Government Pension Plans. Statutory benefits from government plans such as the Canada Pension Plan (C.P.P.) and the pension under the Old Age Security Act (O.A.S.) are in addition to the benefits payable under the Labatt Retirement Plan. Under current legislation your C.P.P. pension is payable when you reach age 65, or as early as age 60 on a reduced basis. The amount of your C.P.P. pension is dependent upon the amount of your earnings on which you have made C.P.P. contributions and the period during which you contributed. To illustrate, an employee who retires at age 65 in 2007 and who is entitled to maximum benefits under the Canada Pension Plan receives a pension of $863.75 per month (as of January 1, 2007) when he retires. After C.P.P. pension commences it is subject to adjustment depending upon increases in the Consumer Price Index. Your O.A.S. pension is also payable from age 65 but if you take up residence outside Canada your O.A.S. pension may be discontinued unless you have been a Canadian resident for a prescribed number of years. If you plan to move out of Canada you should check into these requirements. The amount of O.A.S. pension is subject to quarterly adjustment upward if the Consumer Price Index increases. In January, 2007 the O.A.S. pension was $491.93 per month. Your spouse will also receive O.A.S. pension benefits payable from age 65 subject to the same residency requirement specified above. You must apply to your local Canada Pension Plan Office to receive benefits from the Canada Pension Plan and Old Age Security. Applications should be filed 6 months in advance of your retirement date to ensure prompt commencement of your benefits. As well as retirement pension, the Canada Pension Plan provides certain disability, death and survivor benefits and further information can be obtained from your local Canada Pension Plan office.
Government Pension Plans. Statutory benefits from government plans such as the Canada Pension Plan (CPP) and the pension under the Old Age Security Act (OAS) are in addition to the benefits payable under the Labatt Retirement Plan. Under current legislation your CPP pension is payable when you reach age 65, or as early as age 60 on a reduced basis. The amount of your CPP pension is dependent upon the amount of your earnings on which you have made CPP contributions and the period during which you contributed. To illustrate, an employee who retires at age 65 in 2015 and who is entitled to maximum benefits under the Canada Pension Plan receives a pension of $1065.00 per month when he retires. After CPP pension commences it is subject to adjustment each following January 1st depending upon increases in the Consumer Price Index. Your OAS pension is also payable from age 65 but if you take up residence outside Canada your OAS pension may be discontinued unless you have been a Canadian resident for a prescribed number of years. If you plan to move out of Canada you should check into these requirements. The amount of OAS pension is subject to quarterly adjustment upward if the Consumer Price Index increases. In July, 2015 the OAS pension was $564.87 per month. Your spouse will also receive OAS pension benefits payable from age 65 subject to the same residency requirements specified above. Application must be made to receive benefits from the Canada Pension Plan and Old Age Security and the applications should be filed six (6) months in advance of your date of eligibility for such pensions to ensure prompt commencement of your benefits. As well as retirement pensions, the Canada Pension Plan provides certain disability, death and survivor benefits and further information can be obtained from your local Canada Pension Plan Office.
Government Pension Plans. If You Leave The Company Minimum Pension At Normal Retirement Normal Retirement Date Other Early Retirement Other Information Pension Examples Previous Plans (before January 1958) Service And Credited Service Special Early Retirement APPENDIX “E” TEMPORARY EMPLOYEES Letters of Understanding SECTION Recognition of Mutual Goals All employees of the London Brewery share in the Goal of being the absolute leader in our industry. Our mission is to deliver the highest quality product in a safe, efficient and innovative manner, while at the same time being responsive to customer and employees’ needs. The achievement of the London Brewery Goal requires the combined efforts of the Company, Union and Employees. Therefore, and subject to all other clauses of this agreement, all employees’ (both bargaining unit and managerial) will: Meaningfully participate in the decisions which affect them; Work within their dept. or work area and assume all tasks for which qualified; Willing to do any task which they are capable of performing safely and responsibly; Work in good faith toward the satisfaction of internal and external customer needs; Develop and maintain a high level of technical skill; Promote efficiency, economy, quality and continuous improvement; Support initiative, new ideas, trust, mutual respect, equitable treatment and cooperation; Communicate information promptly, accurately and completely; Assist in training other employees; Take pride in their work and promote and adhere to the highest standards. Provide support for those employees who have difficulty adapting to change or learning new processes;
