Common use of Minimum Pension Clause in Contracts

Minimum Pension. Subject to approval by Pension Commission of Ontario and Revenue Canada the Cascade Canada Ltd. Pension Plan for Ontario Hourly Employees will be amended so as to provide: Effective May the minimum pension provided under the Plan shall be effective until the later of April or the date the applicable Labour Agreement covering the period May through April is terminated under the provision thereof; of the employee’s average base earnings during the five years prior to May for which his/her earnings were highest times years of credited service prior to retirement, of the benefits in effect in the calendar year of retirement times years of credited service between January and date of retirement. Earnings for purposes of this calculation shall be the employees classified rate of pay as of May 1 times his/her number of hours normally scheduled during the following months. The number of hours shall be for employees who work hours per week, for employees who work an average of hours per week and for employees who work hours per week. In the event that an employee’s earnings in any of the five 1 periods immediately preceding retirement do not reflect a normal annual schedule of hours for that period for reasons other than a leave of absence, the employee’s earnings for that period will be adjusted to reflect his/her normal annual schedule of hours, provided the employee has been actively at work for at least three months during that 1 period.

Minimum Pension. Subject to approval by Pension Commission of Ontario and Revenue Canada the Cascade Canada Ltd. Consolidated Inc. Pension Plan for Ontario Hourly Employees will be amended so as to provide: Effective May the minimum pension provided under the Plan shall be effective until the later of April or the date the applicable Labour Agreement covering the period May through April is terminated under the provision thereof; : of the employee’s average base earnings during the five years prior to May for which his/her his earnings were highest times years of credited service prior to retirement, less 1/35 of the benefits in effect in the calendar year of retirement times years of credited service between January and date of retirement. Earnings for purposes of this calculation shall be the employees employee’s classified rate of pay as of May 1 times his/her his number of hours normally scheduled during the following months. The number of hours shall be for employees who work hours per week, for employees who work an average of hours per week and for employees who work hours per week. In the event that an employee’s earnings in any of the five 1 12-month periods immediately preceding retirement do not reflect a normal annual schedule of hours for that period for reasons other than a leave of absence, the employee’s earnings for that period will be adjusted to reflect his/her his normal annual schedule of hours, provided the employee has been actively at work for at least three months during that 1 month period.

Minimum Pension. Subject to approval by Pension Commission of Ontario and Revenue Canada the Boise Cascade Canada Ltd. Pension Plan for Ontario Hourly Employees will be amended so as to provide: Effective May the minimum pension provided under the Plan shall be effective until the later of April or the date the applicable Labour Agreement covering the period May through April is terminated under the provision thereof; : of the employee’s employee‘s average base earnings during the five years prior to May for which his/her his earnings were highest times years of credited service prior to retirement, 1/35 of the benefits in effect in the calendar year of retirement times years of credited service between January and date of retirement. Earnings for purposes of this calculation shall be the employees employee's classified rate of pay as of May 1 times his/her his number of hours normally scheduled during the following months. The number of hours shall be for employees who work hours per week, for employees who work an average of hours per week and for employees who work hours per week. In the event that an employee’s 's earnings in any of the five 1 12-month periods immediately preceding retirement do not reflect a normal annual schedule of hours for that period for reasons other than a leave of absence, the employee’s 's earnings for that period will be adjusted to reflect his/her his normal annual schedule of hours, provided the employee has been actively at work for at least three months during that 1 12-month period.

Minimum Pension. Subject to approval by Pension Commission of Ontario and Revenue Canada the Boise Cascade Canada Ltd. Pension Plan for Ontario Hourly Employees will be amended so as to provide: Effective May the minimum pension provided under the Plan shall be effective until the later of April or the date the applicable Labour Agreement covering the period May through April is terminated under the provision thereof; : of the employee’s average base earnings during the five years prior to May for which his/her earnings were highest times years of credited service prior to retirement, 1/35 of the benefits in effect in the calendar year of retirement times years of credited service between January and date of retirement. Earnings for purposes of this calculation shall be the employees classified rate of pay as of May 1 times his/her number of hours normally scheduled during the following months. The number of hours shall be for employees who work hours per week, for employees who work an average of hours per week and for employees who work hours per week. In the Inthe event that an employee’s earnings in any of the five 1 periods immediately preceding retirement do not reflect a normal annual schedule of hours for that period for reasons other than a leave of absence, the employee’s earnings for that period will be adjusted to reflect his/her normal annual schedule of hours, provided the employee has been actively at work for at least three months during that 1 period.

Minimum Pension. Subject to approval by Pension Commission of Ontario and Revenue Canada the Boise Cascade Canada Ltd. Pension Plan for Ontario Hourly Employees will be amended so as to provide: Effective May the minimum pension provided under the Plan shall be effective until the later of April or the date the applicable Labour Agreement covering the period May through April is terminated under the provision thereof; : of the employee’s 's average base earnings during the five years prior to May for which his/her his earnings were highest times years of credited service prior to retirement, 1/35 of the benefits in effect in the calendar year of retirement times years of credited service between January and date of retirement. Earnings for purposes of this calculation shall be the employees employee's classified rate of pay as of May 1 times his/her his number of hours normally scheduled during the following months. The number of hours shall be for employees who work hours per week, for employees who work an average of hours per week and for employees who work hours per week. In the event that an employee’s earnings in any of the five 1 12-month periods immediately preceding retirement do not reflect a normal annual schedule of hours for that period for reasons other than a leave of absence, the employee’s earnings for that period will be adjusted to reflect his/her his normal annual schedule of hours, provided the employee has been actively at work for at least three months during that 1 12-month period.