Escalation of Benefits. For retirements or other terminations of employment occurring after 1999, there is no commitment to escalate pension benefits. The Board of Directors of Molson Canada may, in its sole and absolute discretion, provide ad hoc increases to pensions in payment.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Escalation of Benefits. For retirements or other terminations of employment occurring after 1999, there is no longer any commitment to escalate pension benefits. The Board of Directors of Molson Canada may, in its sole and absolute discretion, provide ad hoc increases to pensions in payment.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
