BENEFITS & PENSION Sample Clauses
BENEFITS & PENSION. 32.1 The Board agrees to provide health benefit coverage for school bus drivers as follows:
BENEFITS & PENSION. [a] The new FlexMedia benefit plan for all full-time employees of Sun Media will be applicable to all full-time employees covered by this collective agreement and these employees will participate in such plan, effective October 31, 2010. The prior benefit program shall remain in place until Flex Media is implemented. The terms and conditions of the new benefits plan, including coverage of benefits, shall be no less than those described and disclosed to the union during negotiations. The parties agree to cost protection as described in the memo from Xxxxx Xxxxxxx to Xxxxxx Law dated April 29, 2010, with attachments. Part-time employees will continue to be covered under the prior benefit program (as outlined in the collective agreement having an expiry date of June 11, 2009) if they so qualify. If, during the term of this collective agreement, a new benefit plan is introduced for all part-time employees of Sun Media, then that plan will be applicable to all part-time employees covered by this collective agreement and these employees will participate in such plan with the union’s consent, which shall not be unreasonably withheld. [b] Employees covered by this collective agreement shall be enrolled in The Sun Media Pension Plan for Unionized employees (LFP) effective thirty (30) days from date of ratification.
BENEFITS & PENSION. Indefinite Term employees shall be required to join the University Pension Plant should they meet one quarter (25%) percent of the Yearly Maximum Pensionable Earnings (YMPE) over two (2) consecutive years. Indefinite Term employees may join the University Pension Plan but are not obligated to do so until they meet one quarter (25%) of the YMPE. Indefinite Term employees shall be required to complete twelve (12) months of continuous service with a minimum of seventeen point five (17.5) hours worked per week in order to qualify for the University Group Life Insurance, Long Term Disability, Extended Health and Dental Plan. Access to benefits will begin after the twelve (12) months of continuous service and will not be applied retroactively to the start date.
BENEFITS & PENSION. 22.01 Effective three months following ratification:
a. The Company agrees to pay the cost of insurance premiums necessary to provide group insurance benefits for Employees covered by this Agreement. It is understood that the Employer’s only obligation with regard to the provision of group insurance benefits is the payment of premiums. For clarity, any dispute concerning the provision of any specific benefit by the benefits provider may not be the subject of a grievance under this Agreement. The policies issued by the insurance carrier are the governing documents in any question of interpretation of benefits. The choice of insurance carrier is solely the Employer’s decision.
b. For new employees, group insurance benefit coverage will be in effect the first (1st) day of the month following completion the probation period.
c. Employees are obligated to maintain and submit all necessary forms, designations and information required for benefit coverage to go into effect, for coverage to continue, and for benefit recovery.
d. To be eligible for an increase in benefit or coverage, employees must be actively at work on the effective date of such change, otherwise, the increased benefit or coverage becomes effective upon the employee’s return to work.
e. An employee absent because of illness or accident shall continue group insurance coverage for a period of six (6) month from date of absence. The employee will have the option to pay in advance the combined benefit package of Group Life Insurance, Major Medical, Vision-Care and Dental for the 7th to 9th months.
f. An employee on WSIB benefits shall continue Group Insurance coverage to the extent required by the Workplace Safety & Insurance Act.
g. An employee on maternity/parental leave shall continue Group Insurance coverage as per the Employment Standards Act.
h. The company will continue Group Life Insurance, Major Medical, Vision Care and Dental for a period of three (3) months from date of layoff. Employees will have the option to continue the above benefit coverage for an additional three (3) months of lay-off by paying in advance the cost of premiums.
i. Group insurance benefits will be detailed in Group Insurance Plan booklet which will be provided to all employees with a copy to the Union. The following generally describes the group insurance benefit coverage: Previous amount: $50,000.00 Effective July 1, 2013: $55,000.00 Previous amount: $50,000.00 Effective July 1, 2013: $55,000.00 To provide a benefit ...
BENEFITS & PENSION. 21.01 The Employer agrees to pay premiums to a group insurance carrier to provide the following benefits:
(a) Group Life Insurance to provide the following benefit: Previous amount $48,000.00 Effective 1st month following ratification $50,000.00
(b) Accidental Death and Dismemberment Insurance to provide the following benefit: Previous amount $48,000.00 Effective 1st month following ratification $50,000.00
(c) Weekly Indemnity Insurance equivalent to E.I. maximum on a 1/1/8/26 basis, meaning payable from first (1st) day of accident, first (1st) day of hospitalization (includes non-elective day surgery), eighth (8th) day of illness, for a period of twenty-six
BENEFITS & PENSION. 22.01 The Employer agrees to pay one hundred percent (100%) of the cost of the premiums for all employees, other than probationary employees, shall be covered for medical benefit plan coverage as outlined herein, provided they have worked two (2) or more days in a calendar months.
1. The Employer agrees to pay premiums to a group insurance carrier to provide the following benefits:
a) Group Life Insurance in the amount of 1st of month following ratification - $50,000
b) Accidental Death and Dismemberment Insurance as follows: 1st of month following ratification - $50,000
c) Weekly Indemnity Insurance - equivalent to E.I. maximum, on a 1/1/8/26 basis. (First day of accident, first day of hospitalization - includes non- elective day surgery, eighth day of illness, for a period of twenty-six (26) weeks) - all rebates accrue to Employer to provide benefits.
d) A Major Medical Plan to include:
i) prescribed drugs ii) prescribed eyeglasses to a maximum of $150.00 in any two (2) consecutive calendar years.
BENEFITS & PENSION. 22.01 The Employer agrees to pay 100% of the cost of the premiums for the following benefits:
a) Group Life Insurance as follows: Previous amount: $48,000.00 Effective July 1, 2008: $50,000.00
b) Accidental Death & Dismemberment Insurance as follows: Previous amount: $48,000.00 Effective July 1, 2008: $50,000.00
c) Weekly Indemnity Insurance equivalent to the E.I. maximum per week, on a 1/1/8/26 basis meaning payable from first (1st) day of accident, first (1st) day of hospitalization (includes non-elective day surgery), eighth (8th) day of illness, for a period of twenty-six (26) weeks. All premium reductions revert to Employer to provide benefits.
d) Long Term Disability Insurance upon the expiration of the Weekly Indemnity Insurance (and E.I. sickness benefits, if applicable) to provide a benefit as follows: · First of month following ratification - $1,200 per month · April 1, 2009 - $1,300 per month · April 1, 2010 - $1,400 per month · April 1, 2011 - $1,500 per month · April 1, 2012 - $1,600 per month This LTD benefit is non-integrated, with CPP Disability benefit, with a five (5) year cap not to exceed age sixty- five (65). Workers’ compensation Disability benefits are directly offset.
e) A Major Medical plan to provide eighty (80%) percent reimbursement of eligible costs, which will include: - prescribed drugs, meaning drugs that can only be purchased by prescription. - ambulance service - other prescribed medical services and supplies as outlined in the Benefit booklet.
f) A Vision-care plan to provide prescribed eye glasses to a maximum of one hundred and fifty ($150) dollars in two (2) years. · April 1, 2009 - $175.00 · April 1, 2010 - $200.00 · April 1, 2011 - $225.00 · April 1, 2012 - $255.00
g) A Dental plan to provide 80% reimbursement of eligible benefits equivalent to Ontario Blue Cross Plan Number Seven with Rider One and Rider Two, based on the following Ontario Dental Association Schedule of Fees. Effective January 1 of each year, the ODA Schedule of Fees will be adjusted to provide for a two (2) year lag. No maximum benefit payable shall be less than three thousand dollars ($3,000.00) per calendar year per insured person.
h) The maximum out-of-pocket expense for eligible claims incurred under items (e) and (g) will not exceed eight hundred dollars ($800) per employee per calendar year. The foregoing are subject to the terms of the plan in each case including the eligibility requirements as established under the plans. To be eligible for...
BENEFITS & PENSION. 22.01 Effective 1st of the month following the date of ratification: (to be enrolled in same benefit plan as London/St. Xxxxxx).
BENEFITS & PENSION. Upon his termination of employment, Employee shall be entitled to aggregate annual retirement income of $125,000 consisting of (1) Employee’s accrued benefit under the Pension Plan for Employees of American Water Works Company, Inc. and its Designated Subsidiaries (the “Pension Plan”), (2) the Employee’s benefit under the Company’s Supplemental Executive Retirement Plan and/or the Supplemental Retirement Plan (collectively, the “SERP”), and (3) any additional payments necessary to reach an aggregate of $125,000, provided that Employee’s employment:
a. is terminated after completion of five “years of service” as defined by the Pension Plan;
b. is terminated by the Company for any reason other than cause; or
c. is terminated by reason of the Employee’s death or by reason of the Employee’s disability that entitles the Employee to long-term disability benefits under the Company’s disability plan. The benefit payable hereunder shall be paid in the form elected by the Employee in accordance with the terms of the Pension Plan or the SERP, as applicable, including the death benefits provided thereunder.
BENEFITS & PENSION. (a) The Employer shall provide a pension plan and employee contributions to that plan shall be up to 6% percent of gross earnings, with a matching contribution by the Employer.
(b) Pursuant to (a) above:
(i) Seasonal employees, at the time of rehire, shall advise the employer of their pension contribution election and that level of contribution shall remain in effect for one (1) year.
(ii) Permanent employees shall advise the employer no later than April 30th of each year of their pension contribution election and that level of contribution shall remain in effect for the greater of one (1) year or until that employee advises otherwise.
(c) Employees may make contributions to the pension plan in excess of the maximum amount outlined in 17.01(a), however these excess contributions shall not be matched by the Employer.
17.02 Management will supply an itemized statement, in duplicate, showing the names and contributions of the participating members.
17.03 Any members and registered apprentices shall be eligible to become full partners in the employee health benefits plan offered at the Confederation Centre of the Arts on an equal basis with those employed on a permanent basis. Employees who opt for such coverage who are laid off and remain on the call list shall continue to have this benefit cost shared with the employer on a 50-50 basis.
17.04 (a) Management will offer a health benefits plan for employees still working beyond the age of 70. This plan will be cost-shared with eligible employees on a 50-50 basis. 17:04 (b) Employees must work a minimum of 400 hours in the previous year to maintain medical coverage