Common use of Retirement Purpose Clause in Contracts

Retirement Purpose. The purpose of this Article is to describe the post-retirement benefits that are available to eligible employees after they retire from employment with the Employer. Notwithstanding anything to the contrary herein, the changes set forth herein shall apply with respect to accrued benefits earned under the Retirement System on or after January 19, 2021, and nothing herein is intended to diminish or impair accrued benefits earned under the Retirement System prior to January 19, 2021. To the extent consistent with this Article XVII, the post-retirement benefits shall be governed by the terms of the written retirement and retiree health care plan documents and the Employer reserves the right to change insurance carriers, plan vendors, investment options and/or the manner in which the Employer administers and provides the post-retirement benefits described in this Article XVII.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Retirement Purpose. The purpose of this Article is to describe the post-post- retirement benefits that are available to eligible employees after they retire from employment with the Employer. Notwithstanding anything to the contrary herein, the changes set forth herein shall apply with respect to accrued benefits earned under the Retirement System on or after January 191, 2021, and nothing herein is intended to diminish or impair accrued benefits earned under the Retirement System prior to January 191, 2021. To the extent consistent with this Article XVII20, the post-post- retirement benefits shall be governed by the terms of the written retirement and retiree health care plan documents and the Employer reserves the right to change insurance carriers, plan vendors, investment options and/or the manner in which the Employer administers and provides the post-post- retirement benefits described in this Article XVII20.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Retirement Purpose. The purpose of this Article is to describe the post-retirement benefits that are available to eligible employees after they retire from employment with the Employer. Notwithstanding anything to the contrary herein, the changes set forth herein shall apply with respect to accrued benefits earned under the Retirement System on or after January 191, 2021, and nothing herein is intended to diminish or impair accrued benefits earned under the Retirement System prior to January 191, 2021. To the extent consistent with this Article XVII20, the post-retirement benefits shall be governed by the terms of the written retirement and retiree health care plan documents and the Employer reserves the right to change insurance carriers, plan vendors, investment options and/or the manner in which the Employer administers and provides the post-retirement benefits described in this Article XVII20.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Retirement Purpose. The purpose of this Article is to describe the post-retirement benefits that are available to eligible employees after they retire from employment with the Employer. Notwithstanding anything to the contrary herein, the changes set forth herein shall apply with respect to accrued benefits earned under the Retirement System on or after January 19, 2021, and nothing herein is intended to diminish or impair accrued benefits earned under the Retirement System prior to January 19, 2021. To the extent consistent with this Article XVIIXX, the post-retirement benefits shall be governed by the terms of the written retirement and retiree health care plan documents and the Employer reserves the right to change insurance carriers, plan vendors, investment options and/or the manner in which the Employer administers and provides the post-retirement benefits described in this Article XVIIXX.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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