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National Hockey League Collective Bargaining Agreement -1993-2004
Article 21
Pension Plan


21.1.    General.

     The NHL Club Pension Plan and Trust, as set forth in the
Fourth Restated Agreement, dated December 8, 1987, and as amended
by the eight amendments thereto dated March 3, 1989, June 30,
1989, February 21, 1990, June 28, 1990, December 18, 1990,
December 30, 1992, January 11, 1993 and December 17, 1993,
respectively (collectively the "Pension Plan"), shall be amended
to the extent necessary so as to provide the benefits set forth
in this Article 21.  The NHL agrees that at all times at least
one-half of the trustees comprising the board of trustees that
acts as the administrator of the National Hockey League Club
Pension Plan and Trust shall be appointed by the NHLPA from among
its active members or their designated representatives.  The NHL
will appoint the remaining trustees.

21.2.    Basic Plan Benefits.

     (a) Each player entitled to a full credited year of service
for the 1993/94 playing season and thereafter shall have
allocated and credited to an account established in his name, for
his sole benefit, the following:

                  (i) for players who have received credit for
less than 400 games played, the amount of $8,000 CDN per year;
and

                 (ii) for players who have received credit for
400 games played or more, the amount of $12,500 CDN per year.

A player who plays 84 games in the 1993/94 playing season or 82
games in any playing season thereafter (with games for which a
player is dressed and available to play, and games not played
because of illness or injury or because the player has been
temporarily assigned to a club in the Minors solely for
conditioning purposes following an injury or illness, in each
case counting as games credited for this purpose) shall be
entitled to a full credited year of service and full allocation
of contributions for the applicable playing season.  A player
playing less than 84 games in the 1993/94 playing season, or less
than 82 games in any playing season thereafter (with games for
which a player is dressed and available to play, and games not
played because of illness or injury or because the player has
been temporarily assigned to a club in the Minors solely for
conditioning purposes following an injury or illness, in each
case counting as games credited for this purpose) shall have
credited to his account a proportionately reduced amount for the
applicable playing season determined by the ratio that the number
of games credited bears to 84 for the 1993/94 playing season, or
by the ratio that the number of games credited bears to 82 for
each applicable playing season thereafter.  Subject to Sections
21.2(b) and 21.4, the Clubs will make the contributions and
allocations called for above.

     (b) The NHLPA shall be obligated to contribute one-fourth of
the above-specified amounts from the NHLPA's share of the
proceeds from international hockey, to the extent that the
NHLPA's proceeds are sufficient to satisfy this obligation.  In
the event that the principal amount of the proceeds, not
including any interest thereon, is insufficient in any year to
meet this obligation, any deficiency shall be paid by the Clubs,
provided that such deficiency shall be repaid to the Clubs out of
future proceeds during the term of this Agreement.  To the extent
that any deficiency remains unpaid on the date of termination of
this Agreement, it shall be cancelled and the NHLPA shall have no
obligation to repay or to provide for the repayment of any such
remaining deficiency.

     (c) The amounts credited to the players' accounts shall
continue to be invested in a manner determined by the Plan
trustees and, after provision for reasonable administrative
expenses, there shall be credited to each player's account his
proportionate share of all income, gains and losses resulting
from such investment.

     (d) Additional terms and provisions applicable to the
contributions and benefits described in this Section 21.2 shall
be set forth in the Pension Plan.

21.3.    Senior Player Benefits.

     (a) In addition to the benefits provided in Sections 21.1
and 21.2, the additional benefit plan for senior players (set
forth in the Pension Plan) shall be continued.  The amounts
contributed under such additional benefit for a senior player
are, assuming a 10 percent annual return, projected to grow to a
value of $250,000 CDN by the time the player reaches age 55.  It
is recognized and understood that this provision shall not be
deemed to be a guaranty that a player shall receive $250,000 CDN,
rather such figure is an actuarial estimate based upon the
assumptions referred to, and that the actual amount may vary
based upon investment returns realized on such amounts.

     (b) Additional terms and provisions applicable to the
contributions and benefits described in this Section 21.3 shall
be set forth in the Pension Plan.  The Clubs agree that they will
make the contributions and allocations necessary to provide the
benefits as set forth therein.

21.4.    Disabled Players.

     A player under contract who is permanently disabled and
unable to perform his duties as a hockey player by reason of an
injury sustained during the course of his employment as a hockey
player, including travel with his team or on business requested
by his Club, and as a result is compelled to retire prematurely
from the League and who is entitled to benefits that had vested
under the Pension Plan or plans described in this Article 21
hereof shall be entitled to have additional contributions made on
his behalf in accordance with Section 21.2 until such
contributions, together with contributions previously made on his
behalf, would represent contributions for five (5) playing
seasons in the aggregate.  The funds to provide such additional
contributions shall be paid from the National Hockey League
Players Emergency Fund.  Any disagreement as to disability or
inability to perform shall be determined conclusively by doctors
of the Club and of the player, and, in the event said doctors are
unable to agree, by an independent doctor selected by said
doctors.

21.5.    Benefits Under Prior CBAs or Pension Plans.

     The Pension Plan shall continue to provide for each player
entitled to a full credited year through completion of the
1992-93 playing season all of the benefits set forth in Section
13.01 of the Collective Bargaining Agreement dated June 1, 1988,
as amended by the Memorandum of Understanding dated January 21,
1993, (i) in the case of players with service through the 1985-86
playing season, through the purchase of annuity contracts issued
by Manufacturers Life Insurance Company providing for the payment
of annuities to each player entitled to such benefits, and (ii)
in the case of players with service after the 1985-86 playing
season through the 1992-93 playing season, through the
contributions specified in the applicable Collective Bargaining
Agreement or Pension Plan.

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