Minimum Retirement Age Sample Clauses
The Minimum Retirement Age clause sets the earliest age at which an individual is eligible to retire and begin receiving retirement benefits under a plan or agreement. Typically, this clause specifies a particular age—such as 55 or 65—before which retirement benefits cannot be accessed, regardless of years of service or other factors. By establishing a clear threshold, the clause ensures consistency in benefit administration and helps manage the financial sustainability of retirement plans by preventing early, unplanned withdrawals.
Minimum Retirement Age. Effective for employees hired after January 1, 2008, the minimum retirement age for employees in miscellaneous Retirement Plan Tier III will be adjusted from fifty (50) to fifty-five (55) with the appropriate requirements.
Minimum Retirement Age. The minimum retirement age for employees in miscellaneous Retirement Tier III is fifty (50), with the appropriate requirements. Employees hired on or after July 1, 2009 and eligible for retirement benefits will be in Retirement Tier III A, which has a minimum retirement age of fifty-five (55) with the appropriate requirements. Employees hired after January 1, 2012 and eligible for retirement benefits will be in Retirement Tier IV, which has a minimum retirement age of fifty-five (55) with the appropriate requirements.
Minimum Retirement Age. Effective July 4, 2004, the minimum retirement age for employees in miscellaneous Tiers II and III will be adjusted from 55 to 50 with the appropriate requirements.
Minimum Retirement Age. There is no minimum retirement age. For information regarding the Municipal Pension Plan, information is available from the Pension Corporation of B.C.