Common use of Retiree Benefits – Process for Payment Clause in Contracts

Retiree Benefits – Process for Payment. Any nurse who retires and who is entitled to receive benefit coverage as outlined in Article 17.01 (h) and who elects to receive these benefits, will authorize payment for these benefits through the "Personal Pre-Authorized Debit Plan" (PAD). The Employer will notify the Union of the benefit premium amount for retired nurses, in January of each year and subsequently when such premium amount is adjusted by the carrier. It is understood that the Employer will present the retiree benefits and the payment process to the nurse in writing.

Retiree Benefits – Process for Payment. Any A nurse who retires and who is entitled wishes to receive participate in the benefit coverage as outlined in plans pursuant to Article 17.01 (h17.01(h) and who elects to receive these benefitswill provide advance payment of the benefit premiums through post-dated cheques, will authorize payment for these benefits through dated the "Personal Pre-Authorized Debit Plan" (PAD)first of each month, provided on a yearly basis. The Employer Hospital will notify the Union affected nurses and the union of the benefit premium amount for retired nurses, premiums in January of each year year, and subsequently when such premium amount is adjusted each time the benefit costs are re-negotiated by the carrier. It is understood that the Employer will present the retiree benefits and the payment process to the nurse in writingEmployer.

Retiree Benefits – Process for Payment. Any A nurse who retires and who is entitled wishes to receive participate in the benefit coverage as outlined in plans pursuant to Article 17.01 (h) and who elects to receive these benefitswill provide advance payment of the benefit premiums through post-dated cheques, will authorize payment for these benefits through dated the "Personal Pre-Authorized Debit Plan" (PAD)first of each month, provided on a yearly basis. The Employer Hospital will notify the Union affected nurses and the union of the benefit premium amount for retired nurses, in January of premiums each year and subsequently when such premium amount is adjusted time the benefit costs are changed or re-negotiated by the carrier. It is understood that the Employer will present the retiree benefits and the payment process to the nurse in writingEmployer.