Early Retirement Reduction Factor definition

Early Retirement Reduction Factor means the factor under the Qualified Salaried Plan applicable to the Participant’s Benefit Commencement Date hereunder.

Early Retirement Reduction Factor means the percentage that appears adjacent to the Participant's age below determined under the appropriate column.

Early Retirement Reduction Factor means the factor applied to the benefit payable under the Qualified Plan reducing the benefit for early retirement.

Examples of Early Retirement Reduction Factor in a sentence

• The Executive’s Retirement Benefit under 3.02, 3.03 or 3.04 (as appropriate) determined on the actual date the Executive retires, reduced by the Early Retirement Reduction Factor.

• In other words, your deferred benefit is calculated just like an Early Retirement benefit, but with the Early Retirement Reduction Factor based on your later age.

• However, he remains eligible to collect his reduced retirement benefit, calculated by reducing his Normal Pension at age 65 by 72.0%, after application of the Early Retirement Reduction Factor at age 52 of .280 = $280.

• Your monthly benefit will be equal to 2.25% of your Final Wages times your years and months of Credited Service at your date of termination, times the Early Retirement Reduction Factor based on your age when you start receiving your benefits.

• Fortis Early Retirement Reduction Factor (Fortis ERF) = a reduction of 1/360 for each month between your 55th and 60th birthdays, and 1/180 for each month that you receive benefits between your 60th and 65th birthdays.

More Definitions of Early Retirement Reduction Factor

Early Retirement Reduction Factor means one hundred percent (100%) minus the sum of five ninths (5/9) of one percentage point (1%) for each of the first sixty (60) months by which the benefit commencement date precedes the first day of the month coincident with or next following the Participant’s sixty-fifth (65) birthday, and (ii) five eighteenths (5/18) of one percentage point (1%) for each additional month by which the benefit commencement date precedes the first day of the month coincident with or next following the Participant’s sixty-fifth (65) birthday.

Early Retirement Reduction Factor means for Partici- pants between the ages of 50 and 60 the percentage that appears adjacent to his age below:

Early Retirement Reduction Factor means the factor in the Qualified Plan on December 31, 1988 used to reduce a benefit for early retirement.

Early Retirement Reduction Factor means the factor or percentage under the Entergy Retirement Plan, as from time to time amended, by which the benefit payable to a participant under the Entergy Retirement Plan shall be reduced for each month the Participant’s Early Retirement Income Payment Date precedes his Normal Retirement Income Payment Date.

Early Retirement Reduction Factor means one of the following: (a) in the case of a Participant who is a Senior Vice-President, 5% for each year (or portion of a year) by which a Participant’s Early Retirement Date precedes his or her Normal Retirement Date; and (b) in the case of any Participant who is not a Senior Vice-President, 3% for each year (or portion of a year) by which a Participant’s Early Retirement Date precedes his or her Normal Retirement Date. The Committee may, in its sole discretion, determine the appropriate Early Retirement Reduction Factor for any Participant whose title changes while a Participant in the Plan.

Early Retirement Reduction Factor means, except as provided in Appendix A, 5% for each year (or portion of a year), if any, by which (a) (i) the first day of the month coincident with or next following a Participant’s Permanent and Total Disability or (ii) the first day of the month coincident with or next following the a Participant’s Termination of Employment, as the case may be, (b) precedes his or her Normal Retirement Date. Notwithstanding the foregoing, the Early Retirement Reduction Factor shall in no event produce a benefit that is less than the Normal Retirement Benefit reduced by the Actuarial Equivalent Factor.

Early Retirement Reduction Factor means the factor or percentage under Section 6.3 of the Entergy Retirement Plan, as from time to time amended, by which the Benefit Base of a participant under the Entergy Retirement Plan shall be reduced for each month the Participant's Early Retirement Income Commencement Date precedes his Normal Retirement Date.