PENSION INDEX. The Pension Index for a given year is calculated as the average for the twelve (12) month period ending October 31 in the preceding year of the CPI for each month in that twelve (12) month period.
PENSION INDEX. The Pension Index as of January 1 of a given year is calculated as the average for the twelve (12) month period ending October 31st in the preceding year of the CPI for each month in that twelve (12) month period.
PENSION INDEX. Effective May all monthly pensions of retirees shall be increased in accordance with the following: March, Consumer Price Index Canada will be compared with the March, and where the difference is determined to be in excess of such monthly pensions shall be increased by of the difference between and the actual percentage increase. Effective May such pensions shall be increased as above except the March will be compared to the March, Effective May I, such pensions will be increased as above except that the March will be compared to the March It is agreed that no pension increases will be paid for increases in the in excess of in any one year, March to March. Under no circumstances will such calculations he less than of current Pension Benefit. United Steelworkers of America Drive Ontario LAW Attention: May Dear Sirs: This will confirm the understanding of the parties with respect to the duration of the Collective Agreement dated the 6th day of May, that in the event the Company should relocate part of its existing operations carried on at its plant in Ontario to any production facility elsewhere in the Province, the Company will offer job opportunities and training where appropriate to the bargaining unit employees who are laid off by the Company as a result of such relocation provided they are willing to perform this work available. employees accepting a job opportunity at the production facility shall be credited with service accumulated at the plant to the date of transfer solely for the of determining what, if any, vacation and pension entitlement may be applicable IS determined by the Company at the production facility. It is also agreed that upon acceptanceof the job opportunity by Company such employees shall lose their recall entitlementswith the Company at its plant in Ontario and shall not be covered by the of the Collective Agreement. DATED AT this day of XXXXXX, SON The foregoing is hereby and agreed to on of The United Steelworkersof America. United Steelworkersof America Drive Ontario Attention: May Dear Sirs: This will confirm the understanding of the parties with respect to the duration of the Collective Agreement dated the 6th day of May, that the following procedure will be followed,where possible to schedulepersonnel to work overtime: TWO SHIFT OPERATION:
