TRANSFERS IN. The 1985 group RRSP retirement income plan will be closed to contributions or transfers on and after January 1, 2003. In addition, with effect from January 1, 2003 the group RRSP will be closed to new members. A person who becomes an Employee of the Company may elect to make a single lump sum transfer of monies to the registered pension plan RPP - 2003 from his prior employer if allowed under the applicable rules of the respective plans. The amount transferred to this Plan will be administered in accordance with the rules of this Plan. Such employee will be considered a new hire for purposes of enrollment in the Plan and eligibility for Company contributions.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
