Common use of Normal Pension Clause in Contracts

Normal Pension. Each Member who terminates employment with the Company and qualifies for a Normal Pension on or after the date of ratification (“Date of Ratification”) of the Collective Bargaining Agreement, shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to: (a) for a Member who is classified by the Company as a Plant Services Employee and who retires on or after the Date of Ratification, $25.00 multiplied by the Member’s years and fractions of years of Credited Service, and (b) for a Member who is classified by the Company as a Maintenance Employee and who retires on or after the Date of Ratification, $55.00 multiplied by the Member’s years and fractions of years of Credited Service (effective for retirements occurring after August 17, 2017).

Normal Pension. Each Member who terminates employment with the Company and qualifies for a Normal Pension on or after the date of ratification (“Date of Ratification”) of the Collective Bargaining Agreement, shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to: (a) for a Member who is classified by the Company as a Plant Services Employee and who retires on or after the Date of Ratification, $25.00 multiplied by the Member’s years and fractions of years of Credited Service, and (b) for a Member who is classified by the Company as a Maintenance Employee and who retires on or after the Date of Ratification, $55.00 51.00 multiplied by the Member’s years and fractions of years of Credited Service (effective for retirements occurring after August 17, 2017)Service.

Normal Pension. Each Member who terminates employment with the Company and qualifies for a Normal Pension on or after the date of ratification (“Date of Ratification”) of the Collective Bargaining Agreement, shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to: (a) for a Member who is classified by the Company as a Plant Services Employee and who retires on or after the Date of Ratification, $25.00 multiplied by the Member’s years and fractions of years of Credited Service, and (b) for a Member who is classified by the Company as a Maintenance Employee and who retires on or after the Date of Ratification, $55.00 53.00 multiplied by the Member’s years and fractions of years of Credited Service (effective for retirements occurring after August 1712, 20172013).