Other Post Clause Samples

Other Post retirement Employee LIPA recognizes that these costs should be recovered from the rate Benefits payers. If LILCO funds this obligation with the proceeds of assumable, callable debt, and if in LIPA's sole judgment the future costs/risks to the rate payers can be reduced by assuming this debt in lieu of paying the avoided annual charge, LIPA will assume such debt.

Other Post. Employment Benefits ("OPEB") 1. Other Post-Employment Benefits (OPEB) means group insurance benefits provided by the University to retirees and their beneficiaries in respect of coverage under life insurance and supplementary health and dental plans. 2. Consistent with past practice, former employees who are deferred pensioners within the meaning of the Memorial University Pension Plan are not entitled to OPEB. 3. Current employees as of the date of signing of the collective agreement who retire with an immediate pension not later than March 31, 2024, with a minimum of five (5) years' pensionable service shall qualify for OPEB. 4. Current employees as of the date of signing of the collective agreement who retire after March 31, 2024, and who have a minimum of 10 years pensionable service shall be eligible for OPEB upon immediate retirement. 5. As per clauses 3 and 4, current employees must retire and commence receipt of a pension immediately on ceasing active employment at the University to qualify for OPEB. Such employees shall pay 50% of the premium applicable to the group insurance plans they elect to continue, and the University shall pay 50%. 6. Employees who are hired subsequent to the date of signing of the collective agreement ("Newly Hired Employees"), shall qualify for OPEB only where such employees have a minimum of fifteen (15) years' pensionable service and commence receipt of a pension immediately on ceasing active employment. 7. Former employees who are rehired following loss of seniority subsequent to the date of signing of the collective agreement shall be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 8. Notwithstanding clause 7 above, employees with service prior to the date of signing of the Collective Agreement who are employed outside the bargaining unit and are re-employed in a CUPE bargaining unit position subsequent to the date of signing of the Collective Agreement without a break in service at the University shall not be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 9. Employees who do not meet the criteria noted in clauses 3, 4 or 6 above shall not be entitled to OPEB on ceasing active employment at the University.

Other Post. CLOSING COVENANTS 16.1. GFI's Employees.....................................................43 16.2.

Other Post. Signing Actions and Undertakings

Other Post. Employment Benefits Employee Contribution Trust Account - Each employee shall pay the equivalent of 0.75% of their annual pay into an OPEB Trust Fund established to receive employee contributions in FY 2026 and 1% in FY 2027. Payments shall be payable, in equal installments for each payroll period. 3.50% COLA There are no step increases in FY 2026 FY 2026 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 3.00% COLA FY 2027 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 3.00% COLA FY 2028 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 FALL SPORTS 2025-2026 2026-2027 2027-2028 Head Football 6,435 6,628 6,827 Assistant Football 3,949 4,068 4,190 Jr. High Head Football 3,511 3,616 3,725 Jr. High Asst. Football 2,587 2,665 2,745 Boys/Girls Varsity Soccer 4,497 4,632 4,771 Boys/Girls J.V. Soccer 3,415 3,518 3,624 Middle School Boys/Girls Soccer 2,196 2,261 2,329 Boys/Girls Cross Country 4,339 4,470 4,604 Asst. Cross Country 1,844 1,899 1,956 Varsity Volleyball 4,148 4,273 4,401 J.V. Volleyball 3,192 3,288 3,387 Freshman Volleyball 1,973 2,032 2,093 Varsity Cheerleading 2,902 2,989 3,079 Golf 3,176 3,271 3,369 Fall Weight Room Coordinator 1,334 1,374 1,415 WINTER SPORTS 2025-2026 2026-2027 2027-2028 Boys/Girls Unfied Basketball 3,349 3,450 3,553 Boys/Girls Var. Basketball 5,426 5,589 5,756 Boys/Girls J.V. Basketball 4,021 4,141 4,266 Middle School B/G Basketball 2,874 2,960 3,049 Track 4,735 4,877 5,023 Asst. Track 2,574 2,652 2,731 Varsity Cheerleading 3,913 4,030 4,151 J.V. Cheerleading 1,924 1,982 2,042 Winter Weight Room Coordinator 1,334 1,374 1,415 SPRING SPORTS 2025-2026 2026-2027 2027-2028 Boys Varsity Baseball 4,709 4,850 4,996 Girls Varsity Softball 4,709 4,850 4,996 Boys J.V. Baseball 3,511 3,616 3,725 Girls J.V. Softball 3,511 3,616 3,725 Middle School Baseball 2,293 2,362 2,433 Middle School Softball 2,293 2,362 2,433 Middle School Track 2,293 2,293 2,293 Boys/Girls Unified Track 3,349 3,450 3,553 Boys/Girls Spring Track 4,709 4,850 4,996 Boys/Girls Asst. Track 3,320 3,420 3,522 Spring Weight Room Coordinator 1,334 1,374 1,415 E-Sports 3,511 3,616 3,724 Section 1. Department Heads and Team Leaders in a department or team with three teachers will be paid according to the following stipend schedule. For each additional teacher $75.00 will be paid to the department head or team leader, up to a maximum of seven (7) teachers. The above differential will be in addition to base...

Other Post. Employment Benefits Employee Contribution Trust Account - Each employee shall pay the equivalent of 0.5% of their annual pay into an OPEB Trust Fund established to receive employee contributions. Payments shall be payable, in equal installments for each payroll period, in the amount equal to 0.5% of the employee’s pay rate for that pay period.