Common use of AMOUNT OF PENSION Clause in Contracts

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. 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 $39.00 - $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. 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 $39.00 - $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.