Optional Forms. Additional forms have been developed (Appendices H and I) and may be used at the discretion of the employee to pursue professional growth.
Optional Forms. Instead of a Ten-Year Certain and Life Annuity, the retired or terminated Employee may irrevocably elect prior to commencement of his or her Income Continuation Amount to receive his or her Income Continuation Amount in one of the following optional forms, which will be actuarially equivalent to the Ten-Year Certain and Life Annuity:
Optional Forms. A Participant may elect not later than two (2) months prior to retirement any one of the following optional forms of pension.
Optional Forms. If you feel that your needs would be better served by a different form of annuity than that normally payable, you may elect to have the pension paid in an optional form of annuity which must be permitted by Government Legislation. If you have a spouse, an optional form may only be elected if the above spousal waiver conditions have been met.
Optional Forms. Amount determined on an actuarially equivalent basis and payable in one of the following forms: - Life only -Life guaranteed 5,10,15 years -Spousal Option 60% -Joint Survivor/Contingent Annuitant
Optional Forms. In respect of procedures under the Regulations other than those referred to in Section 2, the International Bureau may establish optional forms.
Optional Forms. If you do not have a spouse, or if she has waived her rights to a 60% survivor pension, then you may elect to receive your pension as a straight life annuity with no guaranteed period, or you may wish to have a guaranteed period of 10 or 15 years. You can also elect a pension that gives your spouse more than 60% of your pension if you predecease her. In the case of early retirement, you may elect to increase the amount you receive prior to the com- mencement of OAS or Canada Pension. An op- tion sheet will be provided to you prior to your retirement so that you can choose the most ap- propriate one for your situation. Your first pension payment will be made at the end of the month following your retirement. The pay- ment can be made directly to you or by automatic direct deposit, to your bank account.
Optional Forms. Employees may, in lieu of a normal retirement pension, elect an optional form of pension such as 1) life only, 2) ten year certain, 3) joint and survivor, 4) integration with government
Optional Forms. Effective Date: 06/01/2006
Optional Forms. If any pension benefit is payable to an Eligible Employee from a Pension Plan, and an optional form of payment is elected under that Pension Plan, then a similar election will be deemed made under the Plan. If two or more such pensions are payable from such other Pension Plans, then the option selected for the Pension Plan generating the largest monthly pension payment (including the beneficiary designation in connection with such option and benefits, if applicable) shall prevail for the purposes of the Plan. Notwithstanding the foregoing, no lump sum distributions shall occur or be permitted hereunder.
