Common use of Pension Transition Clause in Contracts

Pension Transition. All probationary employees (as of May 2, 2013) and all future employees will join the Sysco Canada Defined Contribution Union Pension Plan with no amendments or additions. As a consequence those employees will not be entitled to the add-ons outlined below. All current employees in the Canadian Commercial Workers Industry Pension Plan (CCWIPP) will join the Sysco Canada Defined Contribution Union Pension Plan and receive the following add-ons:

Pension Transition. All probationary employees (as of May 2April 21, 2013) and all future employees will join the Sysco Canada Defined Contribution Union Pension Plan with no amendments or additions. As a consequence those employees will not be entitled to the add-ons outlined below. All current employees in the Canadian Commercial Workers Industry Pension Plan (CCWIPP) will join the Sysco Canada Defined Contribution Union Pension Plan and receive the following add-ons: