Common use of Bridge Benefit Clause in Contracts

Bridge Benefit. Effective Date of Ratification, $26.00 per month per year of service payable from the early retirement date to age sixty-five (65) or death, if earlier. Bridge Benefit payable when employee selects early retirement after becoming eligible (sixty (60) years of age and ten (10) or more years of service). Benefit payable monthly from the early retirement date to age sixty-five (65) or death, if earlier.

Bridge Benefit. Effective Date of Ratification, $26.00 per month per year of service payable from the early retirement date to age sixty-five (65) or death, if earlier. Bridge Benefit payable when employee selects early retirement after becoming eligible (sixty (60) years of age and ten (10) or more years of service). Benefit payable monthly from the early retirement date to age sixty-five (65) or death, if earlier.