Non-Contributory Pension Plan. The benefits and conditions governing the benefits will be as set forth in the Pension Plan Booklet.
Non-Contributory Pension Plan. Bridgestone Americas, Inc. Non-Contributory Pension Plan.
Non-Contributory Pension Plan. The Company agrees to pay the full cost of a non-contributory pension plan established March 1, 1973, for each employee who retires with ten (10) or more years of credited service. As of March 15, 2003 an employee who retires on his normal retirement date at age sixty-five (65) the plan will provide a monthly pension unit payable for the lifetime of the employee and equal to $40.25 for each year of credited service. Effective March 16, 2007, the monthly unit payable referred to above, will increase to $47.25 for each year of credited service. To the maximum allowed by legislation from the pension plan, not to exceed the basic increase as outlined.
Non-Contributory Pension Plan. The benefits and conditions governing the benefits will be as set forth in the Pension Plan Booklet. Revisions to the Pension formula as contained in the Memorandum of Settlement dated February 25, 2008 will be incorporated into the Plan.
Non-Contributory Pension Plan. The formula presently used in the calculation of pen- sions in the Non-Contributory Pension Plan provides for monthly pension on retirement, calculated as follows:
