Early Retirement Benefits definition

Early Retirement Benefits early retirement benefits shall have the meaning set forth in the pension plan which defines the age at which full, unreduced benefits are available without any early retirement reduction being applied
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Early Retirement Benefits means benefits granted to Participants in accordance with Article III of this Plan.
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Early Retirement Benefits payable (x) in the Normal Form commencing at the Normal Retirement Date or (y) to the extent so elected by the Executive, in any other form permitted under Section 2.4 and commencing at such other time as may be permitted under Section 5.2 below, subject to such adjustment as may be provided under Section 5.2 below.
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Examples of Early Retirement Benefits in a sentence

  • Early Retirement Benefits: The College has adopted a policy providing early retirement benefit options.

  • There are two kinds of Early Retirement Benefits: Early Retirement and Reduced Early Retirement.

  • The Early Retirement Benefits package is explained in the 1999-2000 negotiated agreement which will be kept on file in the District Superintendent's Office.

  • The Unused Sick Leave and Early Retirement Benefits Plan of the Des Moines Independent Community School District may be approved on an annual basis by the Board of Directors of the Des Moines Independent Community School District.

  • The first payment of Normal or Early Retirement Benefits may be made on the date a Beneficiary first becomes entitled to the retirement benefit.

  • Section 2.5.10 provides for the suspension of benefit payments if the Participant earns Hours of Service after Normal or Early Retirement Benefits have commenced.

  • Early Retirement Benefits – The amount paid will be determined by subtracting the base of the employee’s salary schedule from the employee’s base salary for the year in which application for early retirement is made.

  • Employees who are eligible for the Early Retirement Benefits Program shall receive the same District benefits (health, dental, vision, and life) as full-time (1.0 FTE) employees, except that employees receiving pro-rated benefits at the time of retirement shall receive the same level of pro-rated benefits for the early retirees benefit plans under thissection.

  • If a member of Plan A, Plan B, Plan L, or Plan Y retires without electing a retirement benefit option among Option 1, Option 2 and Option 3, the member shall receive retirement benefits without actuarial reduction except for early retirement under § 22-303 (Optional Early Retirement Benefits).

  • For Tier One, the minimum monthly benefit is $150 minus any age and beneficiary option reductions.Vested and Reduced Early Retirement Benefits 5 years of actual service, and leaving System-covered employment before full retirement age.


More Definitions of Early Retirement Benefits

Early Retirement Benefits means the benefits that will be paid to an Executive Officer who retires from the Company under the provisions of this Supplemental Plan.
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Early Retirement Benefits means any benefits payable (or prospectively or contingently payable) to an Exiting Employee who is or was at any time a member of a pension scheme (whether in the form of a pension or lump sum, but excluding invalidity or survivors’ benefits) before his or her normal retirement, whether from active or deferred status; and
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Early Retirement Benefits means benefits accrued by Participants in accordance with Article V of the Plan.
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Early Retirement Benefits are payable if the Director has five years of service and has reached age 55.
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Related to Early Retirement Benefits

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

  • 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;

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

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

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

  • 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.

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

  • 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.

  • 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.

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

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

  • Termination Benefits means the benefits described in Section 4.1(b).

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

  • Employment benefits means all benefits provided or made

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

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

  • Retirement Age means the earlier to occur of:

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • 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.

  • Disability retirement for plan 1 members, means the period

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Change in Control Benefits means the following benefits:

  • Disability Benefit means the benefit set forth in Article 8.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.