Common use of Supplementary Plan Clause in Contracts

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG 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 OPG registered pension plan to the amount one would receive if there were no ITA limits.”

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG Xxxxx Power 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 OPG Xxxxx Power registered pension plan to the amount one would receive if there were no ITA limits.”

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG AMEC NSS 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 OPG AMEC NSS registered pension plan to the amount one would receive if there were no ITA limits.”

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG NSS 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 OPG NSS registered pension plan to the amount one would receive if there were no ITA limits.”

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG NHSS 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 OPG NHSS registered pension plan to the amount one would receive if there were no ITA limits.”

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG NWMO 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 OPG NWMO registered pension plan to the amount one would receive if there were no ITA limits.”