Common use of Past Service Clause in Contracts

Past Service. For participants in the Pension Plan on Decem- ber for Pressmen and for Paperhandlers effective January multiplied by units of six months of continuous service or major fraction thereof after attaining age and for Pressmen and Paperhandlers effective January for six months of continuous service or major fraction thereof while a participant in the Pension Plan after December The total pension calculation to be limited to and years of service with a pension payment of execute any instruments necessary to effect such requests and the Employer and the trustees to the Pension Plan and the Toronto Star Pension Plan to do or cause to be done all which is neces- sary to effect such transfer of assets. Regular situation-holders, priority substitutes and Apprentices who, in accordance with the provisions of this Article, became or will become non-contributory members of the Toronto Star Pension Plan upon of its eligibili- ty requirements have been or will be given credit for past ser- vice as non-contributory members as though they had become members of the Toronto Star Pension upon of its eligibility requirements immediately following attainment of regular, full-time employment status in the case of regular situation-holders, priority substitute sta- tus in the case of priority substitutes and Apprentice status in the case of Apprentices. Nothing herein shall preclude a non-contributory member of the Toronto Star Pension Plan who is governed by this Collective Agreement from becoming a “Late-Start Con- tributory Member” or a “Contributory Member” of the Toron- to Star Pension Plan (as those terms are defined therein), pro- vided that, in either case, the employee applies for such mem- bership and the Employer to deduct normal contri- butions from his/her pay in accordance with the terms of the Toronto Star Plan not later than six months after the date each affected employee is in receipt of written infor- mation detailing his/her cost (including interest) of past service contributions and, with respect to contributory membership, complies with such requirements as the fund- ing of past service contributions as may be agreed upon by the Employer and the employee and accepted by the Trustees of the Toronto Star Pension Plan. For greater certainty it is here- by stipulated and understood that: payments in respect of an employee’s funding of past service contributions shall be made in such number of per week for Pressmen Paperhandlers effective January per week for as may be agreed upon by Employer and the employee, subject to acceptance by the Trustees of the Toronto Star Pension Plan; It is that pension. benefits in accordance with Clause might, in instances, exceed the level of pension benefits which would. otherwise have been under the Toronto Star Pension Plan. To the extent that pension benefits calculated in accordance with Clause hereof exceed pension benefits which would otherwise have been payable under the Toronto Star Pension Plan, such additional pension benefits shall be guar- anteed only for weeks from the commencement of retire- ment. If a member of the Toronto Star Pension Plan governed by this Collective Agreement continues to work beyond the age of years to Clause hereof and dies prior retirement, he/she will be covered by the week guarantee as specified herein. Except such as are required for the purpose of pro- viding pensions, deferred vested pensions and other benefits under the terms of the Pension Plan to members, former members or beneficiaries thereof who are entitled by reasons of retirement, termination of employment or death to receive such pensions or benefits as at the ▇▇▇▇ of the signing of the Collective Agreement covering the period January to December all of the Pen- sion Plan shall be transferred to the Toronto Star Pension Plan as at date and the Union, for itself and on behalf of the governed by the Collective Agreement covering the January to December agrees to

Past Service. For participants in the Pension Plan on Decem- ber for Pressmen and for Paperhandlers effective January multiplied by units of six months of continuous service or major fraction thereof after attaining age and for Pressmen and for Paperhandlers effective January for six months of continuous service or major fraction thereof while a participant in the Pension Plan after December The total pension calculation to be limited to 3 and years of service with a pension payment of execute any instruments necessary to effect such requests and the Employer and the trustees to the Pension Plan and the Toronto Star Pension Plan to do or cause to be done all which is neces- sary to effect such transfer of assets. Regular situation-holders, priority substitutes and Apprentices who, in accordance with the provisions of this Article, became or will become non-contributory members of the Toronto Star Pension Plan upon of its eligibili- ty requirements have been or will be given credit for past ser- vice as non-contributory members as though they had become members of the Toronto Star Pension upon of its eligibility requirements immediately following attainment of regular, full-time employment status in the case of regular situation-holders, priority substitute sta- tus in the case of priority substitutes and Apprentice status in the case of Apprentices. Nothing herein shall preclude a non-contributory member of the Toronto Star Pension Plan who is governed by this Collective Agreement from becoming a “Late-Start Con- tributory Member” or a “Contributory Member” of the Toron- to Star Pension Plan (as those terms are defined therein), pro- vided that, in either case, the employee applies for such mem- bership and the Employer to deduct normal contri- butions from his/her pay in accordance with the terms of the Toronto Star Plan not later than six months after the date each affected employee is in receipt of written infor- mation detailing his/her cost (including interest) of past service contributions and, with respect to contributory membership, complies with such requirements as the fund- ing of past service contributions as may be agreed upon by the Employer and the employee and accepted by the Trustees of the Toronto Star Pension Plan. For greater certainty it is here- by stipulated and understood that: payments in respect of an employee’s funding of past service contributions shall be made in such number of per week for Pressmen Paperhandlers effective January per week for as may be agreed upon by Employer the employer and the employee, subject to acceptance by the Trustees of the The Toronto Star Pension Plan; It is that pension. pension benefits calculated in accordance with Clause clause might, in some instances, exceed the level of pension benefits which would. would otherwise have been under the The Toronto Star Pension Plan. ‘To the extent that pension benefits calculated in accordance with Clause clause hereof exceed the pension benefits which would otherwise have ‘been payable under the Toronto Star Pension Plan, such additional pension benefits shall be guar- anteed guaranteed only for weeks from the commencement of retire- ment. retirement, If a member of the The Toronto Star Pension Plan governed by this Collective Agreement continues to work beyond the age of years pursuant to Clause clause hereof and dies prior retirementto retire- ment, he/she he will be covered by the week guarantee as specified herein. speci- fied Except such as are required for the purpose of pro- viding pensions, deferred vested pensions and other benefits under the terms of the Pension Plan to members, former members or beneficiaries thereof who are entitled by reasons of retirement, termination of employment or death to receive such pensions or benefits as at the ▇▇▇▇ date of the signing of the this Collective Agreement covering the period January to December Agreement, all assets of the Pen- sion Plan shall be transferred to the The Toronto Star Pension Plan as at that date and the Union, for itself and on behalf of the employees governed by this Collective Agreement, agrees to execute any instruments necessary to effect such transfer and requests and the Company and the trustees appoint- ed to administer the Plan and The Toronto Star Pension Plan to do or cause to done which is neces- sary to effect such of assets. Regular situation-holders, substitutes and apprentices who, in accordance with the provisions of this Article, became or will become non-contributory of The Toronto Star Pension Plan upon of its eligibili- ty requirements have been or be given credit for past ser- vice as non-contributory members as though they had become of The Toronto Star Pension Plan upon of eligibility requirements immediately following attainment of regular, full-time employment status in case of regular situation-holders, priority substitute sta- tus in the case of priority substitutes and apprentice status in the case apprentices. Nothing herein preclude a noncontributory member of The Toronto Star Pension who is governed by this Collective Agreement covering from becoming a “Late-Start Con- tributory Member” or a Member” of The Toron- to Star Pension Plan (as those terms are defined therein), pro- vided that, in either case, the January employee applies for such mem- bership and the Company to December agrees tonormal contri- butions from his in accordance with the terms of The Toronto Star Pension Plan not later than six months after the date each affected employee is in receipt of written infor- mation his cost (including interest) of funding past service contributions and, with respect to contributory mem- bership, complies with such requirements as to the funding of past service contributions as may be agreed upon by the Com- pany and the and accepted by the Trustees of The Toronto Star Pension Plan. For greater certainty it is hereby stipulated and that: