Common use of Continuation of Benefits and Eligibility Clause in Contracts

Continuation of Benefits and Eligibility. The benefits in their present structure and to their present extent, as modified by, the Benefit Fund Trustees, shall be continued and shall be limited only by available funds as specified in Paragraph 5 below. Nothing herein, however, shall limit the Trustees in determining the priorities to be given to any particular benefit or set of benefits. The Trustees shall have the authority to modify the existing benefits, eligibility rules, and regulations for active employees and retirees to the extent they determine necessary. For retirements before age 55 coverage begins at attainment of age 55. Level of health and welfare coverage determined by age + service on date of actual retirement.

Appears in 5 contracts

Samples: Agreement, Agreement, Implementation Agreement

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