Pension Fund Society. Members of the Society who are laid off will be treated in accordance with the by-laws of the Pension Fund Society.
Pension Fund Society. Members of the Society who are laid off will be treated in accord- ance with the by-laws of the Pension Fund Society. Members who withdraw their contributions while on lay off will be considered as permanently separated from the TTC and will be struck from the recall list.
Pension Fund Society. Members of the Society who are laid off will be treated in accor- dance with the by-laws of the Pension Fund Society. Members who withdraw their contributions while on lay off will be considered as permanently separated from the Commission and will be struck from the recall list. Group and Coverage ceases as of the date of lay off. Laid off employees who wish to continue coverage during the initial six months of lay off may do so by paying the full cost of the premiums involved. Contributions by both parties will resume immediately if the employee returns to work within calendar months of the date of lay off.
Pension Fund Society. Members of the Society who are laid off will not accumu- late pension service during the period of lay off. If they resume work within months of lay off, they will retain their pension entitlement prior to lay off. Contributions by both parties will resume as of the date of the if within the period.
Pension Fund Society. The cost of group life insurance and accidental death and dismem- berment insurance is shared on an equal basis by the Commission and the employees. Basic group life insurance including accidental death and dismem- berment shall be provided to all regular employees on the first of the month following completion of six months’ continuous service, the cost of which will be shared on an equal basis between the employee and the Commission. The amount of basic group life insurance will increase from $25,000 to $35,000 effective January 1, 1994 for em- ployees actively at work. Accidental death and dismemberment will remain at $25,000. Upon death, the beneficiary or estate of deceased employees shall receive from the insurance company underwriting the plan the above- stated amount for which they were covered. In the event of the accidental death of an employee participating in the plan, the deceased employee’s beneficiary or estate shall receive an additional amount equal to the employee’s insurance coverage under the plan. Temporary employees are not eligible to participate in the plan.
Pension Fund Society. Members of the Society who are laid off will be treated in accor- dance with the by-laws of the Pension Fund Society.
