Small Benefits

8.04 - If a pension benefit is less than 2% of the Y.M.P.E. per annum in the year of the Participant’s retirement, termination or death, or such other amount prescribed by the Pension Benefits Act, and subject to any other limits prescribed by applicable provincial pension legislation as outlined in Section 7.10, the pension benefit may be paid in a single lump sum cash payment in accordance with Section 7.10.