Retiree Life Coverage. The Company will provide to eligible retirees who retire on or after August 1, 1990 a Post Retirement Death Benefit. A retired employee will be eligible for the Post Retirement Death Benefit only in the event that the retired employee has retired from the employ of the Company on a Normal Retirement Date, or an applicable Early or Disability Retirement Date. The Post Retirement Death Benefit will be the amount of $2,000 payable upon the death of an eligible employee who retired from the employ of the Company.
Retiree Life Coverage. Upon attainment of age and upon approved retirement, a self insured Life Insurance Policy of two thousand dollars ($2,000) will be issued to the employee, provided that prior to retirement, the member has five or more years of continuous full-time service with the City. x annual salary, maximum benefit MAJOR MEDICAL HEALTH COVERAGE similar to that for active Salaried Non-Union employees including semi-private hospital coverage and excluding u untry coverage. Reimbursement is at the rate of per cent. The maximum out-of-pocket cost for single coverage is per year and per year for family. Thereafter, reimbursement is at per cent for the remainder of the year. BASIC DENTAL COVERAGE similar to that for active Salaried Union employees. Reimbursement is at the rate of per cent. The maximum out-of-pockets costs for single coverage is per year and per year for family. Thereafter, reimbursement is per cent for the remainder of the year. PAID UP LIFE INSURANCE Upon attainment of age and upon approved retirement, a self insured Life Insurance Policy of two thousand dollars ($2,000) will be issued to the employee, provided that prior to retirement, the member has five or more years of continuous full-time service with the City. SURVIVOR BENEFITS CONTINUANCE Cost sharing maintained until employee’s birthday. Those who immediately accept an pension Those who join the plan within days after retirement date Those less than age NOTE: ANNUAL MEETINGS The employee agrees to holding yearly meetings with representatives of the union and the City’s Manager of Compensation and Benefits, Manager of Human Resources and the Manager of Labour Relations, Health and Safety to address any issues with the benefit carrier’s adjudication of claims. The parties agree that should the City provide to other employee groups, other than Fire, health and life benefits improvements during the term of the collective agreement ending March the Board shall meet with the Union Executive for the purpose of providing the Union with the details of the revisions and allow the union the opportunity of having such revisions granted in their entirety to their union members. LETTER OF UNDERSTANDING This Letter is to confirm the understanding reached between the parties during negotiations, concerning the use of Government Grant Temporary employees. The parties agreed that during the term of the Collective Agreement which is effective April to March Government Grant Temporary employees will be covered by all p...
