| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
pension |
definition |
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Summary:
At issue, severance pay reinvested into the pension plan. We agree with the Umpire that the type of investment chosen by the claimant cannot alter the nature of the amount paid and transform a severance pay into a pension.
Even if the pension for early retirement could only be paid at the age 55 at Petro-Canada, the claimant's case constituted an exception to the rule. Held that the amount of $2 011. which is paid to him on a monthly basis since the age of 51 is a true retirement pension. Maintained by the FC.
