Eligibility

Upon application and retirement, an Employee or former Employee will be eligible for a Vested Pension if he or she meets both of the following requirements:

  1. He or she has attained vested status (see page 16); and
  1. He or she has attained age 65.

The Vested Pension is payable to individuals who are vested, but do not meet the service requirements for the Regular Pension or the Early Retirement Pension.

Pension Amount

The amount of Vested Pension will be calculated in the same way as the Regular Pension (see pages 9-15). Remember Years of Vesting Service establish your vested status, and your right to a Vested Pension. The amount of your pension will be based on your accumulated years of Pension Credit.