Early Retirements Sample Clauses

Early Retirements. Upon completion of an actual early retirement calculation by the Scheme Administrator which generates a Pension Fund strain cost (otherwise known as a capital cost), the Administering Authority will raise an invoice and issue it to the Scheme Employer requesting payment, within 21 calendar days, of the full capital cost owing to the Pension Fund.
Sample 1
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Early Retirements. As BVFF,I want to process pensions for members who retire early,So they can receive their reduced pension Pass/Fail M ☒ Yes ☐ No now. I'll be satisfied when I can: • Process retirement for a member who is eligible based on the following: - Minimum number of payments and years of service - Reduced pension based on rules Business Rules • If member retirement date is before 7.25.99, they are only eligible to retire at age 60, 62, and 65 • Early Retirement Percentages: - 60% at age 60 - 68% at age 61 - 76% at age 62 - 84% at age 63 - 92% at age 64 • 100% at age 65 Req. No. Performance Requirement and Stated Business Need Points Available Priority Bidder’s Compliance Written Response 8.12 Joint Survivor As BVFF,I want to process joint/survivor pensions for members,So they can receive a reduced pension for them and their spouse. I'll be satisfied when I can: • Process a pension for a member who has chosen joint/survivor option • Have the system automatically calculated the reduced pension based on business rules Business Rules: • Member must be active after 7/1/89 to be eligible • Refer to actuarial joint/survivor factors Pass/Fail M ☒ Yes ☐ No
Sample 1
Early Retirements. Upon completion of an early retirement calculation, the Administering Authority will provide to the Employing Authority, within 10 working days, details of the final capital costs to be paid by the Employing Authority to the Fund.
Sample 1
Early Retirements 
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Related to Early Retirements

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Age Early Retirement Age is the later of: (i) the date a Participant attains age ; (ii) the date a Participant reaches the anniversary of the first day of the Plan Year in which the Participant commenced participation in the Plan; or (iii) the date a Participant completes Years of Service. [Note: The Employer should leave blank any of clauses (i), (ii) and (iii) which are not applicable.] If (f)(iii) is selected, “Years of Service” under this Election 34(f)(iii) means (Choose (1) or (2).):

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

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