Common use of December 2004 Clause in Contracts

December 2004. The post-contingency accrual rate applied to a disability pension is 1.5 per cent a year when calculating the amount of the basic pension. In calculating the target supplementary pension, statutory pensions based on employment in a job or post are taken into account as well as the basic amount of the national flat-rate pension frozen to the level prevailing at the end of 1995. The target supplementary pension is received in the full amount if the em- ployee’s time in service is at least 360 months. If there are less than 360 months of service, the amount of the supplementary pension is the number of service months times one 360th of the target supplementary pension.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Employment Agreement

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December 2004. The post-post- contingency accrual rate applied to a disability pension is 1.5 per cent a year when calculating the amount of the basic pension. In calculating the target supplementary pension, statutory pensions based on employment in a job or post are taken into account ac- count as well as the basic amount of the national flat-rate pension frozen to the level prevailing at the end of 1995. The target supplementary pension is received in the full amount if the em- ployeeemployee’s time in service is at least 360 months. If there are less than 360 months of service, the amount of the supplementary pension is the number of service months times one 360th of the target supplementary pension.

Appears in 3 contracts

Samples: Employment Agreement, Collective Agreement, Employment Agreement

December 2004. The post-contingency accrual rate applied to a disability pension is 1.5 per cent a year when calculating the amount of the basic pension. In calculating the target supplementary pension, statutory pensions based on employment in a job or post are taken into account as well as the basic amount of the national flat-rate pension frozen to the level prevailing at the end of 1995. The target supplementary pension is received in the full amount if the em- ployeeemployee’s time in service is at least 360 months. If there are less than 360 months of service, the amount of the supplementary pension is the number of service months times one 360th of the target supplementary pension.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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December 2004. The post-contingency accrual rate applied to a disability pension is 1.5 per cent a year when calculating the amount of the basic pension. In calculating the target supplementary pension, statutory pensions based on employment in a job or post are taken into account as well as the basic amount of the national flat-rate pension frozen to the level prevailing at the end of 1995. The target supplementary pension is received in the full amount amount, if the em- ployeeemployee’s time in service is at least 360 months. If there are less than 360 months of service, the amount of the supplementary pension is the number of months of service months times one 360th of the target supplementary pension.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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