Common use of Bridging Supplement Clause in Contracts

Bridging Supplement. Any active member who elects to retire early and has attained age fifty-eight and completed at least twenty years of continuous service, shall be entitled to a bridging supplement in addition to his/her pension benefit. The bridging supplement is equal to: Thirty dollars per month multiplied by the number of his/her full years of Credited Service up to a maximum of thirty years (with no proportionate allowance for a fraction of a year), with the thirty dollars reducing to fifteen dollars per month from the of the month immediately following his/her sixtieth birthday .

Bridging Supplement. Any active member who elects to retire early on or after January and has attained age fifty-eight and completed at least twenty years of continuous servicecontinuousservice, shall be entitled to a bridging supplement bridgingsupplement in addition to his/her pension benefit. The This bridging supplement is equal to: Thirty to Twenty-four dollars per ($24)per month multiplied by the number of his/her full years of Credited Service up to a maximum of thirty years (30)years (with no proportionate allowance for a fraction of a year), with the thirty twenty-four dollars reducing ($24)reducing to fifteen dollars per month from the first of the month immediately following his/her followinghisher sixtieth birthday .birthday. retiring on or after January twenty-eight dollars ($28)per month multiplied by the number of full of Credited Service up to a maximum of thirty