Common use of Post Normal Retirement Age (65) Benefits Clause in Contracts

Post Normal Retirement Age (65) Benefits. After attaining Normal Retirement Age a Continuing employee will be eligible for the following benefits programs, provided they remain actively employed on a full time basis: • Pension Plan for Administrative Staff (contributions will continue up until the earlier of your retirement date, age plus service is 95, or the end of the year you attain age 69) • Dental Plan, Extended Health, Vision Care and Out of Country coverage Plan. Employees who have reached Normal Retirement Date will use the Ontario Drug Benefit(ODB) as first payer, if eligible. Any drugs not covered by ODB that are covered by the University Plan may be submitted for reimbursement. • a $15,000 Life Insurance Benefit while continuing to work on a full time basis past age 65. • Parental Leave • Compassionate Leave • Bereavement Leave • Educational Assistance • Vacation • Long Service Awards • Employee Assistance After achieving Normal Retirement Age the following benefits programs for active Continuing employees will cease: • Long Term Disability • Basic Life Insurance, Optional Life Insurance, Dependent Life Insurance • Voluntary Personal Accident Insurance Employees may elect to convert the amount of life insurance in force as at Normal Retirement Date, up to a maximum of $200,000, to a private policy within 31 days. Premiums for this private policy are 100% paid by the employee. Voluntary Personal Accident Insurance in force may also be converted to a private policy.

Post Normal Retirement Age (65) Benefits. After attaining Normal Retirement Age a Continuing employee will be eligible for the following benefits programs, provided they remain actively employed on a full time basis: • Pension Plan for Administrative Staff (contributions will continue up until the earlier of your retirement date, age plus service is 95, or the end of the year you attain age 69) • Dental Plan, ,Extended Health, Vision Care and Out of Country coverage Plan. Employees who have reached Normal Retirement Date will use the Ontario Drug Benefit(ODB) as first payer, if eligible. Any drugs not covered by ODB that are covered by the University Plan may be submitted for reimbursement. • a $15,000 Life Insurance Benefit while continuing to work on a full time basis past age 65. • Parental Leave • Compassionate Leave • Bereavement Leave • Educational Assistance • Vacation • Long Service Awards • Employee Assistance After achieving Normal Retirement Age the following benefits programs for active Continuing employees will cease: • Long Term Disability • Basic Life Insurance, Optional Life Insurance, Dependent Life Insurance • Voluntary Personal Accident Insurance Employees may elect to convert the amount of life insurance in force as at Normal Retirement Date, up to a maximum of $200,000, to a private policy within 31 days. Premiums for this private policy are 100% paid by the employee. Voluntary Personal Accident Insurance in force may also be converted to a private policy.

Post Normal Retirement Age (65) Benefits. After attaining Normal Retirement Age a Continuing employee will be eligible for the following benefits programs, provided they remain actively employed on a full time basis: • Pension Plan for Administrative Staff (contributions will continue up until the earlier of your retirement date, age plus service is 95, or the end of the year you attain age 69) • Dental Plan, ,Extended Health, Vision Care and Out of Country coverage Plan. Employees who have reached Normal Retirement Date will use the Ontario Drug Benefit(ODB) as first payer, if eligible. Any drugs not covered by ODB that are covered by the University Plan may be submitted for reimbursement. • a $15,000 Life Insurance Benefit while continuing to work on a full time basis past age 65. • Parental Leave • Compassionate Leave • Bereavement Leave • Educational Assistance • Vacation • Long Service Awards • Employee Assistance After achieving Normal Retirement Age the following benefits programs for active Continuing employees will cease: • Long Term Disability • Basic Life Insurance, Optional Life Insurance, Dependent Life Insurance • Voluntary Personal Accident Insurance • Employees may elect to convert the amount of life insurance in force as at Normal Retirement Date, up to a maximum of $200,000, to a private policy within 31 days. Premiums for this private policy are 100% paid by the employee. Voluntary Personal Accident Insurance in force may also be converted to a private policy.