Common use of Effective upon ratification Clause in Contracts

Effective upon ratification. of the Collective Bargaining Agreement commencing July 1, 2010 a member of the bargaining unit who retires may elect to not have retiree medical insurance and the Medicare Supplement Plan provided to the member by the Town of New Canaan. If the member elects this option, the Town of New Canaan will compensate the member four thousand dollars ($4,000.00) annually, in monthly payments of three hundred thirty three dollars and thirty four cents ($333.34). A member who elects to waive retiree medical coverage, including coverage under the Medicare Supplement Plan, may not subsequently receive coverage under the Town’s medical plans, including the Medicare Supplement Plan, once the retired member makes that election.

Effective upon ratification. of the Collective Bargaining Agreement commencing July 1, 2010 a member of the bargaining unit who retires may elect to not have retiree medical insurance and the Medicare Supplement Plan provided to the member by the Town of New Canaan. If the member elects this option, the Town of New Canaan will compensate the member four thousand dollars ($4,000.00) annually, in monthly payments of three hundred thirty three dollars and thirty four cents ($333.34). A member who elects to waive retiree medical coverage, including coverage under the Medicare Supplement Plan, may not subsequently receive coverage under the Town’s 's medical plans, including the Medicare Supplement Plan, once the retired member makes that election.