Full Pension definition

Full Pension means the annual amount of a Pensioner’s pension immediately before death, as it would have been but for any commutation or levelling adjustment under rules 4A.9, 5A.9, 6A.9 and 7A.9.
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Full Pension means the amount of ordinary pension admissible including 1/4th of the surrendered portion of the pension.
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Full Pension means a pension payable pursuant to the Scheme to a person who has retired after reaching the Normal Age of Retirement.
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More Definitions of Full Pension

Full Pension means the annual amount of the Pensioner's pension immediately before death as it would have been had the Member not given up pension under Rule 2.6 of these NIPF Section Rules (Cash sum) or surrendered pension under Rule 2.7 of these NIPF Section Rules (Option to surrender pension for Dependant's pension). The confirmation of the Board of Directors as to the amount of the Full Pension will, to the extent necessary and with the consent of the Principal Company, be final.
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Related to Full Pension

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

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