Common use of INTEGRATION OF LTD WITH PENSION BENEFITS Clause in Contracts

INTEGRATION OF LTD WITH PENSION BENEFITS. Employees who are within ten (10) years of normal retirement and have been on LTD and are deemed to be unable to return to work, must allow for the integration of OMERS (90 Factor or Type III), CPP, Confederation Life and if necessary LTD. Such integration shall at least equal the amount the employee is receiving on LTD. The Employer will be responsible to see that such integration ensures that any deemed pension based on the maximum deemed earnings and maximum obtainable years of service is not less at age 65 by virtue of this integration. SCHEDULE “G”

INTEGRATION OF LTD WITH PENSION BENEFITS. Employees who are within ten (10) years of normal retirement and have been on LTD and are deemed to be unable to return to work, must allow for the integration of OMERS (90 Factor or Type III), CPP, Confederation Life and if necessary LTD. Such integration shall at least equal the amount the employee is receiving on LTD. The Employer will be responsible to see that such integration ensures that any deemed pension based on the maximum deemed earnings and maximum obtainable years of service is not less at age 65 by virtue of this integration. SCHEDULE “G”.