OPEBs for Retired Members Sample Clauses

OPEBs for Retired Members. A) Notwithstanding the terms of the Collective Agreement it is expressly agreed and understood that, effective on Closing, Stelco shall have no obligations to provide other post-employment benefits (“OPEBs”) to the retired members of Local 8782B. Instead, Stelco shall be obligated to contribute as set out in the OPEBs Trust and Funding Arrangements (as defined herein). Stelco shall be obligated to pay the costs of the existing retiree benefits as identified in the Collective Agreement and the retiree benefits as identified in the Agreement for an Insurance Program and administration and taxes as well as the administration costs of the trust responsible for administering the benefits set out in the OPEBs Trust and Funding Arrangements (as defined herein). It is provided that the OPEBs Trust and Funding Arrangements do not form part of the Collective Agreement and except for Stelco’s obligation to make payments pursuant to the OPEBs Trust and Funding Arrangements, neither the terms of the OPEBs Trust and Funding Arrangements, nor any dispute regarding OPEBs entitlement, are subject to the grievance and arbitration procedure under the Collective Agreement or the dispute resolution provision under the Agreement for an Insurance Program. In the event that Stelco’s payment obligation exceeds $4 million per annum and there is any dispute about the amount to be paid on account of OPEBs in excess of $4 million, the Union shall indicate its calculation and the arbitrator shall decide what amount, if any, between the amount paid by the Company during the year in question and the amount claimed by the Union shall be payable. The parties shall agree on a panel of arbitrators to adjudicate these, and pension-related, matters.
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Related to OPEBs for Retired Members

  • Benefits for Retirees The Employer will continue payment of Extended Health, Semi-Private Health Care Coverage or equivalent for any employee from the date of early retirement to the age of sixty-five (65). However, the Employer will not continue payment of the Dental Plan or any other benefit plan, and employees will not be entitled to subscribe to same under any conditions.

  • Names of Retirees Effective September 1, 2009, the Employer will send a monthly report to the Union of the names of individuals that have retired the previous month. For purposes of this Agreement, a retiree shall be defined as a person who has given the Agency written notice that he/she is separating from State service by retirement and that person has actually separated from State service.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • EMPLOYMENT OF RETIRED TEACHERS A. For purposes of salary schedule placement, a retired Teacher will be granted a maximum of ten (10) years’ service credit and their educational attainment. A retired Teacher may not advance beyond Level 10 on the salary schedule.

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • Leave Without Pay for Relocation of Spouse (a) At the request of an employee, leave without pay for a period of up to one (1) year shall be granted to an employee whose spouse is permanently relocated and up to five (5) years to an employee whose spouse is temporarily relocated.

  • Retired Teachers The BOARD may employ and assign retired teachers as day-to-day substi- tutes for no more than one hundred school days during the school year and shall pay such teachers the rate paid to day-to-day substitutes. The BOARD shall compensate such retired teachers in accor- dance with Appendix A-1L. Such retired teachers shall not be eligible for any other benefits provided to bargaining unit employees under this Agreement. The BOARD agrees that the employment and as- signment of retired teachers shall not result in the displacement of any appointed or assigned teacher.

  • Benefits for Early Retirees The Hospital will provide to all employees who retire and have not yet reached age sixty-five (65) and who are in receipt of the Hospital’s pension plan benefits, semi-private, extended health care and dental benefits on the same basis as is provided to active employees, as long as the retiree pays the Employer the full amount of the monthly premiums in advance.

  • Retired Employees A. Employees who retire under the Florida Retirement System shall be eligible, upon request, to receive on the same basis as other employees the following benefits at the University, subject to University Regulations and policies:

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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