Actuary
A person who is a Fellow of the Canadian Institute of Actuaries or a firm employing such a person, who is appointed by the Trustees as actuary of the Plan

Beneficiary
The person or entity you designate to receive your pension payments in the event of your death.

Commuted Value
The lump sum present value of your accrued pension as determined by an actuary. It is the amount of money required to be set aside to pay for a pension benefit in the future

Credited Interest
Equals the five year moving average of the rate of return earned by the assets of the Plan allocated to the Tober Enterprises Division

Credited Service
The total years of service used to calculate your pension benefit.

Current Service
The total years of credited service earned after your group's entry into the Plan

Deemed Earnings
The earnings reported on your behalf by Tober Enterprises while you are in receipt of wage loss benefits which are based on your average earnings for the 13 week period preceding your disability.

Earnings
Total compensation paid to you by Tober Enterprises and reported as earnings on your T4 form excluding any taxable benefits

Employee Contribution Account
The accumulated balance of your contributions to the Plan, including credited interest.

Group Entry Date
The date on which contributions to the Plan were first made by a participating employer or a Union local on your behalf. If you were a member of the former Retail Meat Industry Pension Plan, your Group Entry Date can be no earlier than January 1, 1963. If you were a member of the former Retail Clerks Industry Pension Plan, your Group Entry Date can be no earlier than January 1, 1970. Any service you had with an employer before your Group Entry Date may be eligible for Past Service, in which case you should contact the Plan Administrator.

Joint Pensioner
Your spouse at the date of your retirement

Life Annuity
A pension you buy from a life insurance company that is guaranteed for your lifetime

Locked-In
Your required employee contributions cannot be withdrawn as cash; the contributions must eventually be used, along with the company's contributions, to provide a lifetime pension

Normal Retirement Date
The last day of the month in which you turn age 65

Past Service
The total years of credited service earned before your group's entry into the Plan

Pension Benefits Standards Act (PBSA)
The provincial legislation regulating the terms and the operations of this Plan

Plan Year
The calendar year ending on December 31st

Spouse
The person at your date of retirement (or at your date of death if you die before retiring) to whom you are legally married and with whom you are living, or the person with whom you have been living in a marriage like relationship for a period of at least two years

Terminated Vested Plan Member
A member who has left employment covered by the Plan and who has not transferred the commuted value of their benefit out of the Plan

Totally and Permanently Disabled
Inability to work in any occupation for which you would be reasonably fitted by education, training or experience because of a medically determined impairment that is expected to be of long, continued and indefinite duration

Union
Is the UFCW Local 1518 and the UFCW Local 2000

Vested
You are entitled to the pension you have earned as calculated by the terms of the Plan

Wage loss benefits
Benefits you receive while absent from your employment including weekly indemnity, long term disability, Employment Insurance sickness, parental or maternity, and Workers' Compensation wage loss.