Deferred Retirement definition

Deferred Retirement means retirement after a Participant's Normal Retirement Date in accordance with Section 2.4.

Deferred Retirement means an Employee’s continued employment after his sixty-fifth (65th) birthday.

Deferred Retirement means the Director has met the eligibility requirements described in Article 2 and has a Separation from Service after his Normal Retirement Age for any reason other than following a Change in Control.

Examples of Deferred Retirement in a sentence

• The FRS was amended in 1998 to add the Deferred Retirement Option Program (DROP) under the defined benefit plan and amended in 2000 to provide a defined contribution plan alternative to the defined benefit plan for FRS members effective July 1, 2002.

• These include a defined-benefit pension plan (Plan), with a Deferred Retirement Option Program (DROP), and a defined-contribution plan, referred to as the FRS Investment Plan (Investment Plan).Employees enrolled in the Plan prior to July 1, 2011, vest at six years of creditable service and employees enrolled in the Plan on or after July 1, 2011, vest at eight years of creditable service.

• These include a defined benefit pension plan (Plan), a Deferred Retirement Option Program (DROP), and a defined contribution plan, referred to as the Public Employee Optional Retirement Program (PEORP).Employees in the Plan vest at six years of service.

• Employees of the Board who enter the Deferred Retirement Option Program (DROP) remain eligible for Sick Leave Bank participation.

• Therefore, such teacher is not eligible to participate in the Deferred Retirement Option Program (DROP) as the DROP requires a teacher to retire from the FRS yet continue to work within the district.

More Definitions of Deferred Retirement

Deferred Retirement means the continued employment of an Active Member after his Normal Retirement Date.

Deferred Retirement means the period beginning with a Participant’s Normal Retirement Date and ending with the date that he or she retires from the Company.

Deferred Retirement means an Employee's continued employment after his sixty-fifth (65th) birthday.

Deferred Retirement means Separation from Service by the Participant after attaining age 70.

Deferred Retirement shall have the same meaning as in the EnergyNorth, Inc. Retirement Plan for Salaried Employees dated January 4, 1984, as amended, restated, or replaced from time to time.

Deferred Retirement means a Termination of Employment after the Participating Executive’s Normal Retirement Date other than by reason of death, Disability, or by the Company for Cause.

Deferred Retirement means retirement, as described in Section 5.3, which occurs after the Participant’s Normal Retirement Date.