Common use of Normal Form of Pension Clause in Contracts

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.

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.

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.

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.

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.

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.