Common use of Supplementary Plan Clause in Contracts

Supplementary Plan. 1. That an immediate provision of a supplementary pension payable in full at sixty-five (65) years of age, be implemented to provide that the total pension payable from the OMERS and any former pension plan is equal to two (2%) percent of the employee's highest average sixty

Supplementary Plan. 1. That an immediate provision of a supplementary pension payable in full at sixty-five (65) years of age, be implemented to provide that the total pension payable from the OMERS and any former pension plan is equal to two (2%) percent of the employee's highest average sixtysixty consecutive months earnings, multiplied by his or her years of credited service at retirement to a maximum of thirty-five years service. Such to include all past service" from date of employment with present employer. That an early retirement benefit be provided to permit early retirement without actuarial reduction in benefits within ten years prior to a Member's normal retirement date, when: