GROUP INSURANCE AND RETIREMENT Sample Clauses

GROUP INSURANCE AND RETIREMENT. 33.01 Company shall pay the premium for the applicable group benefit plan on behalf of eligible employees who have completed their probationary period. 33.02 Eligibility to participate and entitlement under any of the benefit plans or any issue concerning benefits shall be subject to the specific provisions of the insurance plans, policies or contracts. Any dispute over payment of benefits under any such plans, policies or contracts shall be adjusted between the claiming employee and the insurer concerned. 33.03 The Company may select the insurance carrier(s) of its choice or may change insurance carrier(s) or self-insure as it sees fits provided that the level of benefits shall not be diminished from those provided in Sun Life Financial contract number, 54305 and 14195, UTIL Canada Limited. 33.04 On the Company’s request, the Union will meet with the Company to review the benefit plans with a view to containing costs in the most efficient manner. Nothing herein binds either party to alter any provisions contained in this Article. 33.05 It is understood that nothing herein shall be construed to make the Company the insurer of the insured benefits and the Company obligation is entirely fulfilled by the payment of the premiums herein before set out.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
GROUP INSURANCE AND RETIREMENT. 17.1 Employees covered by these Agreements may participate in the group insurance and retirement programs of the Employer under the same terms, rates and conditions of eligibility as may be provided at any time for all other Employees of the Employer. If the Employer wishes to make any changes in the current health, dental, pension, disability or life insurance benefits: a) Union representatives will be consulted prior to making any such changes; and b) after such consultation, the Employer may make changes at its discretion provided that the aggregate amount the Employer contributes to these plans will be no less than ten and nine-tenths percent (10.9%) of the bargaining unit base payroll at the time of the proposed change. 17.2 Employees entitled to additional compensation provided for in Article 21.2.3 of this Agreement shall participate in the Entertainment Industry Flex Plan, or its successor, which complies with all applicable provisions of law and regulations thereunder, including, but not limited to Section 302(C) of the Labor Management Relations Act of 1947, as amended and Sections 401, et seq., and 501, et seq., of the Internal Revenue Code, thereby qualifying such funds as exempt trusts and permitting the Employer to deduct its contributions thereto, in the amount of six percent (6 %) of pre-tax earnings. In addition, the Employer will allow Employees voluntarily to make additional pre-tax contributions to such plan. Employees entitled to additional compensation provided for in Article 21.2.3 of this Agreement may participate in the Entertainment Industry 401k plan, or its successor, which complies with all applicable provisions of law and regulations thereunder, including, but not limited to Section 302(C) of the Labor Management Relations Act of 1947, as amended and Sections 401, et seq., and 501, et seq., of the Internal Revenue Code, thereby qualifying such funds as exempt trusts. The Employer agrees to allow Employees to authorize payroll deductions to such plan on a pre-tax basis in accordance with the plan provisions.
Sample 1Sample 2
GROUP INSURANCE AND RETIREMENT. Life in- surance coverage and pension plan. (Additional insur- ance benefits and pension plan changes are outlined in letters of understanding.)
Sample 1Sample 2
GROUP INSURANCE AND RETIREMENT. (9.01) The Employer shall pay 80% of the monthly pre- miums for basic life insurance and accidental death and dismemberment insurance effective April 1, 2003, during the life of this Agreement for full-time employees. Such em- ployees are required to participate in the insurance plans. Coverage for each plan is equal to three times basic annual earnings to a maximum of $1,000,000. (9.02) The CTVglobemedia Publishing Inc. Employees’ Retirement Plan providing a retirement program for employ- ees now covered by this Agreement shall be continued by the Employer during the life of this Agreement. The Employer agrees to continue during the term of the Agreement payment of the Employer’s matching contribu- tion to the Canada Pension Plan without requiring reduction in The CTVglobemedia Publishing Inc. Employees’ Retire- ment Plan. Effective January 1, 2011, existing members of the de- fined benefit pension provisions will be given the option to 1) cease earning credited service under the defined benefit provisions and thereafter participate in the defined contribu- tion provisions of the plan; or 2) continue earning credited service under the defined benefit provisions of the plan. No employee will join the defined benefit provisions of the plan on or after July 3, 2009. All new employees hired on or after July 3, 2009 will enroll in the defined contribution provi- sions of the plan, subject to the eligibility provisions of the plan.
Sample 1Sample 2
GROUP INSURANCE AND RETIREMENT. Effective with the date of this Agreement the Company and employees will share the cost of employee and employee dependent group insurance coverage on the following basis: Company 75% Employee 25% Effective with the date of this Agreement the Company agrees to pay the cost of employee long-term disability insurance and basic life insurance.
Sample 1
GROUP INSURANCE AND RETIREMENT. (a) Employees, retirees and a person with whom the employee or retiree shares a committed relationship as defined by the health insurance provider, and dependents shall be fully covered by the group medical, surgical, and hospitalization plan negotiated with the Employer. Employees shall be fully covered by the life and accidental death insurance policies and the pension plan negotiated with the Employer. In order to be eligible for retiree health insurance, an employee hired prior to April 1, 2002, or any employee who retires on a disability retirement, must have five (5) years of continuous service with the AFL-CIO, with the service contiguous to the date of retirement and an employee hired on or after April 1, 2002 (other than an employee who retires on a disability retirement) must have ten (10) years of continuous service with the AFL-CIO, with the service contiguous to the date of retirement, and an employee hired on or after October 6, 2010, must have fifteen (15) years of continuous service with the AFL-CIO, with the service contiguous to the date of retirement. (b) For permanent employees, retirees and a person with whom an employee or retiree shares a committed relationship as defined by the health insurance provider, and dependents, the annual maximum for dental coverage will be $3,000 (80% of $3,750) the maximum lifetime orthodontia benefit will be $3,500 per participant, and the vision reimbursement shall be increased to up to $350 biennially. The prescription drug plan co-pay for name-brand drugs for which there is no generic alternative shall be fifteen dollars ($15.00). The prescription drug co-pay for brand name drugs for which there is a generic alternative shall be fifteen dollars ($15.00). For orders of a three (3) month supply of brand-name drugs by mail, the co-pay shall be fifteen dollars ($15.00). The co-pay for non-mail order generic drugs shall be $1. The co-pay for mail order generic drugs remains $0. The co-pay for a three (3) month supply of non-mail order generic drugs shall be
Sample 1
GROUP INSURANCE AND RETIREMENT. 14.1 Insurance Plans 43 14.2 Accident Insurance 43 14.3 Tax Deferred Annuity 43 14.4 Michigan Retirement System 44 14.5 Retired Faculty Compensation 44
Sample 1
AutoNDA by SimpleDocs
GROUP INSURANCE AND RETIREMENT. The Employer shall maintain the Group Life Insurance Plan, or a Plan providing at least equal benefits. in effect at time of the signing of this Agreement during the life of this Agreement for full- time employees who have completed their probationary period. Such employees are required to participate in The Globe and Mail Group Life Plan. An employee may select coverage equal to or equal to one one-halftimes his salary at the base rate or two times his annual salary at the base rate. The Company will pay the cost of the first of coverage. For coverage in excess of the employee shall pay of the premium cost per thousand dollars of insurance and the Company shall pay the balance.
Sample 1
GROUP INSURANCE AND RETIREMENT 
Sample 1Sample 2Sample 3

Related to GROUP INSURANCE AND RETIREMENT

  • Severance and Retirement Options (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • ’ Compensation Insurance and Disability Benefits Requirements New York State Workers’ Compensation Law (WCL) §57 & §220 requires the heads of all municipal and state entities to ensure that businesses applying for permits, licenses or contracts, document that they have appropriate workers’ compensation and disability benefits insurance coverage. These requirements apply to both original contracts and renewals, whether the governmental agency is having the work done or is simply issuing the permit, license or contract. Failure to provide proof of such coverage or a legal exemption will result in a rejection of a Vendor Submission or renewal. A Vendor may not be awarded a Contract unless proof of workers’ compensation and disability insurance is provided to OGS. 1. Proof of Compliance with Workers’ Compensation Coverage Requirements: An XXXXX form (certificate of insurance) is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a Vendor/Contractor shall: a) Be legally exempt from obtaining Workers’ Compensation insurance coverage; or b) Obtain such coverage from an insurance carrier; or c) Be a Workers’ Compensation Board-approved self-insured employer or participate in an authorized self-insurance plan. A Vendor seeking to enter into a Contract with the State of New York shall provide one of the following forms to OGS at the time of Vendor Submission, and thereafter, within three (3) days of request: a) Form CE-200, Certificate of Attestation for New York Entities With No Employees and Certain Out of State Entities, That New York State Workers’ Compensation and/or Disability Benefits Insurance Coverage is Not Required, which is available on the Workers’ Compensation Board’s website (xxx.xxx.xx.xxx); (Reference applicable Solicitation and Group #s on the form.); b) Certificate of Workers’ Compensation Insurance: i) Form C-105.2 (9/07) if coverage is provided by the Vendor/Contractor’s insurance carrier, the Vendor/Contractor must request that its insurance carrier send this form to OGS, or ii) Form U-26.3 if coverage is provided by the State Insurance Fund, the Vendor/Contractor must request that the State Insurance Fund send this form to OGS; c) Form SI-12, Certificate of Workers’ Compensation Self-Insurance available from the New York State Workers’ Compensation Board’s Self-Insurance Office; or d) Form GSI-105.2, Certificate of Participation in Workers’ Compensation Group Self-Insurance available from the Vendor/Contractor’s Group Self-Insurance Administrator.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • COMPENSATION COVERAGE a) The Employer shall provide coverage to all employees for injury on the job under the Workers’ Compensation Act of the Province of Alberta, or under an Insured Plan which provides coverage of compensation equal thereto.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!