Amendment Number 17, effective January 1, 2022, to the Canadian Pacific Railway Company Pension Plan (Pension Plan Rules) consolidated as at January 1, 2009

EX-10.4 2 exhibit104q32021.htm EX-10.4 Document

Exhibit 10.4

AMENDMENT NUMBER 17
TO THE CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN
CONSOLIDATED AS AT JANUARY 1, 2009

AMENDMENTS EFFECTIVE JANUARY 1, 2022
1.Clause 8.01(b)(iii) is deleted and replaced with the following:
“(iii)    multiplied by the applicable percentage determined from the following table:

Period of
Pensionable Service
If Member’s last date of hire was before:
then the following percentage is used:
If Member’s last date of hire is on or after:
then the following percentage is used:





TCRC-MWED Service
June 1, 2013
1.80%
June 1, 2013
1.70%
CPPA
June 1, 2013
1.80%
June 1, 2013
1.70%
USW Service
January 1, 2022
1.90%
January 1, 2022
1.70%
IBEW Service
January 1, 2021
1.80%
January 1, 2021
1.70%
Unifor Service
May 1, 2015
1.80%
May 1, 2015
1.70%
TCRC-RTE Service
June 1, 2013
1.80%
June 1, 2013
1.70%
RCTC Service
June 1, 2013
1.80%
June 1, 2013
1.70%
Management Service
June 1, 2013
1.30%
June 1, 2013
1.30%


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2.Delete subparagraph 8.08(a) and replace it with the following:
“(a)    Pension Limit Date, Prior Pension Limit, and Future Pension Limit are the dates and amounts, as applicable, set out in the table below:
123
Period of
Pensionable Service		Pension Limit DatePrior Pension LimitFuture Pension Limit
TCRC-MWED ServiceJune 1, 2013$1,975$1,715
CPPA ServiceJune 1, 2013$1,975$1,715
USW ServiceJanuary 1, 2022$1,975$1,715
IBEW ServiceJanuary 1, 2021$2,075$1,715
Unifor ServiceMay 1, 2015$2,050$1,715
TCRC-RTE ServiceJune 1, 2013$2,200$1,715
RCTC ServiceJune 1, 2013$2,200$1,715
Management ServiceJune 1, 2013$1,975$1,715


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