Retiree Lump Sum Payments Negotiations 2005. During negotiations for the 2017-2020 Collective Agreement in connection with the Non-Contributory Pension Plan, the Company agreed that employees retired under the Plan will receive a lump sum payment of $6.00 times years of credited service plus $100.00 to a maximum of $280.00, payable March I, 2017, February 1, 2018 and February 1, 2019. Surviving spouses receiving a benefit under the Plan will receive a lump sum payment of $3.60 times years of credited service plus $100.00 to a maximum of $208.00, payable March 1, 2017, February 1, 2018 and February 1, 2019. (Amended February 11, 2017) X.X. Xxxxxx Manager, Human Resources
