Level of Benefits for Service before July 1, 2003 Sample Clauses

Level of Benefits for Service before July 1, 2003. A Pilot who retires or terminates above age 50 with the right to an immediate pension, on or after January 1, 2001, shall be entitled, in respect of his pensionable service before July 1, 2003 excluding service bought back, to a total pension from the Plan, calculated in accordance with the rules of the Registered Plan except for the following:
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Level of Benefits for Service before July 1, 2003. A Pilot who retires or terminates above age 50 with the right to an immediate pension, on or after January 1, 2001, shall be entitled, in respect of his pensionable service before July 1, 2003 excluding service bought back, to a total pension from the Plan, calculated in accordance with the rules of the Registered Plan except for the following: The annual amount of maximum lifetime pension defined in the rules of the Registered Plan shall be equal to Maximum Pension Units (“MPUs”) multiplied by the Pilot’s years of pensionable service. The Maximum Pension Unit shall vary with the year of retirement and will be subject to meeting the Benchmarks defined in A17.01.03 as follows: Benchmark Year of retirement Maximum Pension Unit for years of pensionable service before January 1, 1990 Maximum Pension Unit for years of pensionable service from January 1, 1990 to December 31, 2000 Maximum Pension Unit for years of pensionable service from January 1, 2001 to July 1, 2003 2001 $2,444 $2,491 $3,505 2002 $2,542 $2,640 $3,645 2003 $2,644 $2,799 $3,791 2004 $2,750 $2,967 $3,942 2005 $2,860 $3,145 $4,100 2006 until 2016 $2,974 $3,334 $4,264 2017 Benchmark 2017 $3,048 $3,434 $4,349 2018 $3,124 $3,537 $4,436 2019 $3,202 $3,643 $4,525 2020 Benchmark 2020 $3,282 $3,752 $4,616 2021 $3,364 $3,865 $4,708 2022 $3,448 $3,981 $4,802 2023 Benchmark 2023 $3,534 $4,100 $4,898 2024 $3,622 $4,223 $4,996 The MPU increases set out in the table above as the 2017, 2020 and 2023 Benchmarks will only take effect on the same basis as those set out in A
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Related to Level of Benefits for Service before July 1, 2003

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Integration of Benefits If you are disabled, the monthly payments under this plan will be reduced by the amount of any Periodic Payments you are entitled to apply for and receive with respect to the disability under any Workplace Safety & Insurance Act, the Canada Pension Plan or the Quebec Pension Plan. The amounts deducted will not include any additional benefits payable for children or subsequent cost of living increases.

  • Denial of Benefits Subject to prior notification and consultation, a Party may deny the benefits of this Chapter to: (a) investors of the other Party where the investment is being made by a enterprise that is owned or controlled by persons of a third State and the enterprise has no substantive business activities in the territory of the other Party; or (b) investors of the other Party where the investment is being made by a enterprise that is owned or controlled by persons of the denying Party.

  • Eligibility for Sick Leave with Pay Employees shall be eligible for sick leave with pay immediately upon accrual.

  • Application for Benefits Requests for short-term leaves shall be in writing, upon the appropriate form prescribed and provided by the District, and shall be filed with the unit member's supervisor and the appropriate manager five (5) days in advance of the intended leave (except in emergency situations), unless otherwise stated by the provisions of the specific leave.

  • Accrual of Benefits An employee may accrue benefits for thirty (30) days during a leave of absence.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • COMPUTATION OF BENEFITS All hours paid to an employee shall be considered as hours worked for the purpose of computing any of the benefits under this Agreement.

  • Application for Service (a) You must comply with any application form or process we specify.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

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