GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. Full-time employees who earn up to and including $30,000 a year shall be provided $15,000 of coverage under the Foundation’s Group Life Insurance Plan; those who earn over $30,000 a year shall be provided $30,000 of coverage.
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. The Employer will contribute the following per month towards the premium cost for $25,000 of life and accidental death and dismemberment insurance for full-time employees enrolled in the Group Life and Accidental Death and Dismemberment Insurance Plan, to a maximum of 100% of the benefit premium: Effective Employer Share January 1, 2009 $5.24
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. The Employer agrees to pay one hundred percent (100%) of all premiums for Group Life Insurance Coverage provided through the Group Benefit Package. It is understood that the payment of these premiums is a taxable benefit to the employee and as such, the amount will be added to taxable income. The Employer agrees to pay one hundred percent (100%) of all premiums for Accidental Death and Dismemberment Insurance coverage provided through the Group Benefit Package. It is understood that these premiums do not constitute a taxable benefit to the employee. The Group Benefit Package provided by the Employer will include the following coverage levels: Group Life Insurance – two times annual salary to a maximum of $200,000.00 and Accidental Death & Dismemberment Insurance – two times annual salary to a maximum of $200,000.00
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. For employees who commence employment prior to the 65th birthday, the Company will pay 100% of the premium cost for Group Life Insurance in the amount of 1 x base annual salary upon the employee’s completion of his probationary period. The Company will also pay 100% of the premium cost for Accidental Death and Dismemberment Insurance in the amount of 2 x base annual salary. Upon an employee’s sixty-fifth (65th) birthday, Group Life Insurance and Accidental Death and Dismemberment insurance coverage will be discontinued. All retirees will receive a paid up life Insurance Policy of two thousand dollars ($2,000.00) upon their retirement from the Company. Prescription Drug Plan: The Company will pay 100% of the cost of the single/family premiums for a Prescription Drug Card with 90% co-insurance and a twenty-five dollar ($25.00) deductible per family for each employee, upon completion of his probationary period.
GROUP LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. For employees who commence employment prior to the 65th birthday, the Company will pay 100% of the premium cost for Group Life Insurance in the amount of 1 x base annual salary upon the employee's completion of his probationary period. The Company will also pay 100% of the premium cost for Accidental Death and Dismemberment Insurance in the amount of 2 x base annual salary. Upon an employee's sixty-fifth (65th) birthday, Group Life Insurance and Accidental Death and Dismemberment insurance coverage will be discontinued. All retirees will receive a paid up life Insurance Policy of two thousand dollars ($2,000.00) upon their retirement from the Company. Prescription Drug Plan: The Company will pay 100% of the cost of the single/family premiums for a Prescription Drug Card with 90% co-insurance and a twenty-five dollar ($25.00) deductible per family for each employee, upon completion of his probationary period. Medical Plan: The Company will pay 100% of the premium cost for “Paramedical Services” with a $500.00 calendar year maximum for the following: ▪ Licensed psychologists ▪ Massage therapists ▪ Speech therapists ▪ Physiotherapists ▪ Naturopaths ▪ Acupuncturists ▪ Licensed osteopaths ▪ Chiropractors ▪ Podiatrists ▪ Chiropodists ▪ One x-ray examination per specialty in each benefit year ▪ EMS (Ambulance) services Dental Plan: Upon completion of his probationary period, the Company will pay 100% of the cost of the single/family premiums for a Preventative Dental Care Plan based on the Ontario Dental Association Schedule of fees with a one (1) year lag for each employee. The Company will pay for orthodontics for children under the age of 18 at a 50% co-pay and lifetime maximum of $500.00. Letter of understanding to be written indicating that if during the term of this contract the lifetime maximum increases for the Vicwest salaried and non-union group, then union maximum will increase accordingly. Optical Plan: Upon completion of his probationary period, the Company will provide the employee with an optical plan as follows: (i) $200.00 in any 24 consecutive month period for the employee and each of his eligible dependents 18 years of age and older and (ii) $200.00 in any 12 consecutive month period for each of the employee's eligible dependents under 18 years of age, towards the cost of purchasing and fitting prescription glasses; including prescription sunglasses, and contact lenses. Vision Exam The Company will cover $75.00 every two (2) years for vision ex...
