Common use of Pension Minimums Clause in Contracts

Pension Minimums. i. The annual minimum pension for eligible employees who retired on or after July 1, 2010, through December 31, 2010, under the Northwest local contract (on or after July 1, 2010, through August 18, 2014, under the Gardnerville or Blythe/Xxxxxx local contracts) is as follows: Years of Accredited Service Annual Minimum Pension 40 or more years $12,900 35 but less than 40 years $11,300 30 but less than 35 years $ 9,800 25 but less than 30 years $ 8,200 20 but less than 25 years $ 6,600 15 but less than 20 years $ 5,200