Before Retirement. If the beneficiary is eligible for Survivor Income Plan Benefits, no additional benefits are payable. If ineligible for Survivor Income Benefits the beneficiary shall receive the accumulated employee contributions, if any, plus interest.
Before Retirement. To Whom Payable: If you have a spouse on your date of death, the death benefit is payable to your spouse. If you do not have a spouse on your date of death, the death benefit is payable to your designated beneficiary and if there is no designated beneficiary, to your estate. Subject to any statutory restrictions you may from time to time change the beneficiary.
Before Retirement. (a) On the death of an employee who has completed 15 years of service and has an eligible widow, there will be payable a spouse's benefit of 50% of the employee's accrued pension.
(b) On the death of any other employee member, there will be payable a benefit of the employee's accumulated contributions with interest.
Before Retirement. Employees hired on or before March who voluntarily resign with ten or more years of continuous service will he granted severance compensation equal to week’s pay for each completed year of continuous service (less any period in respect of which severance compensation, retiring leave or a cash gratuity has previously granted) up to a maximum of weeks’ pay. Employees hired on after April are not for this
Before Retirement. For retirement income earned before January l, l987, refund of member contributions with interest; for retirement income earned on or after January l, l987, the actuarial equivalent of the accrued pension.
Before Retirement. For retirement income earned before January refund of member contributions with interest; for retirement income earned on or. after January the actuarial equivalent of the accrued pension. After Retirement: Based on the form of pension elected by the member. Where the member has an eligible spouse and did not elect an optional form of payment, the following spouse benefit will be payable: Eligibility: Member was in continuous service after attainment of age or had terminated employment after years of continuous service while a Member of the Plan. Annual Benefit: of the pension, exclusive of the supplementary pension, being received by the member prior to his death, payable for the remaining lifetime of the spouse. Member's pension, exclusive of the supplementary pension, will be reduced by if this benefit is payable. If spouse predeceases the member, the pension will revert to its normal level. Where the benefit is prescribed by provincial regulations, the benefit will not be less than that prescribed. Post-Retirement Pension Adjustments: No automatic adjustments are provided for in the plan. Ad hoc adjustments have periodically been provided in the past with the most recent adjustment being provided as at April Excess Contributions: At retirement, death or termination, a Member of his Estate is entitled to receive a refund of his contributions which exceed of the actuarial equivalent of his retirement income earned on or after January Medical and Dental Benefits are available to Regular Full-Time Employees who qualify for eligibility the they are laid Off. The requirements are as follows: The Employee must work a minimum of regular hours in each calendar month to have expenses incurred in the month payable. This means, that in order to have expenses incurred in June, paid by either the Medical or Dental Plan, the Employee must have worked regular hours in June and so on for each month throughout the year. If an Employee does not work the required regular hours in a particular calendar month, then expenses incurred in that month will not be paid. Eligible dependents may claim expenses as well, providing that the employee has met the requirements outlined above. Eligible dependents are defined as spouse, and dependent children up to age if not a student, or up to age if a full-time student. It is to note that because we must wait until the end of the month to determine if the hours have been worked by each Employee, and advise the Benefits Carrier that expe...
Before Retirement. For retirement income earned beforeJanuary refund of mem- ber contributions with interest; for retirement income earned on or after January the actuarial equivalent of the accrued pension.
Before Retirement. If the Executive dies before commencement of his Supplemental Benefit payments, CERBCO shall pay to his Beneficiary a monthly Death Benefit beginning on the first day of the month next following the Executive's death and continuing for 180 consecutive monthly payments. Each monthly Death Benefit payment under this paragraph 2B is to be equal to 25% of the Executive's Final Monthly Salary.
Before Retirement. If the Executive dies before the commencement of his Supplemental Benefit payments hereunder, CERBCO shall pay to his Beneficiary a one-time, lump sum Death Benefit in the amount of Seven Hundred Thousand Dollars ($700,000.00) in lieu of all other benefits provided under this Agreement. The lump sum death benefit shall be paid to the Executive's beneficiary within 90 days after the date of the Executive's death. The Agreement, as amended by the foregoing change, is hereby ratified and confirmed in all respects.
Before Retirement. If the Executive dies before the commencement of his Supplemental Benefit payments hereunder, INSITUFORM shall pay to his Beneficiary a one-time, lump sum Death Benefit in the amount of Seven Hundred Thousand Dollars ($700,000.00) in lieu of all other benefits provided under this Agreement. This lump sum death benefit is to be paid from the proceeds of a life insurance policy on the Executive's life, which policy is to be acquired by or on behalf of INSITUFORM and subject to a split-dollar agreement to provide the death benefit under this paragraph. The lump sum death benefit shall be paid to the Executive's beneficiary within 90 days after the Date of the Executive's death.
