Retirement Adjustment Sample Clauses

Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below: Date of the Post-Retirement Adjustment January 1, 2005 January 1, 2007 January 1, 2009 January 1, 2011 January 1, 2013. The pension subject to the increase is the Member’s pension which is payable from the Plan on and after the Date of the Post-Retirement Adjustment. The pension increase shall exclude any temporary bridging supplement. The Pension Increases will be payable on the same form of payment that applies to the member's pension already in the course of payment. For purposes of this section, "Consumer Price Index" means the Canada all-items Consumer Price Index (1992 = 100) as published by Statistics Canada. If, by reason of law or guideline established by a Government Body, the Company is required to provide increases in pension for retired employees, the Company will only be required to increase pensions under this section such that the resulting pension equals the greater of:
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Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below:
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Retirement Adjustment. Effective January 1, 2005, the Pension Plan will be amended to provide a post- retirement adjustment on January 1, 2005 and on January 1, 2007. Effective January 1, 2009, the Pension Plan will be amended to provide a post-retirement adjustment on January 1, 2009, January 1, 2011 and January 1, 2013. Participants eligible for these adjustments are those who were eligible for the post-retirement adjustment provided by the collective agreement that expired on April 30, 2004, as well as all active participants who will retire on or after May 1, 2004. The post-retirement adjustment is equal to the amount of the minimum pension of the participant, excluding the bridging benefit, multiplied by 50% of the increase of the Consumer Price Index for the 12-month period ending in October of the preceding year (rounded to the nearest tenth of one per cent), subject to a maximum 5% adjustment. For calculation purposes, the Consumer Price Index means the all-items index (1992=100) published by Statistics Canada. The calculation of the adjustment is prorated based on the number of months since the commencement of pension payments if the commencement occurred in the twelve (12) months preceding the date of the adjustment.
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Retirement Adjustment. 8 ARTICLE 5 LEAV1.N OF ABSENCE 4 Section 5.1 Bereavement Leave 9 Section .5 2 Peisonal Leave................ 4 Section 5 5 Paid Vacation (Annual Leave)................................................. 9 Section 5.4 Jury Duty.................. 10 Section 5.5 All-Purpose Leave (Pair-TimeEmployees) 11 Xxxx ion 5.6 All-Purpose Day (Part-Time Employees Working Less than Twenty (20) Hours Per W'eek) 11 Section 5.7 Atlendance Review II
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Retirement Adjustment. Effective January 1, 2005 and for the duration of the collective agreement, active members who retired on or after June 1, 1998 will have their pensions increased on January 1, 2005, 2007, 2009, 2011 and 2013. (last adjustment on January 1, 2013), by fifty percent (50%) of the increase in the Consumer Price Index, if any, subject to a maximum increase of five percent (5%). This increase in the CPI is calculated over the twelve (12) month period ending in October of the preceding year. The first adjustment for a newly retired participant will be multiplied by the ratio of the number of months between his retirement date and the effective date of the first adjustment (maximum 12 months) divided by twelve (12).
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Retirement Adjustment. (For members who retired after May 2,1982)No special adjustment will be made to pensions in payment between May and May Between May and May pensions in payment (excluding the bridging supplement) will be increased each year on the anniversary of the pensioner’s retirement date by of the increase in the Consumer Price Index, subject to a maximum increase of No further such adjustment will be made after May Should the introduce a compulsory system this area of private pension plans and which is applicable to Eddy Forest, this pension will be reduced proportionately to the degree it is replaced by the government requirements.
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Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below: Date of the Post-Retirement Adjustment January 1, 2005 January 1, 2007 January 1, 2009 January 1, 2011 January 1, 2013. The pension subject to the increase is the Member’s pension which is payable from the Plan on and after the Date of the Post-Retirement Adjustment. The pension increase shall exclude any temporary bridging supplement. The Pension Increases will be payable on the same form of payment that applies to the member's pension already in the course of payment. For purposes of this section, "Consumer Price Index" means the Canada all-items Consumer Price Index (1992 = 100) as published by Statistics Canada. All retirees retiring on or before September 1, 2021 will receive a one-time adjustment to their lifetime pension. Bridge benefits are not subject to indexation. The pension increase (indexation) would be fixed at 0.2% for all retirees. All retirees will receive the same increase in percentage for the life of their pensions as per plan text. If, by reason of law or guideline established by a Government Body, the Company is required to provide increases in pension for retired employees, the Company will only be required to increase pensions under this section such that the resulting pension equals the greater of:
Sample 1
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Related to Retirement Adjustment

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Subsequent Adjustments In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Budget Adjustments The Grantee shall submit the Budget Adjustment Request [TJJD-FIS-304] to the Department for any adjustment to the original budget. The Grantee must receive written or electronic approval from the Department prior to expending the funds.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Supervisory Differential Adjustment 99. The Appointing Officer may adjust the compensation of a supervisory employee whose schedule of compensation is set herein subject to the following conditions:

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