Common use of 27 - POST-RETIREMENT BENEFITS Clause in Contracts

27 - POST-RETIREMENT BENEFITS. The Employer agrees to provide post-retirement benefits coverage for Unit 2 members retiring after December 31, 2008, and their dependents at the time of retirement, defined for the purposes of post-retirement benefits only as the voluntary severance of the employment relationship with the University at or following the date on which the employee first became eligible to receive a monthly pension from the York University Pension Plan, in the form of a retiree health care spending account as follows: a) each retiree’s health care spending account will have an annual limit of $1800 and b) the total annual Employer contribution to cover post-retirement benefits over the term of this collective agreement is a maximum of $100,000 in each year, and Any unspent portion of the Employer’s annual contribution will be carried forward to the next year; In order to be eligible for the post-retirement benefits the employee must: a) be enrolled in the York University Pension Plan; b) provide a minimum of three months' written notice to Pensions and Benefits that they are retiring and permanently severing their employment relationship with the University in the Unit 2 bargaining unit; c) retire no later than five 12 the first of the months following the end of their last unit 2 contract; and d) elect to receive a monthly pension from the York University Pension Plan. Employees who retire according to the terms of this article shall be accorded a continuation of email privileges, subject to availability.

27 - POST-RETIREMENT BENEFITS. The Employer agrees to provide post-retirement benefits coverage for Unit 2 members retiring after December 31, 2008, and their dependents at the time of retirement, defined for the purposes of post-retirement benefits only as the voluntary severance of the employment relationship with the University at or following the date on which the employee first became eligible to receive a monthly pension from the York University Pension Plan, in the form of a retiree health care spending account as follows: a) each retiree’s health care spending account will have an annual limit of $1800 and1800; b) the total annual Employer contribution to cover post-retirement benefits over the term of this collective agreement is a maximum of $100,000 in each year, and . Any unspent portion of the Employer’s annual contribution will be carried forward to the next year; In order to be eligible for the post-retirement benefits the employee must: a) be enrolled in the York University Pension Plan; b) provide a minimum of three months' written notice to Pensions and Benefits that they are she is retiring and permanently severing their her employment relationship with the University in the Unit 2 bargaining unit; c) retire no later than five 12 the first of the months following the end of their her last unit 2 contract; and d) elect to receive a monthly pension from the York University Pension Plan. Employees who retire according to the terms of this article shall be accorded a continuation of email privileges, subject to availability.

27 - POST-RETIREMENT BENEFITS. The Employer agrees to provide post-retirement benefits coverage for Unit 2 members retiring after December 31, 2008, and their dependents at the time of retirement, defined for the purposes of post-retirement benefits only as the voluntary severance of the employment relationship with the University at or following the date on which the employee first became eligible to receive a monthly pension from the York University Pension Plan, in the form of a retiree health care spending account as follows: a) each retiree’s health care spending account will have an annual limit of $1800 and1800; b) the total annual Employer contribution to cover post-retirement benefits over the term of this collective agreement is a maximum of $100,000 in each year, and . Any unspent portion of the Employer’s annual contribution will be carried forward to the next year; In order to be eligible for the post-retirement benefits the employee must: a) be enrolled in the York University Pension Plan; b) provide a minimum of three months' written notice to Pensions and Benefits that they are retiring and permanently severing their employment relationship with the University in the Unit 2 bargaining unit; c) retire no later than five 12 the first of the months following the end of their last unit 2 contract; and d) elect to receive a monthly pension from the York University Pension Plan. Employees who retire according to the terms of this article shall be accorded a continuation of email privileges, subject to availability.

27 - POST-RETIREMENT BENEFITS. The Employer agrees to provide post-retirement benefits coverage for Unit 2 members retiring after December 31, 2008, and their dependents at the time of retirement, defined for the purposes of post-retirement benefits only as the voluntary severance of the employment relationship with the University at or following the date on which the employee first became eligible to receive a monthly pension from the York University Pension Plan, in the form of a retiree health care spending account as follows: a) each retiree’s health care spending account will have an annual limit of $1800 and b) the total annual Employer contribution to cover post-retirement benefits over the term of this collective agreement is a maximum of $100,000 in each year, and Any unspent portion of the Employer’s annual contribution will be carried forward to the next year; In order to be eligible for the post-retirement benefits the employee must: a) be enrolled in the York University Pension Plan; b) provide a minimum of three months' written notice to Pensions and Benefits that they are retiring and permanently severing their employment relationship with the University in the Unit 2 bargaining unit; c) retire no later than five 12 the first of the months following the end of their last unit 2 contract; and d) elect to receive a monthly pension from the York University Pension Plan. Employees who retire according to the terms of this article shall be accorded a continuation of email privileges, subject to availability. 1. Article 10.04.1 (Salary Rates) and Article 15.03.1 (Authorized Replacement) (a) September 1, 2020 (b) September 1, 2021 (c) September 1, 2022