Common use of Health Benefits on Retirement Clause in Contracts

Health Benefits on Retirement. An employee who ceases to be a member of this plan because he has retired from active service with the Company, (or the spouse of an employee who died), and who is receiving a pension under the provisions of the Pension Plan for employees in Local 2724 USW (except a pension payable under the "deferred pension" provision of Article 5 of the pension agreement) shall be covered, and his eligible dependents shall be covered, as of the effective date of the pension, for a Major Medical Plan (including prescription drugs) and a Semi-Private Hospital Plan. The spouse of a deceased pensioner who retired from active service (and that deceased pensioner's eligible dependents) shall also be covered by the Major Medical and Semi-Private Hospital Plans. The plan will include drugs or medicines purchased from a licensed pharmacy, a physician, or hospital for which a medical prescription is necessary except that benefits available under a government prescription drug plan will not be duplicated under this plan. The plan will also pay for injectable drugs, sera and vaccines when administered by a qualified person but excludes the actual charge for its administration. The plan will pay 80% of the cost of such Major Medical expenses including prescribed drugs and medicines, up to a lifetime maximum of $140,000, after a deductible of $25 for each person to a maximum of $75 per family has been satisfied in any calendar year. The plan will also pay 100% of a hospital’s standard Semi-Private room daily rate, for the retiree and his eligible dependents. The plan does not provide the many patent medicines, food supplements, vitamins and other items that normally could be bought over the counter without a prescription whether such items are prescribed or not. The spouse and dependents of an employee who died while in active service will also be entitled to Dental benefits under Article 3.09 until the later of the youngest dependent attaining age 21 or the former spouse attaining age 60. A more detailed explanation of the Health Benefits on retirement is available from the Human Resources department. The plan will reimburse 50% of the receipted cost of glasses and hearing aids to a maximum of $200 per family through to July 31, 2013. This shall also apply to all retirees who retired prior to August 1, 2010. During the period of August 1, 2010 to July 31, 2013, any retiree or eligible dependent who reaches the Lifetime Maximum Limit (i.e. $140,000) will be provided with the full support of Essar Steel Algoma Inc. to access alternate funding sources to ensure that the claimant is fully compensated for eligible expenses. Essar Steel Algoma Inc. will be the second payer to any and all government funding program. If retirees are unable to access alternate funding, it is agreed that Essar Steel Algoma Inc. will ensure all eligible costs covered under the appropriate Policy are paid.

Health Benefits on Retirement. An employee who ceases to be a member of this plan because he has retired from active service with the Company, (or the spouse of an employee who died), and who is receiving a pension under the provisions of the Pension Plan for employees in Local 2724 USW 0000 XXXX (except a pension payable under the "“deferred pension" ” provision of Article 5 5) of the pension agreement) shall be covered, and his eligible dependents shall be covered, as of the effective date of the pension, for a Major Medical Plan (including prescription drugs) and a Semi-Private Hospital Plan. The spouse of a deceased pensioner who retired from active service (and that deceased pensioner's ’s eligible dependents) shall also be covered by the Major Medical and Semi-Private Hospital Plans. The plan will include drugs or medicines purchased from a licensed pharmacy, a physician, or hospital for which a medical prescription is necessary except that benefits available under a government prescription drug plan will not be duplicated under this plan. The plan will also pay for injectable drugs, sera and vaccines when administered by a qualified person but excludes the actual charge for its administration. The plan will pay 80% of the cost of such Major Medical expenses including prescribed drugs and medicines, up to a lifetime maximum maximurn of $140,00075,000, after a deductible of $25 for each person to a maximum of $75 per family has been satisfied in any calendar year. The plan will also pay 100% of a hospital’s standard Semi-Private room daily rate, for the retiree and his eligible dependents. The plan does not provide the many patent medicines, food supplements, vitamins and other items that normally could be bought over the counter without a prescription whether such items are prescribed or not. The spouse and dependents of an employee who died while in active service will also be entitled to Dental benefits under Article 3.09 until the later of the youngest dependent attaining age 21 or the former spouse attaining age 60. A more detailed explanation of the Health Benefits on retirement is available from the Human Resources department. The plan will reimburse 50% of the receipted cost of glasses and hearing aids to a maximum of $200 per family through to July 31, 2013. This shall also apply to all retirees who retired prior to August 1, 2010. During the period of August 1, 2010 to July 31, 2013, any retiree or eligible dependent who reaches the Lifetime Maximum Limit (i.e. $140,000) will be provided with the full support of Essar Steel Algoma Inc. to access alternate funding sources to ensure that the claimant is fully compensated for eligible expenses. Essar Steel Algoma Inc. will be the second payer to any and all government funding program. If retirees are unable to access alternate funding, it is agreed that Essar Steel Algoma Inc. will ensure all eligible costs covered under the appropriate Policy are paid.

Health Benefits on Retirement. An employee who ceases to be a member of this plan because he has retired from active service with the Company, (or the spouse of an employee who died), and who is receiving a pension under the provisions of the Pension Plan for employees in USW Local 2724 USW 2251 (except a pension payable under the "deferred pensionDeferred Pension" provision of Article 5 4 of the pension agreementPension Agreement) shall be covered, and his eligible dependents shall be covered, as of the effective date of the pension, for a Major Medical Plan (including prescription drugs) and a Semi-Private Hospital Prescription Drug Plan. The spouse of a deceased pensioner who retired from active service (and that deceased pensioner's eligible dependents) shall also be covered by the Major Medical and Semi-Private Hospital PlansPrescription Drug Plan. The plan will include drugs or medicines purchased from a licensed pharmacy, a physician, or hospital for which a medical prescription is necessary except that benefits available under a government prescription drug plan will not be duplicated under this plan. The plan will also pay for injectable drugs, sera and vaccines when administered by a qualified person but excludes the actual charge for its administration. The plan will pay 80% of the full cost of such Major Medical expenses including prescribed drugs and medicines, up to a lifetime maximum of $140,000140,000.00, after a deductible of $25 15 for each one person to or $30 for two or more persons in a maximum of $75 per family has been satisfied in any calendar year. The plan will also pay 100% of a hospital’s standard Semi-Private room daily rate, for the retiree and his eligible dependents. The plan does not provide the many patent medicines, food supplements, vitamins and other items that normally could be bought over the counter without a prescription whether such items are prescribed or not. The spouse and dependents of an employee who died while in active service will also be entitled to Dental benefits under Article 3.09 until the later of the youngest dependent attaining age 21 or the former spouse attaining age 60. A more detailed explanation of the Health Benefits on retirement is available from the Human Resources department. The plan will reimburse 50% of the receipted cost of glasses and hearing aids to a maximum of $200 per family through to for the life of the agreement (i.e. July 31, 2013). This shall also apply to all retirees who retired prior to August 1, 2010. During the period of August 1, 2010 to July 31, 2013, any retiree or eligible dependent who reaches the Lifetime Maximum Limit (i.e. $140,000) will be provided with the full support of Essar Steel Algoma Inc. to access alternate funding sources to ensure that the claimant is fully compensated for eligible expenses. Essar Steel Algoma Inc. will be the second payer to any and all available government funding programprograms. If retirees are unable to access alternate funding, it is agreed that Essar Steel Algoma Inc. will ensure all eligible costs covered under the appropriate Policy are paid.