Existing Retirees Sample Clauses

Existing Retirees. Those priests who have officially retired and are receiving benefits from the Diocese as of the effective date of this agreement will continue to receive those benefits, subject only to any change in the defined annual benefit under Section 4.1 and to the provisions of Article VII above.
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Existing Retirees. Effective March employees who have retired from active service and are recipients of a monthly retire- ment annuity will have their then existing monthly benefit increased by commencing with their April payment. Short Term Leaves: Employees on an approved paid leave of absence receiving Sickness and Accident Benefit (see Schedule E, Paragraph will have their pension earnings calculated for each day of the leave based upon their hourly rate in effect at the time the leave began, exclusive of overtime premium.
Sample 1
Existing Retirees. Effective March employees who have retired from active service and are recipients of a monthly retire- ment annuity will have their then existing monthly benefit increased by commencing with their April payment.
Sample 1
Existing Retirees. Effective March employees who have retired from active service and are recipients of a monthly retirement annuity will have their then existing monthly benefit increased by commencing with their April payment. Vesting: Employees who complete ten (10) years of service will have vested interest in the retirement annuities previously credited to them. Optional Forms: Employees may, in lieu of a normal retirement pension, elect an optional form of pension such as 1) life only, 2) ten year certain, 3) joint and survivor, 4) integration with govern- ment benefits. Death Benefit (Widow's Annuity): A widow may be entitled to sixty percent (60%) of the accrued benefits with eligibility after the employee has completed five (5) continuous years of service and has been married to his spouse at least one (1) year. The employee's death must be before his early or normal retirement date. See the "Retirement Plan" brochure explaining the provisions of the plan including the optional pension benefits payable to your spouse. Existing Retirees: Employees who have retired from active service and are recipients of a monthly retirement annuity or a surviving spouse receiving a widow's annuity on March had their then existing monthly annuity increased by per month per year of service. The pension benefits provided for in this Schedule Article will be frozen at the accrued benefit level in effect February Surplus Funds: If surplus funds exist in the plan at any time, as determined by the Company's actuary, such funds may be used to reduce the amount of the Company's contributions to the plan. Such funds may also be refunded to the Company at any time upon proper application therefore and approval by the regulatory authorities. Upon termination of the plan and upon satisfaction of all liabilities for accrued benefits under the plan, all surplus funds shall be refunded to the Company or used by the Company as it may direct. Article Career Earnings Pension Commencing February the Company established a career earnings pension plan in line with Canadian law and as managed by Canadian financial institutions.
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Related to Existing Retirees

  • Retirees The Parties and the Crown agree to meet for the purpose of transitioning retirees currently in board-run benefits plans into a segregated plan administered by the OECTA ELHT via an amendment to the Trust Agreement, based on the following:

  • Benefits for Retirees The Employer will continue payment of Extended Health, Semi-Private Health Care Coverage or equivalent for any employee from the date of early retirement to the age of sixty-five (65). However, the Employer will not continue payment of the Dental Plan or any other benefit plan, and employees will not be entitled to subscribe to same under any conditions.

  • Existing Employees Existing employees who are covered by the coverage clause of this Agreement may become union members at any time. Employees shall, from the date of becoming union members, be bound by all the benefits and obligations relating to employees under this Agreement.

  • EMPLOYMENT OF RETIRED TEACHERS A. For purposes of salary schedule placement, a retired Teacher will be granted a maximum of ten (10) years’ service credit and their educational attainment. A retired Teacher may not advance beyond Level 10 on the salary schedule.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Names of Retirees Effective September 1, 2009, the Employer will send a monthly report to the Union of the names of individuals that have retired the previous month. For purposes of this Agreement, a retiree shall be defined as a person who has given the Agency written notice that he/she is separating from State service by retirement and that person has actually separated from State service.

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Retired Teachers The BOARD may employ and assign retired teachers as day-to-day substi- tutes for no more than one hundred school days during the school year and shall pay such teachers the rate paid to day-to-day substitutes. The BOARD shall compensate such retired teachers in accor- dance with Appendix A-1L. Such retired teachers shall not be eligible for any other benefits provided to bargaining unit employees under this Agreement. The BOARD agrees that the employment and as- signment of retired teachers shall not result in the displacement of any appointed or assigned teacher.

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