Art.28.5.2&3 Retirement

28.5.2 Members retiring prior to January 1, 2017 must have completed at least five (5) years of consecutive, full-time service at the University immediately prior to retirement in order to be eligible to continue as members of the Extended Health Care Plan and the Dental Care Plan as per 28.5.1 above.

Members retiring on or after January 1, 2017 must have completed at least ten (10) years of consecutive, full-time service at the University immediately prior to retirement in order to be eligible to continue as members of the Extended Health Care Plan and the Dental Care Plan as per 28.5.1 above.

Effective January 1, 2016, members who withdraw the commuted value of their pension will not be eligible for Post-Retirement Benefits.

28.5.3 For Members retiring on or after January 1, 2017, Members will pay fifteen percent (15%) of the premiums for retirees eligible under 28.5.2

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