TERMINATION OF BENEFIT. All insurance terminates automatically upon termination of employment, or attaining age 60 or date of retirement on pension if earlier, provided that for any member who does not have thirty (30) years of service upon attaining the age of sixty (60) years, the member can retain LTD coverage to the earlier of thirty (30) years of service or age sixty-five (65) years on the condition that the member reimburses the Board for the premium cost.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
TERMINATION OF BENEFIT. All insurance terminates automatically upon termination of employment, or attaining age 60 or date of retirement on pension if earlier, provided that for any member who does has not have thirty (30) years of service upon attaining the reached his/her OMERS 85 factor at age of sixty (60) years), the member can retain Board shall provide LTD coverage at the Board’s cost to the earlier of thirty (30) years of service or age the date the member turns sixty-five (65) years on the condition that the member reimburses the Board for the premium cost), or reaches his/her OMERS 85 factor.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
TERMINATION OF BENEFIT. All insurance terminates automatically upon termination of employment, or attaining age 60 or date of retirement on pension if earlier, earlier provided that for any member who does has not have thirty (30) years of service upon attaining the reached his/her OMERS 85 factor at age of sixty (60) years), the member can retain Board shall provide LTD coverage at the Board’s cost to the earlier of thirty (30) years of service or age the date the member turns sixty-five (65) years on the condition that the member reimburses the Board for the premium cost), or reaches his/her OMERS 85 factor.
Appears in 1 contract
Samples: Senior Officers’
