Common use of Special Early Retirement Clause in Contracts

Special Early Retirement. A member retiring after having attained age 60 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of accrued pension to his credit for service to date of early retirement, without reduction for the earlier date of retirement. This pension will be supplemented by an amount necessary to provide a monthly pension of $1,610.00, from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefits. Thereafter, the supplement shall be recalculated as the amount required to be added to the member's accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21, 1993 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 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 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 life time supplement.

Special Early Retirement. A member retiring after having attained age 60 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of the accrued pension to his credit for service to date of early retirement, without reduction for the earlier date of retirement. This pension will be supplemented by an amount necessary to provide a monthly pension of $1,610.001,525.00, from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefits. Thereafter, the supplement shall be recalculated as the amount required to be added to the member's accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 1,673.00; which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21, 1993 1992 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 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 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 life time lifetime supplement.

Special Early Retirement. A member retiring after having attained age 60 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of accrued pension to his credit for service to date of early retirement, . without reduction for the earlier date of retirement. This pension will be supplemented by an amount necessary to provide a monthly pension of $1,610.002,091.00, from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefits. Thereafter, the supplement shall be recalculated as the amount required to be added to the member's ’s accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 2,401.00; which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21December 31, 1993 1999 will be paid a further supplement, if If necessary, to produce a total pension from Company Plans equal to the pension that would be payable if the member 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 accrued pension including any escalation thereof and his related credited service. service This further supplement shall then be added to and form part pan of the member's life time ’s lifetime supplement.

Special Early Retirement. (i.) A member retiring after having attained age 60 on or after January 1, 2012 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of accrued pension to his credit for service to date of early retirement, without reduction for the earlier date of retirement. This pension will be temporarily supplemented by an amount necessary to provide a monthly pension of $1,610.003218, from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefitsbenefits (Age 65). Thereafter, the supplement shall be recalculated as the amount required to be added to the member's accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 3556; which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21December 31, 1993 2012 will be paid a further supplement, if necessary, to produce a total pension from Company company Plans equal to the pension that would be payable if the member 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 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 life time lifetime supplement.

Special Early Retirement. A member retiring after having attained age 60 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of accrued pension to his credit for service to date of early retirement, without reduction for the earlier date of retirement. This pension will be supplemented by an amount necessary to provide a monthly pension of $1,610.00, 1,695.00 from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefits. Thereafter, the supplement shall be recalculated as the amount required to be added to the member's accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 1,905.00; which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21, 1993 1994 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 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 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 life time lifetime supplement.. SER NRD ACCRUAL RATE Effective April 21/94 $1,743 $1,980 $34.00 Effective April 21/95 $1,800 $2,060 $35.00 Effective April 21/96 $1,865 $2,140 $36.00

Special Early Retirement. A member retiring after having attained age 60 with at least 30 years of credited service is entitled to an immediate accrued pension equal to the amount of accrued pension to his credit for service to date of early retirement, without reduction for the earlier date of retirement. This pension will be supplemented by an amount necessary to provide a monthly pension of $1,610.002,020.00, from Company Plans payable until the member would have first become eligible to receive unreduced Canada Pension Plan Retirement benefits. Thereafter, the supplement shall be recalculated as the amount required to be added to the member's members accrued pension and the full unreduced Canada Pension Plan Retirement benefits determined at the date of his retirement to produce a monthly pension of $1,788.00 2,306.OO; which supplement shall become his lifetime supplement. In addition to the recalculated lifetime supplement, a member who retires before April 21December 31, 1993 1997 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 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 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 life time members lifetime supplement.