Transitional Survivor Benefits. In the event of the death of an employee who is on the seniority list and who is vested, his surviving spouse shall receive of the employees accrued pension benefit at the time of the death, assuming his retirement at age payable when said employee would have reached the age of Early Retirement: Unreduced benefits for retirement at age fifty-five (55) and thirty (30) years serv- ice. Any Post Retirement Benefit increases granted to a retired employee shall be offset against any increases for the same years of service arising by reason of any indexing of the Pension Benefits, resulting from any current or future legislation, regulation or other Government action.
Transitional Survivor Benefits. In the event of the death of an employee who is on the seniority list and who is vested, his surviving spouse shall receive 65% of the employees accrued pension benefit at the time of the death, assuming his retirement at age 55, payable when said employee would have reached the age of 55.
Transitional Survivor Benefits. In the event of the death of an employ- ee who is on the seniority list and who is vested, his surviving spouse shall receive of the employees accrued pension benefit at the time of the death, assuming his retirement at age payable when said employee would have reached the age of Early Retirement: Unreduced benefits for retirement at age fifty-five (55) and thirty (30) years service. Employees hired after September who have attained seniority will have the option of joining the pension plan as out- lined above or may join an for which the Company will contribute per hour worked. Any Post Retirement Benefit increases granted to a retired employee shall be offset against any increases for the same years of service arising by reason of any indexing of the Pension Benefits, resulting from any current or COLLECTIVEAGREEMENT future legislation, regulation or other Government action.
