Common use of Single Life Pension Clause in Contracts

Single Life Pension. Payable for the lifetime of the member and guaranteed for a period of 60 months. The amounts of pension provided under these options are calculated on an actuarially equivalent basis. SAMPLE PENSION CALCULATION Date of Birth: 10 December 1934 Date Hire: 1 January 1968 Retirement Date: 31 December 1999 Service to: 31 December 1971 4 years Service from: 1 January 1972 to Total Service: 31 December 1999 27 years 31 years Employee’s Average Annual Earnings for best 5 years $50,000.00 Maximum CPP Pensionable Earnings for ’98 $36,900.00

Single Life Pension. Payable for the lifetime of the member and guaranteed for a period of 60 months. The amounts of pension provided under these options are calculated on an actuarially equivalent basis. SAMPLE PENSION CALCULATION Date of Birth: 10 December 1934 Date Hire: 1 January 1968 Retirement Date: 31 December 1999 Service to: 31 December 1971 4 years Service from: 1 January 1972 to Total Service: 31 December 1999 27 years Total Service: 31 years Employee’s Average Annual Earnings for best 5 years $50,000.00 Maximum CPP Pensionable Earnings for ’>98 36,900.00 Excess of Av. Annual Earnings over YMPE $36,900.0013,100.00

Single Life Pension. Payable for the lifetime of the member and guaranteed for a period of 60 months. The amounts of pension provided under these options are calculated on an actuarially equivalent basis. SAMPLE PENSION CALCULATION Date of Birth: 10 December 1934 Date Hire: 1 January 1968 Retirement Date: 31 December 1999 Service to: 31 December 1971 4 years Service from: 1 January 1972 to Total Service: 31 December 1999 27 years Total Service: 31 years Employee’s =s Average Annual Earnings for best 5 years $50,000.00 Maximum CPP Pensionable Earnings for ’98 $36,900.00>99 33,900.00 Excess of Av. Annual Earnings over YMPE 16,100.00

Single Life Pension. Payable for the lifetime of the member and guaranteed for a period of 60 months. The amounts of pension provided under these options are calculated on an actuarially equivalent basis. SAMPLE PENSION CALCULATION Date of Birth: 10 December 1934 Date Hire: 1 January 1968 Retirement Date: 31 December 1999 Service to: Service from: 31 December 1971 4 years Service from: 1 January 1972 to 4 years Total Service: 31 December 1999 27 years 31 years Employee’s Average Annual Earnings for best 5 years $50,000.00 Maximum CPP Pensionable Earnings for ’98 $36,900.00