Public Service Pension Plan. (a) Effective December 16, 2012, the Company will participate in the Public Service Pension Plan (PSPP). (b) Employees hired before December 16, 2012 will be able to opt out of the PSPP in accordance with the terms of the PSPP. (c) Employees hired on or after December 16, 2012 will be enrolled in the PSPP in accordance with the terms of the PSPP. (d) Employees can only terminate membership in the PSPP upon termination of employment with the Company. (e) In order to help ensure that employees are equipped to make informed decisions with respect to retirement planning, the Pension Corporation offers “Thinking About Retirement” sessions. Information on those sessions will be posted for employees when provided by the Pension Corporation.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
