Common use of Benefits and Pension Plans Clause in Contracts

Benefits and Pension Plans. 19.7.1 Teaching-Intensive Stream, CLTA, Continuing, Probationary and Tenured faculty shall be provided with benefits coverage, including medical, dental, life, accidental death and dismemberment and long-term disability insurance, as well as the opportunity to participate in the University’s pension plan, as outlined in Appendix C. The University will endeavour to provide current information regarding details of benefits and pension plans to faculty in a timely manner. 19.7.2 The provision of benefits coverage is not to be construed as a guarantee of specific coverage and eligibility, which is established by the terms and conditions of the various insurance policies held. The University’s obligation under this Article is limited to making the policies available and paying the premiums as set out in Appendix C. 19.7.3 The University reserves the right to change carriers as and when necessary, provided that there shall be no change or reduction in the level of benefits and pension plan coverage, except with the mutual agreement of the Parties.

Benefits and Pension Plans. 19.7.1 Teaching-Intensive Teaching Stream, CLTA, Continuing, Probationary and Tenured faculty shall be provided with benefits coverage, including medical, dental, life, accidental death and dismemberment and long-term disability insurance, as well as the opportunity to participate in the University’s pension plan, as outlined in Appendix C. The University will endeavour to provide current information regarding details of benefits and pension plans to faculty in a timely manner. 19.7.2 The provision of benefits coverage is not to be construed as a guarantee of specific coverage and eligibility, which is established by the terms and conditions of the various insurance policies held. The University’s obligation under this Article is limited to making the policies available and paying the premiums as set out in Appendix C. 19.7.3 The University reserves the right to change carriers as and when necessary, provided that there shall be no change or reduction in the level of benefits and pension plan coverage, except with the mutual agreement of the Parties.