Examples of Prior Pension Plan in a sentence
The C.A.W. agrees that upon this amended collective agreement coming into force that it will apply immediately to the Superintendent of Financial Institutions (the “Superintendent”) and request that the Superintendent take steps to wind-up the Prior Pension Plan.
If an employee who retired under this Pension Plan or the Prior Pension Plan or has commenced receipt of a deferred pension under either Plan is re-employed on or after November 1, 1979, such employee shall not accumulate any additional credited service as a result of such re-employment.
If an employee receiving a normal retirement pension under this Pension Plan or the Prior Pension Plan shall be re-employed, then he shall continue to receive during such re-employment, any monthly basic pension to which he might be otherwise entitled, but not a supplemental allowance, and such re-employment shall not result in the accrual of any additional credited service under Section (11) of this Pension Plan.
The provisions of the Prior Pension Plan shall continue to be applicable on and after October 1, 2019 to all employees who retired or lost their seniority prior to such date (and who after that date if retired on a permanent total disability pension prior to such date do not cease to be permanently and totally disabled) and to the eligible surviving spouses of such employees.
However, all references in Section (1), (2), (3), (19) and (23) of this Pension Plan to pensions, supplemental allowances and special age 65 benefits shall include those payable under the Prior Pension Plan as well as under this Pension Plan.