Pension and Insurance Plans. An employee shall retire on the last day of the month in which his or her birthday occurs. However, any person past the age of sixty-five may be hired as a temporary employee.
Pension and Insurance Plans. (a) The present Pension and Insurance Plans of Bruce Power form part of this Collective Agreement. The pension portion of the Plan is generally described in the current brochure "Xxxxx Power Pension Plan". The insurance portion of the Plan is generally described in the current brochure “Bruce Power – Group Life Insurance Plan, Living Benefit and Spousal Life Insurance Brochure”. Changes to the plan affecting employees within the jurisdiction of the Union shall be subject to the following:
(i) Changes other than legislative changes shall be made only upon mutual consent.
(ii) Bruce Power shall not request legislation or Order-in-Council approval for proposed regulations or make rules which would change employee benefits unless upon mutual consent. Moreover, Bruce Power will not unilaterally seek legislation to change access to surplus unless upon mutual consent.
(iii) In the event of the enactment of any general* pension legislation applicable to the employees of Bruce Power, amongst others, Bruce Power may, after notification to the Union, effect amendment of the Plan provided that the combination of benefits resulting from the Plan as so amended and such legislation will not be less in the aggregate than the benefits now provided.
(b) Pension and insurance items will be submitted at the time that regular amendments to the Collective Agreement are submitted and will be negotiated at the time of regular bargaining.
Pension and Insurance Plans. Casual employees will not be employed in place of hiring a full-time permanent employee.
Pension and Insurance Plans. The Northern Employees Benefits Services Pension Plan is a term or condition of employment for all permanent employees.
Pension and Insurance Plans. An employee electing to retire shall retire on the last day of the month in which they elect to retire.
Pension and Insurance Plans. 26:01 An employee electing to retire shall retire on the last day of the month in which they elect to retire.
26:02 The Corporation and the employees shall participate in the Ontario Municipal Employees Retirement System and Canada Pension Plan as established.
26:03 An employee wishing to retire under the provisions of an
Pension and Insurance Plans. The Supplemental Agreement with respect to the Pension Plan, and the Supplemental Agreement with respect to the Group Life Insurance Plan, Dependent Life Insurance Plan, Group Accidental and Dismemberment Plan, Group Medical Expense Insurance Plan and Dental Plan, to which the Company and the Union are parties, will terminate in accordance with their terms after February 28, 2009. These supplemental agreements will be amended as follows:
Pension and Insurance Plans. Northern Employee Benefits Services (NEBS) Pension Plan is a term and condition of employment for all eligible employees. The Northern Employee Benefits Services (NEBS) Group Benefit Plan (i.e. Basic Group Life Insurance, Accidental Death, Disease Dismemberment, Dependants Insurance, and Long Term Disability) and Short Term Disability (Weekly Indemnity) plan are terms and conditions of employment for all eligible employees. The Northern Employee Benefits Services (NEBS) Extended Health Care and Dental Insurance plans are optional plans available to each individual eligible employee. The Employer shall advise the pension plan and insurance plans administrator of any adjustments to earnings subject to these plans, terminations of employees covered by these plans, new eligible employees under these plans, and other required data as determined by these plans without delay. The Employer shall remit all required contributions and premiums for the plans under this Article within a reasonable period, and shall forward all claims under these plans in a The Employer shall distribute to all employees eligible for coverage under the plans in this Article all literature, statements and materials produced by NEBS and the insurers, which are intended for distribution to the employees. New eligible employees shall be provided with plan booklets upon hire and shall be enrolled in a timely manner. All issues concerning the pension and insurance plans, including issues of premiums and eligibility for benefits, are determined by the pension and insurance plan providers.
Pension and Insurance Plans. The Northern Employees Benefits Services Pension Plan is a term or of employment for all permanent employees. The Northern Employees Benefits Services Basic Group Life Insurance, Accidental Death Dismemberment, Dependants Insurance, Long Term and Weekly Indemnity plans are. or conditions of employment for all permanent employees. The Northern Employees Benefits Services Extended Health Care and Dental Insurance plans are optional plans available to each individual permanent employee. The Employer shall advise the Group Pension Plan and Insurance Plans administrator of any adjustments to earnings subject to these plans, terminations of employees covered by these plans, and other required data as determined by these plans within a reasonable period. The Employer shall remit all required premiums for the plans under this article a reasonable period. The Northern Employee Benefits Services employee counselling service is available to all permanent employees. The Employer’s obligation under this Article is only to provide access to the specified benefit plans. The benefit plan provider shall determine any questions concerning eligibility, entitlements or any other issues concerning benefits.
Pension and Insurance Plans. 16.01 All regular employees shall be required to enter Barrie Hydro’s pension plan, the Ontario Municipal Employee's Retirement System (basic pension plan) and authorize deductions from their wages in accordance with the prevailing regulations for administering the plan. All regular employees shall be enrolled in Barrie Hydro’s life insurance plan, the Municipal Hydro-Electric group life insurance plan.
16.02 The Employer agrees to purchase from the Ontario Municipal Employees' Retirement System a supplementary pension benefit for employees for each year of credited service prior to January 1, 1975 based on the formula of 2% of average earnings reduced by .7% of such average earnings or the year's maximum pensionable earnings under the Canada Pension Plan. The Employer agrees to purchase an O.M.E.R.S. Type 3 Supplementary Pension Benefit for all employees with an effective date of December 1, 1982 (including future cost but without disability option). In the event of a regular employee suffering a lay-off due to illness, injury, or a reduction in work volume, the Employer will continue as in the past to make its payments into the pension and insurance plan on behalf of such employee for a period of not more than three (3) months, provided the employee maintains his usual payment. Contributions to the Ontario Municipal Employees Retirement System (OMERS) shall be made in accordance with their prescribed regulations.
16.03 The Employer agrees to pay 75% effective May 6, 2002 of the premiums for early retirees from age 55 to 65 who have a minimum of 15 years of service with Barrie Hydro including all employees from the former Barrie Public Utilities Commission, the former Bradford/West Gwillimbury Public Utilities Commission, the former New Tecumseth Hydro Electric Commission and the former Penetanguishene Hydro Electric Commission who transferred on October 30, 2000 for the following benefit package:
R (1) Health Carrier Extended Health Care Plan; Prescription eyewear - $325 (effective May 6, 2007) and $350 (effective May 6, 2009) every 24 months.
(2) The Employer agrees to pay for annual eye examinations.
