Common use of Normal Form of Pension Clause in Contracts

Normal Form of Pension. The normal form of pension will be life only.  Termination - After completing 2 years of continuous service, a terminating member, other than termination on account of death or retirement, will be entitled to a pension payable at the employee’s Normal Retirement Date, or to transfer to a locked-in Registered Retirement Savings Plan the actuarial equivalent value for the employee’s deferred retirement income under the Plan.

Normal Form of Pension. The normal form of pension will be life only.  • Termination - After completing 2 years of continuous service, a terminating member, other than termination on account of death or retirement, will be entitled to a pension payable at the employee’s Normal Retirement Date, or to transfer to a locked-in Registered Retirement Savings Plan the actuarial equivalent value for the employee’s deferred retirement income under the Plan.

Normal Form of Pension. The normal form of pension will be life only.  • Termination - After completing 2 years of continuous service, a terminating member, other than termination on account of death or retirement, will be entitled to a pension payable at the employee’s his Normal Retirement Date, or to transfer to a locked-in Registered Retirement Savings Plan the actuarial equivalent value for the employee’s his deferred retirement income under the Plan.