Common use of Payment of Benefits for Early Retirees Clause in Contracts

Payment of Benefits for Early Retirees. The Employer agrees that employees with twenty (20) years of service with York Region will be eligible to have Extended Health and Dental Benefits continue, paid by the Employer from the time of retirement, which shall not be earlier than age fifty- five (55) years, to the end of the month in which she/he turns sixty-five (65). The benefit coverage provided to early retirees will be equal to that coverage provided active employees. Any changes made to the benefit coverage for active employees will also be made to the coverage provided to retired employees.

Payment of Benefits for Early Retirees. The Employer agrees that employees with twenty (20) years of service with York Region will be eligible to have Extended Health and Dental Benefits continue, paid by the Employer from the time of retirement, which shall not be earlier than age fifty- five (55) years, to the end of the month in which she/he the nurse turns sixty-five (65). The benefit coverage provided to early retirees will be equal to that coverage provided active employees. Any changes made to the benefit coverage for active employees will also be made to the coverage provided to retired employees.