Common use of Pension Plan Benefits Clause in Contracts

Pension Plan Benefits. On retirement the Salaried Plan provides a continuing monthly income, for the balance of your lifetime, which is the sum of: (a) a non-contributory pension based on your earnings and service, and (b) a contributory pension based on your voluntary decision to contribute to the plan and your earnings. (The ability to contribute was discontinued on January 1, 1988).

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Pension Plan Benefits. On retirement the Salaried Plan provides a continuing monthly income, for the balance of your lifetime, which is the sum of: (a) a non-contributory pension based on your earnings and service, and (b) a contributory pension based on your voluntary decision to contribute to the plan and your earnings. (The ability to contribute was discontinued on January 1, 1988).. i)

Appears in 1 contract

Samples: Collective Agreement

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Pension Plan Benefits. On retirement the Salaried Pension Plan provides a continuing monthly income, for the balance of your lifetime, which is the sum of: (a) a non-contributory pension based on your earnings and service, and (b) a contributory pension based on your voluntary decision to contribute to the plan and your earnings. (The ability to contribute was discontinued on January 1, 1988).

Appears in 1 contract

Samples: Collective Agreement

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