Common use of Optional Retirement Coverage Clause in Contracts

Optional Retirement Coverage. Effective April 28, 2005, upon early retirement, the employee has the option of a fifty thousand dollar ($50,000) life insurance policy to age sixty-five (65) by paying both employee and Employer premiums. Application must be made at the time of retirement.

Appears in 3 contracts

Sources: Collective Agreement, Collective Agreement, Collective Agreement