Deferred Retirement definition

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

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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

• If an employee is being paid annual leave as a result of entering the Deferred Retirement Option Program (DROP), the maximum payout of annual leave shall not exceed the statutory maximum of 500 hours.

• The Memorandum of Understanding regarding the Deferred Retirement Option Plan (DROP) is attached to and is incorporated by reference as part of this Agreement.

• The Parties agree to establish a Deferred Retirement Option Program (DROP) generally consistent with the principles and structure of the existing program for Fire and Police personnel.

• State Patrol employees hired after January 4, 1979 who are eligible for and elect to enter the Deferred Retirement Option Plan (DROP), shall be paid for all unused compensatory time at the time of entry into the Deferred Retirement Option Plan.

• A non-reappointment, including the non-reappointment of annual contract teachers who have completed the Deferred Retirement Option Program, shall not be construed as a layoff, nor shall a transfer (voluntary or involuntary) or a reassignment.

More Definitions of Deferred Retirement

Deferred Retirement means retirement when a worker or a self-employed worker elects to retire after meeting the requirements for normal retirement. A worker or self- employed worker must have attained or exceeded the age of sixty (60) years and one (1) month and be fully insured to be entitled to deferred retirement as set forth in Paragraph 136(1)(c) of this Chapter prior to March 6, 2017. Effective March 6, 2017 retirees who are on deferred retirement shall be grandfathered and this section shall no longer applied.

Deferred Retirement means retirement, as described in Section 5.3, which occurs after the participant’s normal retirement date.

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

Deferred Retirement means retirement when a worker or a self-employed worker elects to retire after meeting the requirements for normal retirement. A worker or self- employed worker must have attained or exceeded the age of sixty (60) years and one (1) month and be fully insured to be entitled to deferred retirement as set forth in Paragraph 136(1)(c) of this Chapter.

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 Separation from Service by the Participant after attaining age 70.

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