Common use of Retiree Benefits – Process for Payment Clause in Contracts

Retiree Benefits – Process for Payment. Any bargaining unit nurse who retires and wishes to participate in the benefit plans as outlined in article 17.01(h) will provide advance payment of the benefits through post-dated cheques provided on a yearly basis. It is understood that any transaction would be dated the first of each and every month. The Employer will notify the Union of the benefit costs to retired nurses each time the benefit costs are renegotiated by the Employer. M - 7 Errors in Pay Shortages in an employee’s pay will be rectified upon the following conditions: (a) If the shortage occurs as a result of an employee’s action or inaction, it will be corrected on the next standard payroll. (b) If the shortage occurs as a result of the Hospital’s error and amount to less than four (4) hours pay, it will be corrected on the next standard payroll. (c) If the shortage occurs as a result of the Hospital’s error in an amount of four