Full-Time Permanent Employees. a) Employees working beyond age sixty-five (65) will be entitled to the following modified benefit coverage: ▪ Extended health care without «Out of Country coverage» and «Drug coverage». ▪ Dental insurance ▪ $25,000 life insurance ▪ Optional life insurance (fully paid by the employee) ▪ A maximum of seventeen (17) weeks of short term sick leave (Income Protection Plan) annually. This entitlement will be subject to the provisions of the applicable Collective Agreement. ▪ Extended health care for spouse and eligible dependents under age 65. b) Coverage details for benefits provided in paragraph (a) above will be as defined in the Benefits Master Plan Document. c) Cost sharing for the benefits plan will be in accordance with the formula contained in the Collective Agreement. d) Employees will no longer be covered for Accidental Death and Dismemberment (AD&D) and Long Term Disability (LTD) benefits from age sixty-five (65). e) The modified benefit coverage described in (a) above will take effect the first of the month following the month the employee turns 65. f) All benefits will stop at age sixty-nine (69).
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Full-Time Permanent Employees. a) Employees working beyond age sixty-five (65) will be entitled to the following modified benefit coverage: ▪ Extended health care without «Out of Country coverage» and «Drug coverage». ▪ Dental insurance ▪ $25,000 life insurance ▪ Optional life insurance (fully paid by the employee) ▪ A maximum of seventeen (17) weeks of short term sick leave (Income Protection Plan) annually. This entitlement will be subject to the provisions of the applicable Collective Agreement. ▪ Extended health care for spouse and eligible dependents under age 65.
b) Coverage details for benefits provided in paragraph (a) above will be as defined in the Benefits Master Plan Document.
c) Cost sharing for the benefits plan will be in accordance with the formula contained in the Collective Agreement.
d) Employees will no longer be covered for Accidental Death and Dismemberment (AD&D) and Long Term Disability (LTD) benefits from age sixty-five (65).
e) The modified benefit coverage described in (a) above will take effect the first of the month following the month the employee turns 65.
f) All benefits will stop at age sixty-nine (69). * g) Effective on the employee’s sixty-ninth (69th) birthday, an employee working beyond age sixty-nine (69) will receive money in lieu of benefits in the amount of 4% of their regular earnings.
Appears in 1 contract
Samples: Collective Agreement
Full-Time Permanent Employees. a) Employees working beyond age sixty-five (65) will be entitled to the following modified benefit coverage: ▪ § Extended health care without «Out of Country coverage» and «Drug coverage». ▪ § Dental insurance ▪ § $25,000 life insurance ▪ Optional § No optional life insurance (fully paid by the employee) ▪ § A maximum of seventeen (17) weeks of short term sick leave (Income Protection Plan) annually. This entitlement will be subject to the provisions of the applicable Collective Agreement. ▪ Extended health care § Drug coverage for dependents and spouse and eligible dependents under the age 65of 65 in accordance with the benefit plan.
b) Coverage details for benefits provided in paragraph (a) above will be as defined in the Benefits Master Plan Document.
c) Cost sharing for the benefits plan will be in accordance with the formula contained in the Collective Agreement.
d) Employees will no not longer be covered for Accidental Death and Dismemberment (AD&D) and Long Term Disability (LTD) benefits from age sixty-five (65)benefits.
e) The modified benefit coverage described in (a) above will take effect the first of the month following the month the employee turns 65.
f) All benefits will stop at age sixty-nine (69).
Appears in 1 contract
Samples: Collective Agreement