Common use of Election of Form of Benefit Clause in Contracts

Election of Form of Benefit. Within thirty (30) days of receiving written notice of an employee’s retirement, Dane County shall elect the form in which the retiring employee will receive the benefit under 5.1 and 5.3. The County’s election of the form of benefit will be based on an interview with the retiree to collect information regarding the retiree’s financial needs and/or retiree access to health care. The interview will be conducted by representatives of the Plan provider. At the option of the retiree, he or she may be accompanied by a representative of his or her collective bargaining unit. The County and/or Plan provider shall notify retiring employees of their right to have a Union representative present. The Benefit can only be paid to the retiring employee in one of the forms set forth in paragraph

Election of Form of Benefit. Within thirty (30) days of receiving written notice of an employee’s retirement, Dane County shall elect the form in which the retiring employee will receive the benefit under 5.1 and 5.3. The County’s election of the form of benefit will be based on an interview with the retiree to collect information regarding the retiree’s financial needs and/or retiree access to health care. The interview will be conducted by representatives of the Plan provider. At the option of the retiree, he or she may be accompanied by a representative of his or her collective bargaining unit. The County and/or Plan provider shall notify retiring employees of their right to have a Union representative present. The Benefit can only be paid to the retiring employee in one of the forms set forth in paragraphparagraph 6.3. Dane County will notify the retiring employee in writing (within the thirty (30) day time period identified above) of the election made by Dane County.