Benefits on Death before Retirement. If an active Member dies after age 55, his/her eligible spouse shall receive an immediate pension from the Pension Plan equal to 50% of the Member’s Accrued Retirement Pension as determined at the date of the Member’s death. In no event shall the Member’s beneficiary or eligible spouse, as applicable, receive less than 100% of the value of the vested benefits earned in respect of service on or after 1986 plus a refund of contributions in respect of service before 1987.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Benefits on Death before Retirement. If an active Member dies after age 55, his/her eligible spouse shall receive an immediate pension from the Pension Plan equal to 50% of the Member’s 's Accrued Retirement Pension as determined at the date of the Member’s death. In no event shall the Member’s 's beneficiary or eligible spouse, as applicable, receive less than 100% of the value of the vested benefits earned in respect of service on or after 1986 plus a refund of contributions in respect of service before 1987.
Appears in 2 contracts
Samples: Guaranteed Wage Plan, Guaranteed Wage Plan
Benefits on Death before Retirement. If an active Member dies after age 55, his/her eligible spouse shall receive an immediate pension from the Pension Plan equal to 50% of the Member’s Accrued Retirement Pension as determined at the date of the Member’s death. In no event shall the Member’s beneficiary or eligible spouse, as applicable, receive less than 100% of the value of the vested benefits earned in respect of service on or after 1986 plus a refund of contributions in respect of service before 1987.before
Appears in 1 contract
Samples: Agreement
