Common use of GROUP INSURANCE AND RETIREMENT PLANS Clause in Contracts

GROUP INSURANCE AND RETIREMENT PLANS. 8.1. All group benefit plans shall remain in effect and shall not be changed or reduced with the signing of this MOU, except as mutually agreed, and shall hereby become a part of this MOU as is fully set forth herein; provided, however, except for the Retirement Plan, employees shall have the choice of accepting or rejecting the above-mentioned plans.

GROUP INSURANCE AND RETIREMENT PLANS. 8.1. All group benefit plans shall remain in effect and shall not be changed or reduced with the signing of this MOU, except as mutually agreedset forth in Section 8.3, and shall hereby become a part of this MOU as is fully set forth herein; provided, however, except for the Retirement Annuity Plan, employees shall have the choice of accepting or rejecting the above-mentioned plans.