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 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.

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.