Common use of Pensionable Service Clause in Contracts

Pensionable Service. For purposes of this Agreement covering retirement income benefits, "Pensionable Service" means years and whole months of continuous service with the Company while a contributing member to the Plan, subject to the following schedule: HOURS WORKED IN PLAN YEAR PENSIONABLE SERVICE FOR THAT PLAN YEAR 2,080 or more 12 months 1,905 to 2,079 11 months 1,730 to 1,904 10 months 1,555 to 1,729 9 months 1,380 to 1,554 8 months 1,205 to 1,379 7 months 1,030 to 1,204 6 months 855 to 1,029 5 months 680 to 854 4 months 505 to 679 3 months 330 to 504 2 months 155 to 329 1 month (Separate graded scales where regular work week is other than forty

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Pensionable Service. For purposes of this Agreement covering retirement income benefits, Section 2400 "Pensionable Service" means years and whole months of continuous service with the Company while a contributing member to of the Plan, subject to the following schedule: HOURS WORKED IN PLAN YEAR PENSIONABLE SERVICE FOR THAT PLAN YEAR 2,080 Hours Worked In Pensionable Service Granted Plan Year ** For That Plan Year 1820 or more 12 months 1,905 1650 to 2,079 1819 11 months 1,730 1500 to 1,904 1649 10 months 1,555 1350 to 1,729 1499 9 months 1,380 1200 to 1,554 1349 8 months 1,205 1050 to 1,379 1199 7 months 1,030 900 to 1,204 1049 6 months 855 750 to 1,029 899 5 months 680 600 to 854 749 4 months 505 450 to 679 599 3 months 330 300 to 504 449 2 months 155 150 to 329 299 1 month (Separate ** - separate graded scales where regular work week is other than forty35 hours.

Appears in 1 contract

Samples: sp.ltc.gov.on.ca

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Pensionable Service. For purposes of this Agreement covering retirement income benefits, "Pensionable Service" means years and whole months of continuous service with the Company while a contributing member to the Plan, subject to the following schedule: HOURS WORKED IN PLAN YEAR PENSIONABLE SERVICE FOR THAT PLAN YEAR 2,080 or more 12 months 1,905 to 2,079 11 months 1,730 to 1,904 10 months 1,555 to 1,729 9 months 1,380 to 1,554 8 months 1,205 to 1,379 7 months 1,030 to 1,204 6 months 855 to 1,029 5 months 680 to 854 4 months 505 to 679 3 months 330 to 504 2 months 155 to 329 1 month (Separate graded scales where regular work week is other than fortyforty (40) hours.) Notwithstanding the foregoing, "Pensionable Service" will also include continuous service with the Company prior to May 1, 1947, which was recognized as pensionable service under the former Plan.

Appears in 1 contract

Samples: Collective Agreement

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