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

Retiree Benefits – Process for Payment. (a) Any bargaining unit nurse who retires before the age of sixty-five (65) and wishes to participate in the Benefit Plan as outlined in Article 20 will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a pre-authorized withdrawal process up to the age of sixty-five (65).

Retiree Benefits – Process for Payment. (a) Any bargaining unit nurse who retires before and wishes to continue to participate in group health and welfare benefits programs up to the age of sixty-five 65 in accordance with Article 17.01 (65h) and wishes to participate in the Benefit Plan as outlined in Article 20 or W.1, will provide advance payment of the full monthly amount of their benefits either premiums through post-dated postdated cheques. Postdated cheques shall be provided on a yearly basis or through a pre-authorized withdrawal process up to and dated the age first day of sixty-five (65)each month.

Retiree Benefits – Process for Payment. (a) Any bargaining unit nurse who retires before the age of sixty-five (65) and wishes to participate in the Benefit Plan as outlined in Article 20 will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a pre-authorized withdrawal process up to the age of sixty-five (65).