PENSION AND HEALTH BENEFITS. The District’s benefit program includes group health benefits, including medical, and a reimbursable dental, vision, life/disability insurance, and medical co-pay cost for eligible employees. Coverage is also available for eligible dependents of eligible employees. Regular full-time employees and regular part-time employees regularly scheduled to work twenty (20) or more hours per week (excluding overtime) on a continuing basis are eligible for these health benefits. The District also contributes to a pension plan for all regular full-time employees and part- time employees regularly scheduled to work twenty (20) or more hours per week (excluding overtime) on a continuing basis. While this Agreement does not restate all of the features of the benefit programs, it provides brief summaries of some of the key provisions. It is important to remember that additional terms and conditions apply, and may impact eligibility and level of benefits. As a result, if there is any real or apparent conflict between this Agreement and the information set forth in official benefit plan documents, the provisions in the official plan documents control. Employees are encouraged to review the official plan documents for complete information.
PENSION AND HEALTH BENEFITS. 31.01 PENSION PLAN The employees covered by this Agreement will continue to receive the benefits provided under the Company's Revised General Pension Plan (the "Pension Plan") which was effective the 1st day of January 1971, and as subsequently amended in collective bargaining. Effective the day following the date of ratification, employees will receive the benefits of "The Revised General Pension Plan For Employees of Falconbridge Limited." If any differences arise between the Company and any of the employees or between the Company and the Union as to the interpretation, application, administration or alleged violation of the provisions of the Pension Plan, such differences shall be settled in accordance with the grievance procedure or arbitration set out in this Agreement.
PENSION AND HEALTH BENEFITS. The Health Plan, while not being part of the Collective Agreement, is presented for the information of the employees. The Company will pay the premiums and other administrative costs necessary to provide the following programs: Group Life Insurance Accidental Death and Dismemberment Insurance Optional Life and AD&D (premiums paid by employees) Dental Care Vision Care Extended Health Care, including Out-of -Country Health Care and Semi- private Hospitalization Short term Disability Long Term Disability These programs will continue in effect during the term of this Agreement subject to the amendments set out hereunder. GROUP LIFE INSURANCE Employee basic life insurance will be maintained at fifty thousand dollars ($50,000) and the survivorship benefit for all eligible employees will be ten thousand dollars ($10,000). ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE The principal sum amount under the AD&D benefit will be maintained at fifty thousand dollars ($50,000).
PENSION AND HEALTH BENEFITS. 22.01 The Employer agrees to pay premiums equal to the employee's deductions under the Ontario Municipal Employees Retirement System (OMERS) and the Canada Pension Plan.
PENSION AND HEALTH BENEFITS. Xxxxxxx shall further receive all rights and benefits under the Company's 401K plan (with Company contributions matching $.50 for each $1.00 of Xxxxxxx'x contributions up to 6% of Xxxxxxx'x base salary, subject to the limitations on Xxxxxxx'x contributions as provided by law) and the Company's health insurance plan (for which the Company shall pay 100% of the premium). Company shall also pay for an annual physical for Xxxxxxx and his spouse during each year of Xxxxxxx'x employment hereunder.
