Page: 148
Normal Retirement Pension
- In respect of service prior to May 3, 1971, the amount shown opposite the member’s name in Schedule A of the Plan
PLUS
- In respect of service from May 3, 1971 to June 30, 1995, 50% of aggregate member contributions made during the period
PLUS
- In respect of service from January 1, 1987 to June 30, 1995, 50% of additional member contributions that are deemed to have been made during that period if the CPP offset applicable to the member’s contribution formula remained at 1.8%
PLUS
- In respect of service from July 1, 1995 to February 28, 1997, for each year 1.25% of the first $10,000 of Annual Plan Compensation plus 1.50% of the next $25,000 plus 2.00% of any excess
PLUS
- In respect of service from March 1, 1997 to December 31, 1997, for each year 1.20% of the first $35,000 of Annual Plan Compensation plus 2.00% of any excess
PLUS
- In respect of service from January 1, 1988 to December 31, 1999, for each year 2.00% of Annual Plan Compensation
Effective January 1, 1998 the plan was amended to upgrade benefits earned in the period from January 1, 1992 to December 31, 1997 under paragraphs b, c, d and e above using 1997 Annual Plan Compensation.