AMOUNT OF PENSION. 7.01 Each Member who retires at their Normal Retirement Date shall receive a Pension, commencing on their Retirement Date and payable in equal monthly installments. Each monthly installment shall be equal to one-twelfth (1/12) of the sum of the following (as may be applicable):
AMOUNT OF PENSION. 6.01 Each member who retires from service with the Company on or after his Normal Retirement Date and the effective date and who has completed ten or more years of Continuous Service with the Company, shall receive a monthly pension commencing on the first day of the month coincident with or next following his retirement date equal to the amount indicated in the following table multiplied by the number of years of his Credited Service: Retirement Date Amount of Pension After May 1, 2000 $27.00 After May 1, 2001 $29.00 After May 1, 2003 $32.00 After May 1, 2004 $33.00 After May 1, 2005 $35.00 After May 1, 2006 $36.00 After May 1, 2007 $37.00 After May 1, 2008 $39.00 Supplemental Pension - Age 55 to 65 years of age - $3.00 increase to a total of $9.00 per year of service, Effective May 1, 2003 - $1.00 increase to a total of $10.00 per year of service, Effective May 1, 2006 Supplemental Pension is not subject to a reduction factor for early retirement and will be paid until the employee’s sixty fifth (65) birthday. Pension (and all service) will be suspended for one year commencing May 1, 2009 (or a time subsequent to this date that can be completed at the earliest point practical following notice.
AMOUNT OF PENSION. The pension payable to a Member on his Retirement Date shall be equal to the amount of pension in the normal form, or an optional form as elected by the Member which can be purchased from an Insurance Company with an amount equal to the contributions made on behalf of the Member by the Company, plus Credited Interest.
AMOUNT OF PENSION. Article F, Section F-2 of the Pension Plan shall be amended as follows:
AMOUNT OF PENSION. Subject to Section 4.2.5, the Pension payable to the Executive hereunder shall be a single life annuity commencing on the first day of the month following the month in which the Elected Payment Date (as defined below) occurs, which, when added to the Executive’s Other Retirement Benefits (as defined below), provides the Executive with an annuity for life equal to 45% of his Average Base and Bonus (as defined below). No actuarial or other adjustment shall be made to the Pension for commencement after the date that the Executive attains age 65.
AMOUNT OF PENSION. Since your pension is based on earnings and service these terms should first be clarified.
AMOUNT OF PENSION. To accumulated value of dollars in the time of MEMORANDUM OF FOR JOINT BARGAINING ET E E EMPLOYEES ONTARIO PUBLIC THE PARTICIPATING AMBULANCE (listed in and THE CROWN IN RIGHT OF ONTARIO Board of Cabinet) The Participating as set in Appendix A and established and their respective Negotiating Committees for tho provided herein. Central will be subject the following conditions: The appropriate for central in Appendix Apart from between the 'central there shall be bargaining 'its locals, and any Participating with any issue, and any agreement on any central issue bargaining shall be null and void. All those as issues" and be considered "local issues" and participating Service and be negotiated locally. with any for appointment a copy of the proposed collective agreement. The parties further that final offer selection not be used by the to all central issues. The arbitrator shall be required .hear a decision on outstanding central issues prior to Friday. of all outstanding local the agree matters still in dispute shall be resolved by interest arbitration. Tho will to agree a failing which shall appointed by the Chair of the Ontario Public Service Labour Relations Tribunal Minister Labour if Chair so, and render a decision with to service with local issues' to August no such hearings prior to tho issues, arbitrator" shall hold hearings to issues. Apart that above, and the general applicability Employees Collective Bargaining Act the parties that Act local that parties A of central issues which ratified will bo implemented in accordance with the of settlement and shall not be delayed until of local issues, agreed upon by the parties. It IS that me agreement centrally and the involvement of the in such bargaining is entirely prejudice and will not upon by any .of the for any purpose in the before the Ontario Labour Relations (see Nos. and any hearings, disputes. or other between will a precedent for The It is above without prejudice to position all ambulance services referenced Nos. A1 R and Crown. arc pursuant to of the Act and the as one in each of File Nos. arid this of MEMORANDUM OF BETWEEN ONTARIO UNION AMBULANCE A in THE CROWN OF ONTARIO of the parties to to agreements as MI and of 'CENTRAL ISSUES". The parties agree to these in their if or as the two of provision of the agreements award, the new on herein shall be incorporated in tho by an agreement along with the December if any. Hourly Wage Full-time officer: start year officer: and other paid above the ...
AMOUNT OF PENSION. The amount of the monthly pension payable to an employee retired pursuant to the provisions of this Article IV shall be: A basic pension determined by multiplying his years of credited service by the Basic Benefit Rate as set forth in the Pension Benefit Rates according to Article XV.
AMOUNT OF PENSION. 7. Normal Pension ...............................................................................................................
AMOUNT OF PENSION. The pension payable to a Member on his Retirement Date shall be equal to the amount of pension in the normal form, or an optional form as by the Member which can be purchased an Insurance Company with an amount equal to the contributions on behalf of the Member by the Company, plus Credited Interest. ARTICLE OPTIONAL FORMS OF PENSION JOINTANNUITY OPTION Instead of the Pension in the normal form as provided for in Section a Member may elect a joint annuity option providing for a monthly pension during his lifetime and for the continuance after his death of a percentage of such reduced pension to a designated joint annuitant. Such percentagewhich shall be by the Member at the time of the election of options, shall be either or Life Pension With Five, Ten or Fifteen-Year Guarantee Instead of the pension in the normal form as provided for in Section a Member elect a life pension with a five, ten or fifteen-year guarantee. Under this option, a pension is payable monthly to the Member during his lifetime and, in the event of before payments have been made for the guaranteed period elected, such payments shall be continued to his Beneficiary for the balance of guaranteed period or the Actuarial Equivalent of the balance of such guaranteed monthly payments shall be paid to his Beneficiary. In the event there is no Beneficiary on the date of death of the Pensioner, an Actuarial Equivalent lump sum shall be paid to the estate of the Pensioner.
