Common use of Basic Benefit Clause in Contracts

Basic Benefit. Effective January 1, 2017, the Basic Benefit increased to $100 per month for all years of Credited Service for employees on the Active Payroll of the Company on January 1, 2017, or those on an Authorized Period of Absence on January 1, 2017 (including those who retire from the employ of the Company on January 1, 2017).

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Basic Benefit. Effective January 1, 2017, the Basic Benefit will be increased to $100 per month for all years of Credited Service for employees on the Active Payroll of the Company on January 1, 2017, or those on an Authorized Period of Absence on January 1, 2017 (including those who retire from the employ of the Company on January 1, 2017).

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Basic Benefit. Effective January 1, 2017, the Basic Benefit increased to $100 42 per month for all years of Credited Service for employees on the Active Payroll of 43 the Company on January 1, 2017, or those on an Authorized Period of Absence on 44 January 1, 2017 (including those who retire from the employ of the Company on 45 January 1, 2017).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Basic Benefit. Effective January 1, 2017, the Basic Benefit will be increased to $100 per 36 month for all years of Credited Service for employees on the Active Payroll of the Company on 37 January 1, 2017, or those on an Authorized Period of Absence on January 1, 2017 (including those 38 who retire from the employ of the Company on January 1, 2017).. 39

Appears in 1 contract

Samples: Collective Bargaining Agreement

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