Protection of Medical Benefit Coverage. (a) Early retiring employees in receipt of a College pension may obtain basic medical and extended health benefit coverage through the Superannuation Commission when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Retired employees in receipt of pension are not allowed to choose to join these plans at a later date.
Protection of Medical Benefit Coverage a) Early retiring employees not immediately commencing receipt of a College pension may elect to continue their basic medical and extended health* benefit coverage through the Employer during the period preceding receipt of pension (but in any event, not longer than five (5) years following retirement) provided that:
Protection of Medical Benefit Coverage a) Early retiring faculty in receipt of a College Pension may obtain basic medical and extended health benefit coverage through the Pension Corporation when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Note: Pensioners who decline the extended health benefit coverage at retirement will not be eligible for coverage later unless they can prove continuous coverage under an extended health care plan (e.g. coverage under spouse's plan).
Protection of Medical Benefit Coverage a) Retiring employees in receipt of a pension may obtain Basic Medical, Dental and Extended Health benefit coverage through the Pension Corporation when filing a claim for pension. Retired employees in receipt of a pension are not allowed to choose to join these plans at a later date.
Protection of Medical Benefit Coverage. Retiring faculty members not immediately commencing receipt of a College pension may elect to continue their Basic Medical, Extended Health and Dental benefit coverage* through the College during the period preceding receipt of pension, but in any event, not longer than 5 years following retirement, provided that:
Protection of Medical Benefit Coverage a) Early retiring employees in receipt of a College Pension may obtain basic medical and extended health benefit coverage through the Superannuation Commission when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Retired employees in receipt of a pension are not allowed to choose to join these plans at a later date. Human Rights/Sexual and Personal Harassment Early retiring employees not immediately commencing receipt of a pension may elect to continue their basic medical, extended health* and dental** benefit coverage through the College during the period preceding receipt of pension, but in any event, not longer than five years following retirement, provided that: written notification of the intent to continuethese benefits is provided to the Employee Relations Department six weeks prior to date of earlyretirement;
Protection of Medical Benefit Coverage a) Early retiring employees in receipt of a College Pension may obtain basic medical, dental and extended health benefit coverage through the Superannuation Commission when filing a claim for pension. Retired employees in receipt of a pension are not allowed to choose to join these plans at a later date. Early retiring employees not immediately commencing receipt of a College pension may elect to continue their basic medical, extended health and dental benefit coverage* through the College during the period preceding receipt of pension, but in any event, not longer than five years following retirement, provided that: written notification of the intent to continue these benefits is provided to the Personnel Services six weeks prior to date of early retirement; the individual maintains residency; and the participant prepays all premium costs. * Coverage for retirees will be under a separate group at a reduced level, and may be subject to a higher premium. Financial Counselling Each instructor who is offered an early retirement incentive is entitled to receive personal financial counselling conducted by a firm of qualified financial consultants selected by the College. A lifetime total of three hours of consultation is available and the fees for such will be paid by the College. After obtaining the necessary Certificate of Entitlement from Personnel Services, each instructor will be free to schedule these consultations in whatever manner is most beneficial or convenient to that instructor. In addition, each instructor who is offered early retirement incentive is eligible to attend one of several planning workshops held annually.
