Deferred Vested Pension definition

Deferred Vested Pension means the Pension payable pursuant to Section 3.2.

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Deferred Vested Pension means a Pension earned by a Terminated Participant who was under the age of 55 at the time of his Termination but who had completed at least 10 years of Credited Service prior to his Termination (seven and one-half (7 ½) years of Credited Service for Eligible Employees who were Employees on or after January 1, 1998).

Deferred Vested Pension means the type of Pension described in Section 5.4.

Examples of Deferred Vested Pension in a sentence

Employees who terminate with eligibility for a Deferred Vested Pension and have at least two hundred fifty hours of Sick Leave in their Bank will also receive Credited Service in their Basic Pension Plan calculation.
The Deferred Vested Pension of an employee will be established on the basis of service credited to the last day of active employment, and shall be calculated in the amount of seventy two dollars ($72.00) per annum for each year of Credited Service.
At the end of such Leave, associates may return to work or may retire, if otherwise eligible, under the Deferred Vested Pension provision of Exhibit A.
Employees who terminate with eligibility for a Deferred Vested Pension and have at least two hundred and fifty (250) hours of sick leave in their bank will also receive Credited Service in their Basic Pension Plan calculation.
Service is used to determine vesting and an employee’s eligibility for early, normal, postponed, and disability retirement, or for Deferred Vested Pension benefits.

More Definitions of Deferred Vested Pension

Deferred Vested Pension means a Pension described in Section 4.6-J.

Deferred Vested Pension means, with respect to a Participant, the benefit described in Article VIII of the Plan.

Deferred Vested Pension means the payments under the Plan to an Employee who is eligible by reason of age and Vesting Service, pursuant to Section 5 of Article IV of this Appendix T and Section 3 of Article V of this Appendix T.

Deferred Vested Pension means the benefit provided under Section 7.

Deferred Vested Pension means the monthly benefit for life payable under the Pension Plan to a Participant whose employment terminates before he is eligible for an Early Retirement Pension or Normal Retirement Pension and who has a vested entitlement to benefits under the Pension Plan. Such monthly benefit shall be calculated as of the first day of the month on which the Participant would first be entitled to a monthly Deferred Vested Benefit for life under the Pension Plan.

Deferred Vested Pension means the monthly pension benefit described in Subsection 3.3(d).

Deferred Vested Pension means that pension benefit to which a Member may be entitled under Article 10 hereof.