Regular Pension Sample Clauses

Regular Pension. 3.3 (a) The regular pension shall be a monthly amount determined in accordance with (b), and (c) below, adjusted in accordance with the provisions of paragraphs 3.4, 3.5, 3.7, 3.8, 3.12(d), and 3.18 if applicable.
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Regular Pension. (a) Effective for those who retire December 1, 2016, and thereafter:
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Regular Pension. The Regular pension is a monthly payment equal to the higher of the percent pension or the minimum pension determined as follows, but may be adjusted in accordance with certain other additions and deductions, some of which are described on pages 54 and 55. The Percent Pension An amount equal to the participant’s average monthly earnings as described on page 54, multiplied by:
Sample 1
Regular Pension. The Regular Pension is a monthly payment equal to the higher of the percent pension* or the minimum pension determined as follows, but may be adjusted in accordance with certain other additions and deductions, some of which are described on pages 17 through 18 . *For the purposes of determining the Special Payment, vacation pay shall be adjusted to exclude the Cost-of- Living Adjustment included in the base hourly or salary rates other than the first Cost-of-Living Adjustment included in the base hourly or salary rates subsequent to April 30, 1974, but calculated as if any decreases effective March 1, 1983 in the standard hourly wage scales of rates for both incentive and non-incentive jobs, the hourly additives for incentive jobs and the standard bi-weekly scale of rates for salaried jobs had not occurred, except that such vacation pay adjustment shall not apply to vacation pay for any weeks of regular vacation to which the participant was or would have been entitled in the year of retirement or for an earlier year if the participant is not entitled to vacation in the year of retirement. Adjusted vacation pay shall be determined by including a COLA adjustment add-on of $2.36 per hour for a participant who retires after February 12, 1990. Adjusted vacation pay shall include a COLA adjustment of $4.72 per hour for participants who retire on or after July 1, 1996. * Percent formula eliminated for employees hired on or after July 1, 2011. For further explanation of the Jewel pension calculation, see Appendix B. The Percent Pension An amount equal to the participant’s average monthly earnings (see page 17) multiplied by:
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Regular Pension. The Employers shall contribute to the Trustees of the Pension Fund designated under an Agreement and Declaration of Trust dated the 7th day of July 1965, as follows: Journeyman $8.15 per hour, for each hour worked to each employee as defined in this Agreement, for said Employer. Such contribution to be administered and expended by the Trustee, pursuant to the provisions of the Agreement and Declaration of Trust for the purpose of providing pensions for employees, and for their beneficiaries insofar as the Trustees may determine in conformance with such Agreement and Declaration of Trust. SCHEDULE A SCHEDULE B PERIOD PENSION PERIOD PENSION First $ 0.00 First $ 0.00 Second $ 0.00 Second $ 0.00 Third $3.99 Third $4.08 Fourth $4.32 Fourth $4.24 Fifth $4.73 Fifth $4.65 Sixth $5.95 Sixth $5.54 Schedule A determines pension benefits for apprentices who were indentured on or before the 2016 school year. Schedule B determines pension benefits for apprentices who were indentured after the 2016 school year.
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Regular Pension. (a) A Participant shall be eligible for a Regular Pension described in the succeeding paragraphs of this Section if he terminates Covered Employment or Contiguous Noncovered Employment and Retires on or after his Normal Retirement Date.
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Related to Regular Pension

  • Regular Part-Time A regular part-time employee is someone who has a regular schedule of work providing less than seventy (70) hours bi-weekly.

  • Regular Employee Seniority for a regular employee is defined as the length of the employee’s continuous employment (whether full-time or part-time) from the date of commencement of regular employment, plus any seniority accrued, while working as a casual employee of the Employer.

  • Regular Full Time employee - Regular full-time employee shall mean an employee employed to meet ongoing operational requirements on a year-round basis and is scheduled to work the full-time hours contained in Article 18. Regular full-time employees who are laid off shall retain their regular full-time status with the Company while on layoff.

  • Regular Hours The regular hours of work each day shall be consecutive except that they may be interrupted by a lunch period.

  • Regular Part-Time Employee A regular part-time employee is an employee hired to fill a posted part-time position and is regularly pre-scheduled to work.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Regular Employees A regular employee is an employee who has either served the required probationary term or has previously been employed in one of the other categories and has satisfactorily met the job requirements. The employee occupies a position that is considered part of the ongoing organization of OPG.

  • Regular Part-Time Employees A regular part-time employee is one who works less than full-time on a regularly scheduled basis. Regular part-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement. Regular part-time employees shall receive the same perquisites, on a proportionate basis, as granted regular full-time employees.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Regular Overtime Any overtime work scheduled in advance of the administrative workweek as part of an employee's regularly scheduled workweek is considered regular overtime. An employee shall be compensated for every minute of regular overtime work in accordance with 5 CFR 550.

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