CUPE Shared Risk Plan definition

CUPE Shared Risk Plan means this Shared Risk Plan for CUPE Employees of New Brunswick Hospitals, as amended from time to time, which converts and replaces the CUPE Hospitals Plan as at the Conversion Date under the Pension Benefits Act.
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CUPE Shared Risk Plan effective July 1, 2012.
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Examples of CUPE Shared Risk Plan in a sentence

  • Notwithstanding any other provision under this CUPE Shared Risk Plan, any adjustments to Base Benefits made pursuant to the Funding Policy shall be paramount for the time period required under the Funding Policy and shall affect the Base Benefits specified in this CUPE Shared Risk Plan.

  • Upon discontinuance of the CUPE Shared Risk Plan, in whole or in part, any assets of the Fund shall first be used to discharge all liabilities under the plan for the accrued Base Benefits, as adjusted in accordance with Appendix C, of the affected Members, Pre- Conversion Retirees, Other Pre-Conversion CUPE Claimants, Claimants and their beneficiaries in accordance with the Pension Benefits Act and the Funding Policy.

  • The cost to purchase such past service under the CUPE Shared Risk Plan is equal to the required Member contributions for the Approved Leave of Absence Period being purchased calculated using the Member’s full-time equivalent percentage at the beginning of such period and the CUPE Shared Risk Plan Member contribution rate and the Member’s rate of Earnings both in effect at the date of application to purchase.

  • All benefits payable under the CUPE Shared Risk Plan shall be paid in the lawful currency of Canada.

  • Wherever the records of the Employer are used for the purposes of the CUPE Shared Risk Plan, such records shall be conclusive of the facts with which they are concerned.

  • Each Pre-Conversion Retiree and Other Pre-Conversion CUPE Claimant as of the Conversion Date, while not a Member, shall be entitled to benefits under the CUPE Shared Risk Plan in accordance with Section 5.2.

  • If, on the death of a Member, there is no designated Beneficiary or the Beneficiary has predeceased the Member, any death benefits that are payable under the terms of the CUPE Shared Risk Plan to the Member’s Beneficiary shall be paid to the Member’s estate.

  • The Board of Trustees shall establish a Risk Management Framework for the CUPE Shared Risk Plan.

  • Such description shall explain the terms and conditions of the CUPE Shared Risk Plan applicable to the Employee, Pre-Conversion Retiree, Other Pre-Conversion CUPE Claimant, or Claimant, as applicable, and the rights and obligations of such persons in respect of the CUPE Shared Risk Plan.

  • Upon the transfer or payment of a Termination Value in accordance with Section19.1, 19.2 or 19.3, the Member has no entitlement to any further benefits from the CUPE Shared Risk Plan or payment from the Fund and ceases to be a Member of the CUPE Shared Risk Plan.

Related to CUPE Shared Risk Plan

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