Common use of Continuation of Benefit Plans Clause in Contracts

Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, an employee who retires to pension may have access to continued benefits as contained in the Kawartha Pine Ridge District School Board Retiree Benefits Plan until the employee attains the age of sixty-five (65) years. b) To maintain participation and coverage under the Collective Agreement, the retired employee must agree to participate in a preauthorized debit plan to pay the full annual premiums. The retired employee will supply the Employer with a VOID cheque from the employee’s bank account. Deductions will be made from the individual’s account on the 15th of each month. The Employer reserves the right to discontinue the participation in the Benefit Plans for anyone should any two payments be denied for reason of insufficient funds.

Continuation of Benefit Plans. a) Subject to eligibility requirements as specified by the insurer, an employee who retires to pension may have access to continued benefits as contained in the Kawartha Kawaratha Pine Ridge District School Board Retiree Benefits Plan until the employee attains the age of sixty-sixty- five (65) years. b) To maintain participation and coverage under the Collective Agreement, the retired employee must agree to participate in a preauthorized debit plan to pay the full annual premiums. The retired employee will supply the Employer with a VOID cheque from the employee’s bank account. Deductions will be made from the individual’s account on the 15th of each month. The Employer reserves the right to discontinue the participation in the Benefit Plans for anyone should any two payments be denied for reason of insufficient funds.

Continuation of Benefit Plans. (a) Subject to eligibility requirements as specified by the insurer, an employee who retires to pension may have access to continued benefits as contained in the Kawartha Kawaratha Pine Ridge District School Board Retiree Benefits Plan until the employee attains the age of sixty-five (65) years. (b) To maintain participation and coverage under the Collective Agreement, the retired employee must agree to participate in a preauthorized debit plan to pay the full annual premiums. The retired employee will supply the Employer with a VOID cheque from the employee’s bank account. Deductions will be made from the individual’s account on the 15th of each month. The Employer reserves the right to discontinue the participation in the Benefit Plans for anyone should any two payments be denied for reason of insufficient funds.

Continuation of Benefit Plans. (a) Subject to eligibility requirements as specified by the insurer, an employee who retires to pension may have access to continued benefits as contained in the Kawartha Kawaratha Pine Ridge District School Board Retiree Benefits Plan until the employee attains the age of sixty-sixty- five (65) years. (b) To maintain participation and coverage under the Collective Agreement, the retired employee must agree to participate in a preauthorized debit plan to pay the full annual premiums. The retired employee will supply the Employer with a VOID cheque from the employee’s bank account. Deductions will be made from the individual’s account on the 15th of each month. The Employer reserves the right to discontinue the participation in the Benefit Plans for anyone should any two payments be denied for reason of insufficient funds.