Benefit Improvement Clause Samples
The Benefit Improvement clause establishes the conditions under which an employee’s benefits may be enhanced during the term of an agreement. Typically, this clause ensures that if the employer improves benefits for a broader group of employees, those improvements will also apply to the covered individual or group. For example, if the company increases health insurance coverage or adds new retirement plan features for its staff, the same enhancements would automatically extend to those protected by the clause. Its core function is to guarantee that the covered party receives any general benefit upgrades, preventing them from being left behind if broader improvements are made.
Benefit Improvement. Employees who retire after July 1, 1996, with either a service or a service-connected disability pension shall receive the following benefit at age 55: 20 – 24 $150 per month 25 – 29 $225 per month 30 & over $300 per month
Benefit Improvement. Employees who retire after July 1, 1996, with either a service or a service-connected disability pension shall receive the following benefit at age 55: Years of Service Benefit
