Sentences with phrase «pensionable benefits»

The Court also took into consideration that there would be a loss of pensionable benefits for the Plaintiff from the age of 60 to the age of 65.

[67] There is also a loss of pensionable benefits in the five years from age 60 to age 65 when the plaintiff would likely not contribute but could otherwise have been expected to contribute and to retire at that age, but for the accident.

A number of provinces have made proposals to enhance the CPP, involving the increasing of pensionable benefits, financed through higher employee and employer contribution rates.

Not exact matches

Retirement benefits would be 25 per cent of the average pensionable earnings a worker earned in his or her lifetime.

The federal and provincial governments are looking at a possible increase in the $ 55,000 cap on annual maximum pensionable earnings, which would result in both higher premiums and increased pension benefits.

This will lower your average pensionable earnings, which in turn will make your benefit go down.

CPP calculations are based on averaging your contributions and «pensionable earnings» from age 18 until you start taking the benefit.

Worker - Full disability benefit if under pensionable age and permanently and totally disabled.

Because it is aimed at the middle class, the Sheridan plan calls for no changes in either benefits or contribution rates for employees on the first $ 25,500 or so of pensionable earnings.

The bottom line is that at the top end, those with pensionable earnings of $ 102,000, annual benefits would rise from the current $ 12,150 to about $ 23,400.

Currently, the CPP plan pays out about 25 per cent replacement benefits on up to $ 51,100 of pensionable earnings, resulting in a maximum annual benefit of $ 12,150.

income replacement benefits will increase from one - quarter (25 %) to one - third (33 %) of pensionable earnings or from the current maximum of $ 13,110 to approximately $ 27,000 per annum.

The benefits awarded included funeral costs, death benefits and monthly survivor benefits based on a percentage of the deceased's pensionable salary.

His benefits were therefore significantly enhanced, in that he was treated as though he had accrued nearly twenty nine years further pensionable service.

In particular, the majority was concerned that deducting benefits would provide an incentive for employers to dismiss pensionable employees before other employees because of the cost savings.

The first defendant identified three possibilities in respect of the application of s 73 (3)(b) to such a situation: (i) no entitlement to payment of pension or other benefit had arisen at all; (ii) entitlement to payment of the member's Barber window benefits only had arisen; and (iii) entitlement to payment of the whole of his benefits, including his Barber window benefits and benefits in respect of any pensionable service before and after the Barber window, had arisen.

But they never contemplated the situation that had arisen as a result of Barber and Coloroll, with more than one NRD being required where there had been pensionable service both in and outside the Barber window and benefits had accrued by reference to different NRDs.

Had the retention bonuses been considered pensionable, they would have resulted in a pension benefit much higher than the value of the contributions, resulting in a funding deficit.

Thus in the usual form of scheme men were to be treated as having their NRD at age 60, but only in respect of benefits accruing from pensionable service in the Barber window.