Local Authorities Pension Plan. 15.1 All permanent employees shall participate in the Local Authorities Pension Plan, according to the requirements of the Plan, unless excluded by the conditions of that Plan. 15.2 Temporary employees are excluded from participation in the Local Authorities Pension Plan. 15.3 Employees who participate and who retire at any time in accordance with the Local Authorities Pension Plan Regulations (minimum age 55 with no less than five (5) years of pensionable service) shall receive a retirement allowance based upon the following formula: After 10 years service - 1 month’s salary After 15 years service - 2 months’ salary After 20 years service - 3 months’ salary
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
