Treatment of Terminated Vested Participants and Retired Participants Sample Clauses

Treatment of Terminated Vested Participants and Retired Participants. In particular with respect to Vested Participants who Terminated prior to September 1, 2023, but had not Retired as of such date, the City will ensure GMEBS is provided with a listing indicating the amount of each such Terminated Vested Participant's accrued Normal Retirement benefit and Normal Retirement eligibility date. Retirement benefits for said Terminated Vested Participants will be paid based upon said information in accordance with the Retirement benefit payment options (including factors used to determine benefit reductions associated with survivor beneficiaries and/or Early Retirement benefits, and factors used to determine Actuarial Equivalent amounts) available under the GMEBS Master Plan or the City’s pre-GMEBS plan document, as applicable, in effect as of each said Participant’s effective Retirement date. See also subsection 16(c) below regarding treatment of Terminated Vested Participants.
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Related to Treatment of Terminated Vested Participants and Retired Participants

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