Benefit Coverage for Retirees Clause Samples
The "Benefit Coverage for Retirees" clause defines the terms under which retired employees are eligible to receive benefits from their former employer. Typically, this clause outlines which benefits—such as health insurance, life insurance, or pension plans—continue after retirement, and may specify eligibility criteria like years of service or age at retirement. Its core function is to provide clarity and assurance to retirees regarding their post-employment benefits, helping both the employer and former employees understand their ongoing obligations and entitlements.
Benefit Coverage for Retirees. Effective July 1, 1999, employees of Wescast Casting Wingham and Wescast Casting North Huron as described in the “Plan Document of Unfunded Retiring Allowances for the Wescast Wingham Foundry” and their eligible dependants, and pre-1999 retirees will be entitled to Life Insurances, Health Care benefits, Dental benefits and Vision Care benefits from their date of retirement up to the earlier of the month following the month that the retiree turns age 65 or until the death of the retiree. Employees and their eligible dependants, will be entitled to Life Insurances, Health Care benefits, Dental benefits and Vision Care benefits from the date of their retirement up to the earlier of the month that the retiree turns 65 or until the death of the retiree under the following conditions:
Benefit Coverage for Retirees. Effective July 1, 1999, employees of Wescast Casting Wingham and Wescast Casting North Huron as described in the “Plan Document of Unfunded Retiring Allowances for the Wescast Wingham Foundry” and their eligible dependants, and pre-1999 retirees will be entitled to Life Insurances, Health Care benefits, Dental benefits and Vision Care benefits from their date of retirement up to the earlier of the month following the month that the retiree turns age 65 or until the death of the retiree.