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).
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Early Retiree Benefits. Full-time nurses who retire early from the Corporation and have twenty-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).
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
