Common use of Retirees Benefits Clause in Contracts

Retirees Benefits. 24.01 Any bargaining unit nurse who retires before the age of sixty-five (65) and wishes to participate in the Benefit Plans as outlined in Article 18.01 (b) (Extended Health Care Plan) and 18.02 (Dental) must have been enrolled in the Plan for a minimum of five (5) years. The retired nurse(s) will provide advance payment of the benefits through a pre- authorized withdrawal process up to the age of sixty-five (65). In order to maintain participation in the Plan, the nurse must: (a) first notify the Employer at least four (4) weeks in advance, (b) make a two (2) month advance payment by certified cheque; (c) arrange for pre-authorized monthly withdrawals. Pre-authorized monthly withdrawals will be taken one month in advance of the due date of the premium. The enrolment in the Plan shall terminate when: (a) the nurse gives at least four (4) weeks written notice of their desire not to continue in the Plan; or (b) there are two consecutive non-sufficient fund payments and no alternate payment has been arranged.

Retirees Benefits. 24.01 Any bargaining unit nurse who retires before the age of sixty-five (65) and wishes to participate in the Benefit Plans as outlined in Article 18.01 (b) (Extended Health Care Plan) and 18.02 (Dental) must have been enrolled in the Plan for a minimum of five (5) years. The retired nurse(s) will provide advance payment of the benefits through a pre- pre-authorized withdrawal process up to the age of sixty-five (65). In order to maintain participation in the Plan, the nurse must: (a) first notify the Employer at least four (4) weeks in advance, (b) make a two (2) month advance payment by certified cheque; (c) arrange for pre-authorized monthly withdrawals. Pre-authorized monthly withdrawals will be taken one month in advance of the due date of the premium. The enrolment in the Plan shall terminate when: (a) the nurse gives at least four (4) weeks written notice of their desire not to continue in the Plan; or (b) there are two consecutive non-sufficient fund payments and no alternate payment has been arranged.