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 Plan as outlined in Article 17.01 (h) of the Central Hospital Collective Agreement will provide payment of the premiums through a pre-authorized automatic transfer arranged through a local bank. Should there be any arrears for benefit premiums, the Hospital will notify the nurse that they have two (2) weeks to make the payment or benefit coverage will be cancelled. It is understood that any transaction would be dated the first of each and every month. The Hospital will notify the Association of the benefit costs to retired nurses in January of each year and each time the benefit costs are re-negotiated by the Hospital.