Common use of PENSION AND INSURANCE Clause in Contracts

PENSION AND INSURANCE. 15.1 All eligible employees with the Corporation shall participate in the Corporation's Pension and Insurance Plans as follows: • Ontario Municipal Employees Retirement System Basic FAE (Final Average Earnings) on a equally shared basis with the Corporation. • The Corporation and the employees shall participate in the Canada Pension Plan as required by the Canada Pension Act. • The Corporation shall provide Life Insurance coverage for all regular employees in receipt of normal base wages, equivalent to current coverage of one and one-half (1½) times the employee's normal base wages. 15.2 The Corporation agrees to pay fifty percent (50%) of the premiums for Dental, Extended Health including Vision Care for all employees who retire early between the ages of 55 to 65.

PENSION AND INSURANCE. 15.1 All eligible employees with the Corporation shall participate in the Corporation's Pension and Insurance Plans as follows: • Ontario Municipal Employees Retirement System Basic FAE (Final Average Earnings) on a equally shared basis with the Corporation. • The Corporation and the employees shall participate in the Canada Pension Plan as required by the Canada Pension Act. • The Corporation shall provide Life Insurance coverage for all regular employees in receipt of normal base wages, equivalent to current coverage of one and one-half (1½) times the employee's normal base wages. 15.2 The Corporation agrees to pay fifty percent (50%) of the premiums for Dental, Dental and Extended Health including Vision Care for all employees who retire early between the ages of 55 to 65.

PENSION AND INSURANCE. 15.1 All eligible employees with the Corporation shall participate in the Corporation's Pension and Insurance Plans as follows: •  Ontario Municipal Employees Retirement System Basic FAE (Final Average Earnings) on a equally shared basis with the Corporation. •  The Corporation and the employees shall participate in the Canada Pension Plan as required by the Canada Pension Act. •  The Corporation shall provide Life Insurance coverage for all regular employees in receipt of normal base wages, equivalent to current coverage of one and one-half (1½) times the employee's normal base wages. 15.2 The Corporation agrees to pay fifty percent (50%) of the premiums for Dental, Extended Health including Vision Care for all employees who retire early between the ages of 55 to 65.