The E. I. Rebate shall be retained by the Employer and shall be used to cover the cost of the Employer in administration of the Group Insurance Scheme. (a) The Employer shall pay seventy-five percent (75%) of the cost of premiums of Blue Cross Plan TD129 or its equivalent for all participating employees. Employee enrollment in this plan shall be on a voluntary basis. The Employer shall deduct the employee's share of the cost of the premium of the plan when so authorized by the employee. (b) The Employer shall pay fifty percent (50%) of the cost of the existing Province of New Brunswick Dental Plan or its equivalent, as agreed between the parties, for all participating employees. Employee enrollment in this Plan shall be on a voluntary basis. The Employer shall deduct the employee's share of the cost of the premium of the plan when so authorized by the employee. (c) Coverage on retirement - Employees shall have the option to transfer their health care coverage on retirement to the Province of New Brunswick Health Plan applicable or equivalent coverage as administered by the Employer for retired employees.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
