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). (b) Dental benefits will be extended to active full-time nurses from the age of sixty-five (65) and up to the nurse’s seventieth (70th) birthday on the same cost share basis as applies to those nurses under the age of sixty-five (65).