Common use of Continuation of Benefit Plans Clause in Contracts

Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, a Teacher who takes early retirement may retain membership in any of the Benefit Plans to which he/she belongs at the time of retirement until he/she attains the age of sixty-five (65) years. Early retirement shall mean retirement between ages fifty-five (55) to sixty-five (65) on a pension pursuant to the Teachers’ Pension Plan with payment to begin within two (2) months of the retirement date. Notwithstanding the foregoing, the minimum early retirement age of fifty-five (55) is waived for the duration of this Collective Agreement.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, a Teacher who takes early retirement may retain membership in any of the Benefit Plans to which he/she belongs at the time of retirement until he/she attains the age of sixty-five (65) years. Early retirement shall mean retirement between ages fifty-five (55) to sixty-five (65) on a pension pursuant to the Teachers’ Pension Plan with payment to begin within two (2) months of the retirement date. Notwithstanding the foregoing, the minimum early retirement age of fifty-five (55) is waived for the duration of this Collective Agreement.five

Appears in 1 contract

Samples: Collective Agreement

Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, a Teacher teacher who takes early retirement may retain membership in any of the Benefit Plans to which he/she belongs at the time of retirement until he/she attains the age of sixty-five (65) years. Early retirement shall mean retirement between ages fifty-five (55) to sixty-five (65) on a pension pursuant to the Teachers’ Pension Plan with payment to begin within two (2) months of the retirement date. Notwithstanding the foregoing, the minimum early retirement age of fifty-five (55) is waived for the duration of this Collective Agreement.

Appears in 1 contract

Samples: Collective Agreement

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Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, a Teacher who takes early retirement may retain membership in any of the Benefit Plans to which he/she belongs at the time of retirement until he/she attains the age of sixty-five (65) years. Early retirement shall mean retirement between ages fifty-five (55) to sixty-five (65) on a pension pursuant to the TeachersPension Plan with payment to begin within two (2) months of the retirement date. Notwithstanding the foregoing, the minimum early retirement age of fifty-five (55) is waived for the duration of this Collective Agreement.

Appears in 1 contract

Samples: Collective Agreement

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