy of all current master policies of the benefits referred to in this article shall be providedto the Union. It is understoodthat the Centre may at any time substitute another carrier for any plan (other than provided the benefits conferred thereby are substantially the same. Before making such a substitution, the Centre shall notify the Unionto explain the proposed change and to ascertain the views of the employees. Upon a request by the Union, the Centre shall provide to the Union, full specifications of the benefit programs contracted for and in effect for employees covered herein. The participating hospitals and agree that the maintenance of benefits provided for in this collective agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigationof a is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committedto: meet within the first quarter following the ratificationof this agreement and every quarter thereafter to determinethefollowing: the methods by which the investigationwilltake place identify potential sources of funding for investigationof the identificationof the appropriate method to determine the feasibility of the Trust.
Benefits on Early Retirement. 38.01 The Employer shall endeavour to make provision with its insurer to allow an employee who hereafter retires early under the terms of the Employer’s pension plan, to maintain to age sixty- five (65) at the retiree's full cost, his or her participation in the following group plans:
Benefits on Early Retirement. The Employer will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Employer’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Employer will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Employer to the billed premiums of active employees. The early-retired employee’s share towards the billed premium of the insured benefit plans will be deducted from his/her monthly pension cheque.
Benefits on Early Retirement. Effective upon ratification the Employer agrees to provide health care benefit coverage identical to that provided to active employees for retirees who in receipt of and who are age up to and including age on a seventy-five percent (75%) employer and twenty-five percent (25%) employee premium share basis. The Employer agrees to contact employees who retired between the expiry of the previous agreement and the ratification of this agreement at their last known address and offer such employee the to enrol into the benefits provided herein. Premium payments shall not be retroactive. The number of employees in the bargaining unit allowed to access these benefits shall be limited as follows: The Hospital will distribute to each CAW member a form upon which the employee can indicate if it is their intention to retire during the next calendar year. This will be distributed between October 15th and November This form will request the employee's name, classification, planned retirement date and ask whether the employee would like to participate in the early retiree benefits with the Hospital. This form will indicate that their stated intention to retire is not binding upon them. After November 1st of a given year, the Hospital compile a list of all individuals who have responded positively to both an intention to retire and an intention to participate in the early retiree benefits. This list will be ranked in accordance of highest seniority. The results will be shared with the CAW and the individuals. Any member who decides after November 1st can add their name to the list however they will be placed on first come first served basis after those on the list. In any given year the Hospital will provide up to six (6) early retirement benefit packages at a level outlined in the collective agreement from list prepared above.
