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

Retiree Benefits – Process for Payment. APPLIES TO FULL TIME ONLY – A nurse who is retiring from her/his full time position in the bargaining unit on or after January 1, 2002 and has not yet reached age 65 and who is in receipt of the Hospital’s pension plan benefits and who wishes to continue to participate in the benefit plans (Extended Health, Dental and Semi-private coverages) as outlined in Article 17.01 (h) may do so by making application at least one (1) month in advance of his/her last day of work. It is understood and agreed that the following shall apply; 1. To be eligible for retiree benefits the retiring nurse must have been a participant in the Hospital benefit plans as outlined in Article 17.01 (h) for a period of three (3) months prior to making application for retiree benefits. 2. Dependent coverage shall be those dependants that were covered for the period as in (a) above and no dependants may be added following the nurse’s last day of work. 3. The benefit plan(s) applicable to the retiree shall be those in place at the Hospital at the time of application. 4. In the event that plan design should change the retiree benefits shall remain consistent with those plans in effect for full time members of the ONA bargaining unit. 5. A retiree’s participation/coverage is subject to the terms and conditions of the plan and changes thereof. 6. The nurse participating in retiree benefits shall provide advance payment for the full amount of the monthly premium of the benefits either through post dated cheques provided on a yearly basis or through a preauthorized withdrawal process. A cheque shall accompany the application for retiree benefits for the full amount of three (3) months of coverage dated for the nurse’s last day of work. The Hospital shall notify the nurse of any increase in the premiums and the nurse shall remit payment for any increase in a timely fashion and amend any post-dated cheques as necessary. 7. In the event that the retired nurse wishes to terminate coverage, the retired nurse shall provide three (3) months notice in writing to the Hospital. The retired nurse may not rejoin the plan once coverage has been terminated. Any and all coverage shall cease immediately upon the occurrence of any of the following; a) Any monthly payment is missed or a cheque is returned to the Hospital in which case the Hospital has no obligation to contact the nurse or question why payment has not been made. b) The failure to remit payment in respect of any increase in premiums within thirty (30) days of being notified by the Hospital of the increased rate. c) The death of the retired nurse. d) The retired nurse’s 65th birthday. e) The closure of the employer. Once coverage is terminated for any reason, the Hospital is under no further obligation to offer coverage to the retired nurse.

Retiree Benefits – Process for Payment. APPLIES TO FULL TIME ONLY – A nurse who is retiring from her/his full time position in the bargaining unit on or after January 1, 2002 and has not yet reached age 65 and who is in receipt of the Hospital’s pension plan benefits and who wishes to continue to participate in the benefit plans (Extended Health, Dental and Semi-private coverages) as outlined in Article 17.01 (h) and 17.01 (i) may do so by making application at least one (1) month in advance of his/her last day of work. It is understood and agreed that the following shall apply; 1. To be eligible for retiree benefits the retiring nurse must have been a participant in the Hospital benefit plans as outlined in Article 17.01 (h) for a period of three (3) months prior to making application for retiree benefits. 2. Dependent coverage shall be those dependants that were covered for the period as in (a) above and no dependants may be added following the nurse’s last day of work. 3. The benefit plan(s) applicable to the retiree shall be those in place at the Hospital at the time of application. 4. In the event that plan design should change the retiree benefits shall remain consistent with those plans in effect for full time members of the ONA bargaining unit. 5. A retiree’s participation/coverage is subject to the terms and conditions of the plan and changes thereof. 6. The nurse participating in retiree benefits shall provide advance payment for the full amount of the monthly premium of the benefits either through post dated cheques provided on a yearly basis or through a preauthorized withdrawal process. A cheque shall accompany the application for retiree benefits for the full amount of three (3) months of coverage dated for the nurse’s last day of work. The Hospital shall notify the nurse of any increase in the premiums and the nurse shall remit payment for any increase in a timely fashion and amend any post-dated cheques as necessary. 7. In the event that the retired nurse wishes to terminate coverage, the retired nurse shall provide three (3) months notice in writing to the Hospital. The retired nurse may not rejoin the plan once coverage has been terminated. Any and all coverage shall cease immediately upon the occurrence of any of the following; a) Any monthly payment is missed or a cheque is returned to the Hospital in which case the Hospital has no obligation to contact the nurse or question why payment has not been made. b) The failure to remit payment in respect of any increase in premiums within thirty (30) days of being notified by the Hospital of the increased rate. c) The death of the retired nurse. d) The retired nurse’s 65th birthday. e) The closure of the employer. Once coverage is terminated for any reason, the Hospital is under no further obligation to offer coverage to the retired nurse.

Retiree Benefits – Process for Payment. APPLIES TO FULL TIME ONLY – A nurse Nurse who is retiring from her/his their full time position in the bargaining unit on or after January 1, 2002 and has not yet reached age 65 and who is in receipt of the Hospital’s pension plan benefits and who wishes to continue to participate in the benefit plans (Extended Health, Dental and Semi-private coverages) as outlined in Article 17.01 (h) and 17.01 (i) may do so by making application at least one (1) month in advance of his/her their last day of work. It is understood and agreed that the following shall apply; 1. To be eligible for retiree benefits the retiring nurse Nurse must have been a participant in the Hospital benefit plans as outlined in Article 17.01 (h) for a period of three (3) months prior to making application for retiree benefits. 2. Dependent coverage shall be those dependants that were covered for the period as in (a) above and no dependants may be added following the nurseNurse’s last day of work. 3. The benefit plan(s) applicable to the retiree shall be those in place at the Hospital at the time of application. 4. In the event that plan design should change the retiree benefits shall remain consistent with those plans in effect for full time members of the ONA bargaining unit. 5. A retiree’s participation/coverage is subject to the terms and conditions of the plan and changes thereof. 6. The nurse Nurse participating in retiree benefits shall provide advance payment for the full amount of the monthly premium of the benefits either through post dated cheques provided on a yearly basis or through a preauthorized withdrawal process. A cheque shall accompany the application for retiree benefits for the full amount of three (3) months of coverage dated for the nurseNurse’s last day of work. The Hospital shall notify the nurse Nurse of any increase in the premiums and the nurse Nurse shall remit payment for any increase in a timely fashion and amend any post-dated cheques as necessary. 7. In the event that the retired nurse Nurse wishes to terminate coverage, the retired nurse Nurse shall provide three (3) months notice in writing to the Hospital. The retired nurse Nurse may not rejoin the plan once coverage has been terminated. Any and all coverage shall cease immediately upon the occurrence of any of the following; a) Any monthly payment is missed or a cheque is returned to the Hospital in which case the Hospital has no obligation to contact the nurse Nurse or question why payment has not been made. b) The failure to remit payment in respect of any increase in premiums within thirty (30) days of being notified by the Hospital of the increased rate. c) The death of the retired nurseNurse. d) The retired nurseNurse’s 65th birthday. e) The closure of the employerEmployer. Once coverage is terminated for any reason, the Hospital is under no further obligation to offer coverage to the retired nurseNurse.