Common use of Retirement Benefit Plan Clause in Contracts

Retirement Benefit Plan. A.1 The parties agree to establish a joint working group on post-retirement benefits. The purpose of this working group will be to make recommendations to the Joint Consultation Committee on optional post-retirement benefit plans for Retired Members. This may include, but is not limited to, converting the existing Post-Retirement Medical/Dental Fund into a cost-sharing plan. In the event of such a conversion, the University's contribution to post-retirement benefits shall not be less than the amount currently paid into the Fund. The joint working group will report within six (6) months of its appointment.

Appears in 3 contracts

Sources: Collective Agreement, Collective Agreement, Collective Agreement