Canada Pension Plan Benefit definition
Canada Pension Plan Benefit means the retirement pension that would be payable under the Canada Pension Plan at the member's retirement date as if he were age sixty-five
Canada Pension Plan Benefit means the retirement pension that would be payable under the Canada Pension Plan at the member’s retirement date as if he/she were age at that date, assuming that the member has a full contributory period under the Canada Pension Plan and assuming that earnings have always equalled or exceeded each year’s (as defined in the Canada Pension Plan).
Examples of Canada Pension Plan Benefit in a sentence
This bridge benefit will be equivalent to the Canada Pension Plan Benefit which is payable at the latter of, the employee's 60th birthday or their actual retirement date, provided such employee had 25 years of pensionable service at the date of their retirement.
Each member who retires on or after his normal retirement date, shall receive an annual retirement income, payable monthly, equal to: forty (40) per cent of the total required contributions made prior to August two percent of the member's average earnings from multiplied by years of service from August to a maximum of thirty-five (35) years, less 1/35 of the Canada Pension Plan Benefit for each year of service from August to a maximum of years.