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employeehandbook-cn

employeehandbook-cn

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Published by amit.0907

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Published by: amit.0907 on Dec 05, 2011
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12/05/2011

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Life Insurance and Accidental Death & Dismemberment:

Class of Members

Benefit Formula

Maximum Benefit

Hourly Employees

1X earnings

$850,000

Benefit Reduction: Reduces by 50% on 65th

birthday.

Termination of Insurance:
Life: -none
Accidental Death and Dismemberment: 70th

birthday or retirement, if

earlier

Optional Life Insurance and Accidental Death and
Dismemberment Insurance

Class of Members

Benefit Formula

Maximum Benefit

Version: December 2006

Ryder Truck Rental Canada Ltd.

Page 120

Hourly Employees

Units of $10,000

$250,000

Termination of Insurance: 65th

birthday or retirement, if earlier.

Optional Dependant Life Insurance

Spouse: units of $10,000 to maximum $250,000

Each child: $10,000

Termination of Insurance: the earlier of the member’s 65th

birthday, retirement, or

the spouse’s 65th

birthday.

Optional Dependant Accidental Death & Dismemberment
Insurance

Spouse: units of $10,000 to maximum $250,000

Each child: $10,000

Termination of Insurance: the earlier of the member’s 65th

birthday, retirement,

or the spouse’s 65th

birthday.

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