Early Retiree Benefits. (F/T) The Employer shall contribute seventy-five percent (75%) of the premiums for an Early Retiree Benefits Plan in accordance with OMERS guidelines.
Early Retiree Benefits i) For employees retiring on a reduced or unreduced pension with a minimum of 5 years of service at a minimum age 55, employees may elect the following up to age 65:
a) Life Insurance 1 x annual salary 50% employer paid reduced to $2,500 (Region paid) at age 65
b) Extended Health 50% employer paid 80% reimbursement vision care 80% of $200 every 24 months c) Dental 50% employer paid, annual maximum of $2000 per person, per calendar year. Basic - 80% reimbursement Major restorative - 50% reimbursement Orthodontics - 50% reimbursement up to plan maximums (eligible dependent children only)
Early Retiree Benefits. An employee who has completed ten (10) years of service with the Company and who is granted an early retirement pension shall, from date of early retirement until the employee’s sixty-fifth (65th) birthday, have the following premiums paid on behalf of the employee and dependents by the Company. • Major medical insurance • Dental insurance
Early Retiree Benefits. Full-time nurses who retire early from the Corporation and have twenty-five (25) years of continuous service, are between the ages of fifty-five (55) and sixty-five (65), or meet the eligibility criteria of OMERS (e.g. the ninety (90) factor) shall be eligible for the following coverage and the nurse will pay fifty percent (50%) of the premium cost:
a) Extended Health Care (excluding Dental);
b) Life Insurance at one (1) times annual salary, frozen at date of retirement;
c) Dependent Life Insurance Semi-private coverage will be available and the nurse will pay fifty percent (50%) of the premium cost. All benefits will cease when the retired nurse reaches age sixty-five (65).
Early Retiree Benefits. Any bargaining unit nurse who retires early and wishes to participate in the benefit plans as outlined in article 17.01(h) will provide advance payment of the benefits as invoiced by the Employer. The Employer will notify the Union of the benefit costs to retired nurses each time the benefit costs are renegotiated by the Employer.
Early Retiree Benefits. An eligible full-time nurse will be entitled to early retiree benefits as outlined in Appendix C.
Early Retiree Benefits. The parties agree that any enhancements to the Early Retiree Benefits will be implemented across the Region of Peel and deemed to be included in the current Collective Agreement. IN WITNESS HEREOF, each of the parties has caused this Letter to be renewed by its duly authorized representatives this day of , 20 Signed on behalf of the Regional Municipality of Peel Signed on behalf of the Union Xxxxxxx Xxxxxxx Director, Long Term Care Xxxx Xx Xxxxx President, CUPE Local 966 Xxxxxxx Xxxxx Commissioner, Health Services Xxxxx Xxxxxxx CUPE National Representative Xxxxxxx Xxxxxxx Regional Clerk Xxxx Xxxxxxxxx Bargaining Committee Member Xxxx Xxxxxxx (Acting) Manager, Employee and Labour Relations Xxx Xxxxxxxx Bargaining Committee Member Xxxxxxxx Xxxxx Bargaining Committee Member
Early Retiree Benefits. The Centre will notify the Union of the benefit costs to retired nurses in April of each year.
Early Retiree Benefits i) For employees retiring on a reduced or unreduced pension with a minimum of 5 years of service at a minimum age 55, employees may elect the following up to age 65:
(a) Life Insurance 1 x annual salary 50% employer paid reduced to $2,500 (Region paid) at age 65;
(b) Extended Health - 50% employer paid - 80% reimbursement - vision care 80% of $200 every 24 months
(c) Dental - 50% employer paid, annual maximum of $2000 per person, per calendar year. - Basic - 80% reimbursement - Major restorative - 50% reimbursement - Orthodontics - 50% reimbursement up to plan maximums (eligible dependent children only)
(d) Health Spending HSA to pay for medical/dental benefits not Account (HSA) covered by the plan and deemed eligible by the Canada Customs and Revenue Agency. $750 if both Extended Health and Dental coverage elected. $375 if either medical or dental elected A carry over to the maximum of a two year accrual of the HSA can occur subject to the regulations as established by the Canada Customs and Revenue Agency and the contract between the Region and the Benefit Provider.
Early Retiree Benefits. An eligible employee will be entitled to early retiree benefits as outlined in Appendix A.
