Bridge Benefit. (a) The Company shall provide a pension bridge annuity benefit of $20 per month per year of service to employees aged 60 or older who retire prior to attaining age 65. The pension bridging benefit will not be payable beyond age 65. The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging benefit bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Bridge Benefit. (a) The a)The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging benefit bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire retiree at age fifty-five fifty-five (55) or later shall have access to the bridging benefit benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide a pension bridge annuity benefit of $20 per month per year of service to employees aged 60 61 or older who retire prior to attaining age 65. The pension bridging benefit will shall not be payable beyond age 65. The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging benefit bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement
Bridge Benefit. (a) The Company shall provide employees with a pension bridge annuity benefit of twenty dollars ($20 20.00) per month per year of service to employees aged 60 at age sixty (60) or older who retire prior to attaining age sixty-five (65). The pension bridging bridge benefit will not be payable beyond age sixty-five (65). The calculation of the pension bridge benefit shall be credited on the same basis as under the terms and conditions of the Pulp and & Paper Industry Pension Plan. An employee who chooses to retire retiree at age fifty-five (55) or later shall have access to the bridging benefit paid by the Company when they reach age sixty (60).
Appears in 1 contract
Samples: Labour Agreement