Accidental Death and Dismemberment Benefits. (1) accident shall be in an amount that is equal to one (1x) times the employee's annual earnings rounded to the next higher one thousand ($1,000) dollars to an overall maximum of twenty-five thousand ($25,000) dollars. Accidental death and dismemberment benefits shall be paid to the employee's named beneficiary in the event of death due to any cause and if no beneficiary is named then benefits shall be paid to the employee's estate. Accidental death and dismemberment benefits are reduced by fifty (50%) percent at age sixty-five (65) and terminate at age seventy (70), retirement, or termination of employment.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
