Common use of Supplementary Pension Plan Clause in Contracts

Supplementary Pension Plan. Society represented members of the ESA Pension Plan, whose pension income as a pensioner will exceed the limits prescribed by the Income Tax Act (ITA) for pension paid from a registered pension plan, are eligible for the Supplementary Payment Schedule (SPS). The SPS tops up the amount one receives from the ESA registered pension plan to the amount one would receive if there were no ITA limits.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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