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

Retiree Benefits – Process for Payment. Any Bargaining Unit employee(s) who retires and wishes to participate in the Benefit Plan as outlined in Article 17.01 (h) of the Central Hospital Collective Agreement will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a pre-authorized withdrawal process. It is understood that any transaction would be dated the first of each and every month.

Retiree Benefits – Process for Payment. Any Bargaining Unit employee(s) bargaining unit employee who retires and wishes to participate in the Benefit Plan Plans as outlined in Article 17.01 (h) of the Central Hospital Collective Agreement will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a pre-authorized withdrawal process. It is understood that any transaction would be dated the first of each and every month. The Hospital will notify the Association of the benefit costs to retired employees in January of each year and each time the benefit costs are re-negotiated by the Hospital.

Retiree Benefits – Process for Payment. Any Bargaining Unit employee(s) bargaining unit employee who retires and wishes to participate in the Benefit Plan as outlined in Article 17.01 (h) of the Central Hospital Collective Agreement will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a pre-authorized withdrawal process. It is understood that any transaction would be dated the first of each and every month.