Post-Retirement Medical Benefits. The Parties agree to create a Post-Retirement Medical Benefits Fund for retired CUPE Local 3799 Members to help offset the cost of post-retirement medical benefits. The University will allocate ten thousand dollars ($10,000) each calendar year, effective January 1, 2020 to a benefits administrator identified by CUPE Local 3799 who will allocate and distribute the fund equitably amongst eligible retirees. The Union will request these funds in writing within the calendar year. This benefit shall be available to members who retire after the ratification of this agreement. The benefits administrator will make available, annually, a statement acceptable to the University's auditors indicating how these funds are distributed. The Union will issue t,he appropriate T4A annually.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Post-Retirement Medical Benefits. The Parties agree to create a Post-Retirement Medical Benefits Fund for retired CUPE Local 3799 Members to help offset the cost of post-retirement medical benefits. The University will allocate ten thousand dollars ($10,000) each calendar year, effective January 1, 2020 to a benefits administrator identified by CUPE Local 3799 who will allocate and distribute the fund equitably amongst eligible retirees. The Union will request these funds in writing within the calendar year. This benefit shall be available to members who retire after the ratification of this agreement. The benefits administrator will make available, annually, a statement acceptable to the University's ’s auditors indicating how these funds are distributed. The Union will issue t,he the appropriate T4A annually.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
