Bridge Benefit. The Company shall provide employees with a pension bridge annuity of twenty ($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. 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).
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty ($20.00) 20 per month per year of service at age sixty (60) to employees aged 60 or older who retire prior to attaining age sixty-five (65). The pension bridge benefit bridging benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & and Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
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 sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. 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).
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Bridge Benefit. The (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 sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. 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).
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
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. 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).
Appears in 1 contract
Samples: Labour Agreement
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 (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. An employee who chooses to retire 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).
Appears in 1 contract
Samples: Labour Agreement
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 (60) or older who retire prior to attaining age sixty-five sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. An employee who chooses to retire retiree at age fifty-five fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty ($20.00) 20 per month per year of service at age sixty (60) to employees aged 61 or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will bridging benefit shall not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & and Paper Industry Pension Plan. 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).
Appears in 1 contract
Samples: Labour Agreement
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 sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. 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).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. The Company shall provide employees with employeeswith 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 sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. An employee who chooses to retire retiree at age fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. The Company shall provide employees with a pension bridge annuity of twenty ($20.00820.00) per month per year of service at age sixty (60) or older who retire prior to attaining age sixty-five sixty-five (65). The pension bridge benefit benefit will not be payable beyond age sixty-five sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Division Labour Agreement