Life Only. You may choose to receive a pension payable for your lifetime only. This amount of pension is greater than the normal form of pension because benefits are paid for your lifetime only, and are not guaranteed over a period of time. You may choose to receive a pension payable for your lifetime, with guarantee that 60 monthly payments are paid. This amount of pension is greater that the normal form of pension because benefits are guaranteed for a shorter period of time.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement