END. 1 Continued insurance cover shall end: a) upon admission to a new employee benefits institution, provided more than two-thirds of the vested benefit is required to buy into the full benefits under the new institution’s benefit rules; b) when members reach the regular retirement age as set out in the Benefit Rules, or in the case of early withdrawals of retirement benefits; c) upon termination by the member at the end of a month in compliance with a 30-day notice period; d) upon the occurrence of the risk of disability; e) upon occurrence of the risk of death; f) upon termination by the Pension Fund in the event of outstanding contribution payments as of the date of the last payments (cf. Para. 2 In the event of termination by either the member or the Pension Fund, the member shall be entitled to the vested benefit or the retirement benefits. 3 Where continued insurance has lasted for more than two years, the insurance benefits shall be drawn in the form of a pension and the vested benefit may no longer be withdrawn early or pledged to finance home ownership. This is subject to the provisions under the Benefit Rules that stipulate the exclusive payment of benefits as a lump sum.
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Sources: Continued Insurance Agreement, Continued Insurance Agreement