University Pension Plan. Eligible Local 6070 Bargaining Unit Members are provided this benefit on the same basis as provided under the University Plan in effect as of the date of this agreement.
University Pension Plan. This plan is integrated with the Canada Pension Plan and the cost is shared by the University and the employee. Notwithstanding the above specified insured benefits, the employer shall grant to all employees covered by the collective agreement any improvement in the level of insured benefits or improvements in the cost sharing arrangement of the insured benefit program as may be made available by the University of Waterloo Pension and Benefit Committee to other groups of employees, concurrently with the date of implementation of any such improvements.
University Pension Plan. This plan is integrated with the Canada Pension Plan and the cost is shared by the University and the employee. Notwithstanding the above specified insured benefits, the employer shall grant to all employees covered by the collective agreement any improvement in the level of insured benefits or improvements in the cost sharing arrangement of the insured benefit program as may be made available by the University of Waterloo Pension and Benefit Committee to other groups of employees, concurrently with the date of implementation of any such improvements. The normal retirement date within the pension plan for all employees is the first day of the month coinciding with or next following the date of attaining age Employees are able to continue employment as long as they are able to perform their jobs satisfactorily and the terms of the collective agreement will continue to apply. Legislation dictates that employees must begin to receive their pensions at the end of the calendar year in which they turn Benefits for employees who work past age are the same benefits that apply to academic support staff. The University agrees to maintain the present quality level of the foregoing benefits but may find it advisable necessary to implement changes to maximize employee benefits and/or in response to Provincial or Federal legislation, or in response to change in the cost of government sponsored benefits. The University will not necessarily absorb the increase in the cost of coverage. Nothing in the foregoing should suggest that the University takes any responsibility for maintaining the after tax value of benefits or income. All employees of the University of Waterloo are covered by the Workplace Safety and Act, Bereavement Pay A Leave of Absence without loss of normal pay, exclusive of premiums, shall be granted to an employee who experiences a death in immediate family. The immediate family for purposes of this Article is defined as: wife, husband, spouse partner, son, daugh- ter, brother, sister, father or mother, mother-in- law, father-in-law, son-in-law, daughter-in-law. Such leave of absence shall be comprised of the four (4) consecutive calendar days immediately following the date on which the death occurred. Employees may elect to set aside one (1) day for the memorial or burial to be held at a later date. A Leave of Absence without loss of normal pay, exclusive of premiums, shall be granted to an employee who experiences the death of any one of the following of ...
