Common use of Retiree Benefits – Process for Advance Payment Clause in Contracts

Retiree Benefits – Process for Advance Payment. In accordance with Article 17.01 (h), a nurse, who retires early and until age sixty-five (65), who wishes to access semi-private, extended health and dental benefits must provide full premium payment at least three (3) months in advance of each month that the nurse wishes to receive access to these benefits. Failure to remit full payment as required three (3) months in advance may result in the discontinuance of access to these benefits.