Common use of Benefits for Early Retirees Clause in Contracts

Benefits for Early Retirees. Effective December 21, 2017, the Employer will provide to all employees who retire (including disability retirements) and have not yet reached age 65, have twenty-five (25) years of continuous service, and are between the ages of 55 and 65, or meet the eligibility criteria of OMERS (e.g. the 90 factor) shall be eligible for the following coverage and the nurse will pay fifty percent (50%) of the premium cost: i) Extended health care ii) Life insurance Semi-private coverage will be available and the nurse will pay 100 percent (100%) of the premium cost. All benefits will cease when the retired nurse reaches age 65. i) Effective July 1, 2019, the Employer agrees to provide coverage for mental health services by a Psychologist, Registered Psychotherapist or Social Worker (MSW) for a total of eight hundred dollars ($800.00) annually.

Benefits for Early Retirees. Effective December 21, 2017, the Employer will provide to all employees who retire (including disability retirements) and have not yet reached age 65, have twenty-five (25) years of continuous service, and are between the ages of 55 and 65, or meet the eligibility criteria of OMERS (e.g. the 90 factor) shall be eligible for the following coverage and the nurse will pay fifty percent (50%) of the premium cost: i) Extended health care ii) Life insurance Semi-private coverage will be available and the nurse will pay 100 percent (100%) of the premium cost. All benefits will cease when the retired nurse reaches age 65. i) Effective July 1, 2019, the Employer agrees to provide coverage for mental health services by a Psychologist, Registered Psychotherapist or Social Worker (MSW) for a total of eight hundred dollars ($800.00) annually.