Common use of Point Retirement Clause in Contracts

Point Retirement. If you retire on or after March 1, 2014 after having reached age 55 and your combined age and years of total credited service total 85 or more (but prior to having qualified for Special Early Retirement), you are entitled to an immediate pension equal to the amount of your vested accrued basic pension for service to the date of early retirement. In addition, you shall be entitled to a lifetime supplement calculated as if you had reached age 65 on your date of retirement, but using your current unreduced vested accrued basic pension and your related credited service, the full unreduced Canada Pension Plan Retirement benefit and the normal retirement minimum pension, all determined as of your actual date of retirement. Once you become eligible to receive unreduced Canada Pension Plan Retirement benefits (on attaining age 65) and, in addition to the lifetime supplement, a member who retires under this provision (85 Point Retirement) will be paid a further supplement, if necessary, to produce a total pension from Company Plans equal to the pension that would be payable if the member would then retiring at normal retirement, based on the normal retirement minimum pension and full unreduced Canada Pension Plan retirement benefit both determined as of that date, his accrued pension, including any escalation thereof and his related credited service. This further supplement shall then be added to and form part of the member’s lifetime supplement.

Point Retirement. If you retire A member retiring on or after March January 1, 2014 1997 and after having reached attained age 55 and your combined whose age and plus years of total credited service total 85 or more (but prior to having qualified for Special Early Retirement), you are ) is entitled to an immediate accrued pension equal to the amount of your accrued vested accrued basic pension to his credit for service to the date of early retirement. In addition, you such member shall be entitled to a lifetime supplement calculated as if you the member had reached attained age 65 on your his date of retirement, retirement but using your hrs current unreduced vested accrued basic pension and your his related credited service, the full unreduced Canada Pension Plan Retirement benefit and the normal retirement minimum pension, pension all determined as of your the member’s actual date of retirement. Once you become such member becomes eligible to receive unreduced Canada Pension Plan Retirement retirement benefits (on attaining age 65) and, in and In addition to the lifetime supplement, a member who retires under this provision (85 Point Retirementpoint retirement) prior to December 31, 1999 will be paid a further supplement, if necessary, to produce a total pension from Company Plans plans equal to the pension that would be payable if the member would were then retiring at normal retirement, based on the under normal retirement minimum pension and full unreduced Canada Pension Plan retirement benefit both determined as of that date, his accrued pension, pension including any escalation thereof and his related credited service. This further supplement shall then be added to and form part of the member’s lifetime supplement.

Point Retirement. If you retire A member retiring on or after March January 1, 2014 1991 and after having reached attained age 55 and your combined whose age and plus years of total credited service total 85 or more (but prior to having qualified for Special Early Retirement), you are ) is entitled to an immediate accrued pension equal to the amount of your accrued vested accrued basic pension to his credit for service to the date of early retirement. In addition, you such member shall be entitled to a lifetime supplement calculated as if you the member had reached attained age 65 on your his date of retirement, retirement but using your his current unreduced vested accrued basic pension and your his related credited service, the full unreduced Canada Pension Plan Retirement benefit and the normal retirement minimum pension, pension all determined as of your the member's actual date of retirement. Once you become a member becomes eligible to receive unreduced Canada Pension Plan Retirement benefits (on attaining age 65) and, and in addition to the lifetime supplement, a member who retires under this provision (85 Point Retirement) will be paid a further supplement, if necessary, to produce a total pension from Company Plans equal to the pension that would be payable if the member would were then retiring at normal retirement, based on the normal retirement minimum pension and full unreduced Canada Pension Plan retirement benefit both determined as of that date, his they accrued pension, pension including any escalation thereof and his his/her related credited service. This further supplement shall then be added to and form part of the member’s 's lifetime supplement.

Point Retirement. If you retire A member retiring on or after March January 1, 2014 1991, and after having reached attained age 55 and your combined whose age and plus years of total credited service total 85 or more (but prior to having qualified for Special Early Retirement), you are ) is entitled to an immediate accrued pension equal to the amount of your accrued vested accrued basic pension to his credit for service to the date of early retirement. In addition, you such member shall be entitled to a lifetime supplement calculated as if you the member had reached attained age 65 on your his date of retirement, retirement but using your his current unreduced vested accrued basic pension and your his related credited service, the full unreduced Canada Pension Plan Retirement benefit and the normal retirement minimum pension, pension all determined as of your the member's actual date of retirement. Once you become a member becomes eligible to receive unreduced Canada Pension Plan Retirement benefits (on attaining age 65) and, and in addition to the lifetime supplement, a member who retires under this provision (85 Point Retirement) will be paid a further supplement, if necessary, to produce a total pension from Company Plans equal to the pension that would be payable if the member would were then retiring at normal retirement, based on the normal retirement minimum pension and full unreduced Canada Pension Plan retirement benefit both determined as of that date, his they accrued pension, pension including any escalation thereof and his his/her related credited service. This further supplement shall then be added to and form part of the member’s 's lifetime supplement.