Common use of Special Early Retirement Clause in Contracts

Special Early Retirement. If you retire after having attained the age of 60 with at least 25 years of credited service you are entitled to an immediate accrued pension equal to the amount of accrued pension to your credit for service to your date of early retirement. This pension is not reduced because you retire early. A monthly bridge benefit in the amount of $25 monthly for each year of credited service accrued to your date of retirement up to a maximum of 30 years. The bridge benefit will cease at your normal retirement date.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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