Pension Payable on Normal Retirement Sample Clauses

Pension Payable on Normal Retirement. The amount of basic pension benefits payable for an employee who has reached normal retirement date shall be the amount as provided in Section 2, plus basic pension benefit of nine dollars ($9.00) per month per full year of future credited service or proportionate credit to the nearest one-tenth (1/10) of a year as outlined in Section 5. The pension benefit is nine dollars ($9.00) per month for each year of credited service after January 1, 1975, and the pension benefits accrued to each member prior to January 1, 1975, remain uncharged. The pension benefit is:
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Pension Payable on Normal Retirement. The amount of basic pension benefits payable for an employee who has reached normal retirement date shall be the amount as provided in Section Two (2) plus a basic pension benefit calculated in accordance with the following schedule. Period of Credited Service or Proportionate Credit to the nearest one-tenth (1/I0th) of a year as outlined in Section Five (5) January 1, 1974 to December 31, 1979 January 1, 1980 to December 31.1960 January 1, 1961 to December 31; 1981 January 1, 1982 to December 31, 1982 January 1, 1983 to December 31, 1983 January 1, 1984 to December 31, 1984 January 1, 1985 to December 31, 1985 January 1, 1986 to December 31, 1986 January 1, 1987 to December 31, 1987 January 1, 1988 to December 31, 1988 January 1, 1989 to December 3 1, 1989 January 1, 1990 to December 31. 1990 January 1, 1991 to December 31; 1991 January 1, 1992 to December 31, 1992 January 1, 1993 to December 31, 1993 January 1, 1994 to December 31, 1994 January I, 1995 to December 31, 1995 January 1, 1996 to December 31,1996 January 1, 1997 to December 31, 1997 January 1, 1998 to December 31, 1998 January I, 1999 and on

Related to Pension Payable on Normal Retirement

  • 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.

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