Common use of University Pension Plan Clause in Contracts

University Pension Plan. This plan is integrated with the Canada Pension Plan and the cost is shared by the University and the employee. Notwithstanding the above specified insured benefits, the employer shall grant to all employees covered by the collective agreement any improvement in the level of insured benefits or improvements in the cost sharing arrangement of the insured benefit program as may be made available by the University of Waterloo Pension and Benefit Committee to other groups of employees, concurrently with the date of implementation of any such improvements.

University Pension Plan. This plan is integrated with the Canada Pension Plan and the cost is shared by the University and the employee. Notwithstanding the above specified specified insured benefitsbenefits, the employer shall grant to all employees covered by the collective agreement any improvement in the level of insured benefits benefits or improvements in the cost sharing arrangement of the insured benefit benefit program as may be made available by the University of Waterloo Pension and Benefit Benefit Committee to other groups of employees, concurrently with the date of implementation of any such improvements.