Supplementary Pension. (BTPK) In addition to retirement pension, supplementary pension shall be paid. This pension is based on individual premiums in an amount depending on the em- ployee's date of birth and salary. The premiums have been set so that the supplementary pension in principle may be expected to be of equal amounts for men and women. The following terms apply to the supplementary pension:
1. The fees shall be calculated on a current basis for the time that the em- ployee is accruing pension-qualifying employment time and shall constitute the following percentage of the employee's pension-qualifying salary: 1938 2.1 1939 and later 2.0 1938 2.1 1939-1966 2.0 1967 and later 4.0
Supplementary Pension. Effective January 1, 1975 and thereafter, the Board shall purchase a Supplementary Pension (OMERS type 1 and 111 combined) of the amount required to be added to all other pensions payable under the Ontario Municipal Employees Retirement System to provide each member of the Xxxxxxx Xxxx Police Service with a total pension commencing on retirement:
a) On or after his normal retirement age of 60 years in the case of police officers, effective January 1, 1982;
b) On or after his normal retirement age of 65 years, in the case of civilian employees;
Supplementary Pension. Annual benefit equal to $150 multiplied by the member's credited service, to a maximum of 35 years, payable until the earlier of the member's death or attainment of age 65.
Supplementary Pension. In addition to the rates of pay set in this Agreement the Board agrees to pay an additional two and one-half percent (2½%) of the monthly salary of each member to the Retirement Annuity portion of the member’s superannuation and the Association agrees that a contribution of two percent (2%) will be made by each member to the same account.
Supplementary Pension the lesser of your Average Earnings and Aver- age YMPE for each year of pensionable/credited service up to a maximum of 25 years. 57 years of age with 30 years of service
Supplementary Pension. As stated in 4.2, the pension payable will be co-ordinated with Social Welfare Old Age Contributory Pension. Since Social Welfare Pension, i.
Supplementary Pension. In addition, the Member shall be entitled to receive a supplementary pension from the Minimum Guarantee Fund as may be required to provide a total pension during each Plan Year equal to the Member's minimum guaranteed benefit for that year. The amount of the minimum guaranteed benefit, payable at the Member's Normal Retirement Date, will be equal to the sum of:
(i) 1.37% of Best Years' Earnings up to the Year's Maximum Earnings, and
(ii) 2.0% of Best Years' Earnings in excess of the Year's Maximum Earnings, multiplied by the Member's years of Pensionable Service. Subject to the following paragraph, the above amount will be adjusted annually to compensate for changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year, cumulative from retirement. In respect of Pensionable Service on and after January 1, 2013, the above amount will be adjusted annually to compensate for 50% of the changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year. The supplementary pension shall be equal to the minimum guaranteed benefit less the amount of the variable pension.
Supplementary Pension. In addition, the Member shall be entitled to receive a supplementary pension from the Minimum Guarantee Fund as may be required to provide a total pension during each Plan Year equal to the Member's minimum guaranteed benefit for that year. The amount of the Minimum Guaranteed Benefit, payable at the Member's Early Retirement Date will be an amount calculated as at the Member's Normal Retirement Date in accordance with Section 7.01(b), but based on Earnings, Pensionable Service and Year's Maximum Earnings at the Member's Early Retirement Date. Subject to the following paragraph, this amount shall be reduced by: 5/24ths of 1% for each month between the Early Retirement Date and the Normal Retirement Date if the Early Retirement Date is before the Member's sixtieth (60th) birthday, or 3/24ths of 1% for each month between the Early Retirement Date and the Normal Retirement Date if the Early Retirement Date is after the Member's sixtieth (60th) birthday. In respect of Pensionable Service on and after January 1, 2013, this amount shall be reduced by:
Supplementary Pension. In addition, the Member shall be entitled to receive a supplementary pension from the Minimum Guarantee Fund as may be required to provide a total pension during each Plan Year equal to the Member's minimum guaranteed benefit for that year. The amount of the Minimum Guaranteed Benefit, payable at the Member's Postponed Retirement Date will be an amount calculated as at the Member's Normal Retirement Date in accordance with Section 7.01(b), but based on Earnings, Pensionable Service and Year's Maximum Earnings at the Member's Postponed Retirement Date. Subject to the following paragraph, the above amount will be adjusted annually to compensate for changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year, cumulative from retirement. In respect of Pensionable Service on and after January 1, 2013, the above amount will be adjusted annually to compensate for 50% of the changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year. The supplementary pension shall be equal to the minimum guaranteed benefit less the amount of the variable pension.
Supplementary Pension. TERMINATION EMPLOYMENT . . . TRAVEL ALLOWANCE PLAN . . . . . 📬 .. 📬 'UNION COMMITTEES Negotiating Labour-Management 📬 ⚫ 📬 📬 📬 . . 📬 📪 📬 📬 📬 📬 . . 📬 📬 📬 📬 📬 📬 . . 📬 📬 📬 📬 📬 📬 . 📬 ⚫ 📬 📬 📬 📬 . 📬 📬 📬 📬 📬 📬 . 📬 📬 📬 📬 📬 . 📬 📬 📬 ⚫ . 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 ⚫ 📬 📬 ⚫ 📬 📬 📬 📬 ⚫ 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 📬 ⚫ 📬 📬 📬 📬 📬 ⚫ 📬 📬 📬 📬 . .
