Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 years) can be applicable. Some other options available: 1) Life annuity only 2) Life annuity with five (5) year guarantee 3) Joint and survivor annuity 4) Joint and survivor annuity reducing on first death 5) Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 e.g. years) can be applicable. Some other options available:
1) : Life annuity only
2) only Life annuity with five (5) year guarantee
3) guarantee Joint and survivor annuity
4) annuity Joint and survivor annuity reducing on first death
5) 1st death Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 1 contract
Samples: Collective Agreement
Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 years) can be applicable. Some other options available:
1i) Life annuity only
2ii) Life annuity with five (5) year guarantee
3iii) Joint and survivor annuity
4iv) Joint and survivor annuity reducing on first death
5v) Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 1 contract
Samples: Collective Agreement
Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 e.g. years) can be applicable. Some other options available:
1) : Life annuity only
2) only Life annuity with five (5) year guarantee
3) guarantee Joint and survivor annuity
4) annuity Joint and survivor annuity reducing on first death
5) death Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 1 contract
Samples: Collective Agreement
Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 years) can be applicable. Some other options available:
1) : Life annuity only
2) only Life annuity with five (5) year guarantee
3) guarantee Joint and survivor annuity
4) Survivor annuity Joint and survivor annuity reducing on first death
5) 1st death Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be he determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 1 contract
Samples: Collective Agreement
Normal Form of Pension. The normal pension will be guaranteed for the lifetime of the retired member, however, a minimum guarantee period (eg. 10 e.g. O years) can be applicable. Some other options available:
1) : Life annuity only
2) only Life annuity with five (5) year guarantee
3) guarantee I Joint and survivor annuity
4) annuity Joint and survivor annuity reducing on first death
5) death Life annuity with or without guarantee indexed to maximum of 6% Pension form chosen will be determined by the member based on current situation at retirement and can be purchased from any financial institution licensed to sell annuities in Canada.
Appears in 1 contract
Samples: Collective Agreement