Early retirement allowance definition

Early retirement allowance means the periodic payment becoming
Early retirement allowance means the Retirement Allowances payable pursuant to Article II, A(3) of the PM Retirement Plan.
Early retirement allowance means the SERP retirement benefits payable under Section 4.3 to a Participant who retires prior to attaining Normal Retirement Age.

Examples of Early retirement allowance in a sentence

  • Heads of State and Government at the European Summit, in March 2007, set an ambitious 25% target for reducing the burden of administration that falls on companies as a result of legislation originating at EU level by 2012.

  • Early retirement allowance.* * *(3) Upon early retirement, a group Group D member shall receive an early retirement allowance which that shall be equal to the normal retirement allowance reduced by one-quarter of one percent for each month the member is under age 62 the member’s normal retirement date at the time of earlyretirement.

  • Early retirement allowance shall be calculated in the same manner as the Xxxx-0000 XXXX bargaining unit member’s normal retirement allowance and then reduced by four percent (4%) for each year the bargaining unit member retires short of age sixty-two (62), with prorations for fractions of a year.


More Definitions of Early retirement allowance

Early retirement allowance means the periodic payment becoming payable upon an active member's ceasing to be an employee while eligible for early retirement.
Early retirement allowance means the benefit described in Section 3.02.
Early retirement allowance means the periodic payment becoming payable to a member who meets all applicable eligibility requirements for early retirement.
Early retirement allowance means the periodic payment becoming payable upon an active member's ceasing to be an employee while eligible a member who meets all applicable eligibility requirements for early retire- ment.
Early retirement allowance means the Supplemental Retirement Allowance that is payable to an Active Participant who retires before attaining Normal Retirement Age, but after attaining age 55 with fifteen (15) or more years of Creditable Service, or after attaining an age that, when added to his Creditable Service, totals at least 85 years.

Related to Early retirement allowance

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Disability allowance means monthly payments during

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Retirement Age means the earlier to occur of:

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Termination Benefit means the benefit set forth in Article 7.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Disability retirement for plan 1 members, means the period

  • Normal Retirement Age means the Executive's 65th birthday.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;