Retirees Group Life Insurance Plan. A Member who retires and who receives an immediate pension through the Board's recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the Member's coverage shall be cancelled.
Appears in 9 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirees Group Life Insurance Plan. A Member who retires before the compulsory retiring age and who receives an immediate pension through the Board's recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the Member's coverage shall be cancelled.
Appears in 5 contracts
Samples: Letter of Agreement, Letter of Agreement, Collective Agreement
Retirees Group Life Insurance Plan. A Member Employee who retires and who receives an immediate pension through the Board's recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member Employee who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the MemberEmployee's coverage shall be cancelled.
Appears in 1 contract
Samples: Agreement Made and Entered
Retirees Group Life Insurance Plan. A Member who retires before the compulsory retir ing age and who receives an immediate pension through the Board's recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the Member's coverage shall be cancelled.
Appears in 1 contract
Samples: Letter of Agreement
Retirees Group Life Insurance Plan. A Member An employee who retires before the compulsory retiring age and who receives an immediate pension through the Board's recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the Member's coverage shall be cancelled.
Appears in 1 contract
Samples: sp.ltc.gov.on.ca
Retirees Group Life Insurance Plan. A Member who retires and who receives an immediate pension through the Board's ’s recognized Pension Plans shall have the option of retaining a $50,000 life insurance policy until the age of 65. The policy shall not include disability coverage. The Member who so elects such a policy shall pay the full amount of the premium, based on the same premium rate as for the basic plan, annually in advance; otherwise the Member's coverage shall be cancelled.of
Appears in 1 contract
Samples: Collective Agreement
