Plan Formula. a) Effective January 1, 2003 the rules of the DB Pension Plan shall be amended to provide for the reduction of the CPP integration factor from .625% to .500%. This change in the CPP integration factor will apply to all of the established service of a Society-represented member who retires after the effective date provided that some portion of such Society-represented established service occurred after the effective date of the change in the CPP integration factor. b) The parties will agree upon a trigger point for an increase in employee’s contributions by .5%.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
