Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity of twenty dollars ($20.00) per month per year of service at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan.
(b) An employee who chooses to retiree at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Bridge Benefit. There will be available a Term Annuity Benefit which will be funded by the Company in a manner of its own selection. This benefit will be available to those employees who request it and who choose to retire early from active employment commencing at age 60 and up to, but not including, age 65. The Company shall provide a pension bridge annuity of twenty dollars ($20) per month, per year of service to employees aged sixty (60) or older who retire prior to attaining age sixty five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Pension Plan. Payments under this provision will cease at the end of the month immediately preceding the month in which the employee who selects to retire early under this provision attains age 65 or dies, whichever occurs first. Should an employee return to work after commencement of this provision, the payment will be handled on the same basis as the pension benefit is handled under the terms of Section 18 of the Plan Text. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Bridge Benefit. (As described in Section 6 of the Plan Text)
00.00.00.00.00 A Pilot who retires after having completed 25 years of qualifying service or whose age plus qualifying service upon retirement adds up to 80 years or more, will qualify for a bridge benefit. 00.00.00.00.00 The amount of monthly bridge benefit shall be equal to: the maximum monthly pension payable under the Canada Pension Plan to a person retiring at age 65 in the year of retirement of the Pilot multiplied by the ratio of allowable service over 35
Bridge Benefit. Subject to Income Tax Act (Canada) limitations, an employee who elects to retire on or after his sixtieth (60) birthday but prior to his sixty-fifth (65) birthday who has at least 30 years of service with Visteon and/or the Company at the time of retirement shall be entitled to a monthly bridge benefit equal to the product of:
Bridge Benefit. Such bridge benefit is already provided for by Section 7 of Article VI of the Registered Plan text.
Bridge Benefit. Effective Date of Ratification, $26.00 per month per year of service payable from the early retirement date to age sixty-five (65) or death, if earlier. Bridge Benefit payable when employee selects early retirement after becoming eligible (sixty (60) years of age and ten (10) or more years of service). Benefit payable monthly from the early retirement date to age sixty-five (65) or death, if earlier.
Bridge Benefit. If the Employee retires on or after the Retirement Date but before reaching age 65, the Corporation will pay a monthly Bridge Benefit to the Employee during the period after retirement up until the date the Employee reaches age 65. This monthly Bridge Benefit shall be an amount equal to one twelfth of the product of 0.5% multiplied by the Average Earnings up to the YMPE in the year of retirement, multiplied by Continuous Service.
Bridge Benefit. The Company shall provide employees with a pension bridge annuity of twenty dollars ($20.00) per month per year of service at age sixty
Bridge Benefit. (a) Bridging is paid directly by the Company to employees aged 61 or older who opt to retire early. Present bridg- ing is $20/month/ year of service. The bridging will not be payable beyond age 65.
(b) An employee who chooses to retire at age 60 shall have access to the bridging benefit paid by the Company when they reach age 61. From the date the fund in Article VII Wages is established, the bridge benefit from age 60 until they reach age 61 will be paid for by the fund.
Bridge Benefit. Beginning January 1, 1997, employees who are at least 60 years of age or employees who have 35 years of seniority and are at least 55 years of age will be eligible for a bridge benefit until their regular retirement date. This benefit shall be established as follows:
