Death Before Retirement. If you should die while in the service of the Company and after you have attained age 55, or after your attained age and your number of years total at least 75, your eligible surviving spouse (see Section 16) will receive a pension for their remaining lifetime. Their pension will be equal to 50% of the amount of basic pension accrued to your date of death, but will be subject to a reduction if your spouse is more than 10 years younger than you. If you die before your pension commences and your spouse is not entitled to a pension as explained in the preceding paragraph, any contributions you have made with interest to your date of death plus the value of your vested pension earned after January 1, 1987, will be paid to the beneficiary you have named, or failing such, to your estate. You may change your beneficiary from time to time as permitted by law by completing a form that is available from you Human Resources Department.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
