GENERAL INFORMATION
WELFARE PLAN
PENSION PLAN
  RETIREMENT DATES
  CREDITED SERVICE
  AMOUNT OF PENSION
  PENSION BENEFITS AT OR AFTER DEATH OF A RETIRED MEMBER
  ADDITIONAL SUPPLEMENTARY BENEFIT
  APPLICATION FOR, AND PAYMENT OF, PENSION
  BREAK IN SERVICE
  NO BREAK IN SERVICE ARRANGEMENT
  DEATH BENEFITS BEFORE RETIREMENT
  TERMINATION BENEFITS
  EMPLOYMENT OF
A PENSIONER
 

DESIGNATION OF
A BENEFICIARY

  GENERAL PROVISIONS
  PENSION PLAN EXCLUDED FROM GROW-IN BENEFITS
  TERMINATION OF PENSION COVERAGE
  GOVERNANCE OF PENSION PLAN AND PENSION FUND
MEMBER BENEFIT BOOKLET
 

 

WELFARE AND PENSION PLANS

Pension Plan

CREDITED SERVICE

The amount of your pension depends on your Credited Service which is determined as follows:

(a)        Credited Past Service (service before October 1, 1962)
 
If you were eligible for employment within the terms of the Canadian Standard Agreement when the Plan was established and you were active on September 30, 1978, you receive credit for service from the date of your last initiation into the International Union of Elevator Constructors up to October 1, 1962.

(b)        Credited Future Service (service after October 1, 1962)

You receive credit for each hour you work after October 1, 1962 for which contributions are made to the Plan on your behalf.

If you are in receipt of Workers’ Compensation benefits, Weekly Indemnity, Long Term Disability, Employment Insurance sickness or disability benefits, or Canada/Quebec Pension Plan Disability benefits, you will be credited with service of 32 hours per week.

Note:    All references to "years of Credited Service" refer to continuous years from the date of your last enrolment in the Plan as a participating member to the relevant date, e.g. your date of retirement.  If your Credited Service is not continuous due to a Break in Service (see Section 7 of the Member Benefit Booklet), your entitlements under the Plan may be affected.



 

   

READ CAREFULLY, BUT REMEMBER…

This is a general outline of the Plans and its purpose is to explain as briefly and clearly as possible each of the benefits to which you are entitled. The benefits outlined under the Plans are subject to the terms and conditions of the Plan documents and Group Master Policies. If there is any conflict between this outline and the Plan documents and Group Master Policies, the Plan documents and Group Master Policies will apply in all cases. Also remember that no benefits are guaranteed and that the benefits can be changed by the Trustees at any time.

 
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