Common use of Pension Bridge Benefit Clause in Contracts

Pension Bridge Benefit. The Company shall provide a pension bridge annuity of twenty dollars ($20) per month per year of service to employees aged sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Pension Plan. An employee who chooses to retire at age sixty (60) shall have access to the bridging benefit paid by the Company when they reach age sixty (60).

Pension Bridge Benefit. The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($2020.00) per month per year of service to employees aged at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Industry Pension Plan. An employee who chooses to retire at age sixty fifty-five (6055) or later shall have access to the pension bridging benefit paid by the Company when they reach age sixty (60).

Pension Bridge Benefit. The Company shall provide a pension bridge annuity benefit of twenty dollars ($20) 20.00 per month per year of service to employees aged sixty (60) 61 or older who retire prior to attaining age sixty-five (65). The pension bridge bridging benefit will shall not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Industry Pension Plan. An employee who chooses to retire at age sixty (60) 60 shall have access to the pension bridging benefit provided by the employer upon attaining age 61. Upon the establishment of the fund as provided under Article VII – Wages – a pension bridge benefit from age 60 to 61 will be paid by the Company when they reach age sixty (60)fund. The calculation for this benefit shall be in the same manner as provided in the preceding paragraph.

Pension Bridge Benefit. The Company shall provide employees with a pension bridge annuity of twenty dollars ($2020.00) per month per year of service to employees aged at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age sixty fifty-five (6055) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).

Pension Bridge Benefit. The Company shall provide employees with a pension bridge annuity of twenty dollars ($2020.00) per month per year of service to employees aged at age sixty (60) or older who retire prior to attaining age sixty-sixty- five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age sixty fifty-five (6055) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).

Pension Bridge Benefit. The Company shall provide a pension bridge annuity of twenty dollars ($20) per month per year of service to employees aged sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Pension Plan. An employee who chooses to retire at age sixty (60) shall have access to the bridging benefit paid by the Company when they reach age sixty (60).

Pension Bridge Benefit. The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($2020.00) per month per year of service to employees aged at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridge benefit will not be payable beyond the age of sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Industry Pension Plan. An employee who chooses to retire at age sixty fifty- five (6055) or later shall have access to the pension bridging benefit paid by the Company when they reach age sixty (60).