Monthly Early Retirement Benefit definition

Monthly Early Retirement Benefit means, for any Participant, the amount of Benefits payable to such Participant pursuant to Section 3.2(a).
Sample 1Sample 2Sample 3

Examples of Monthly Early Retirement Benefit in a sentence

  • Adjustment Percentage for Age 60 Retirement=67%Your Annual Early Retirement Benefit at Age 60= $2,093.75Your Monthly Early Retirement Benefit at Age 60= $174.48 APPENDIX CMEBTEL, INC (MEBTEL COMMUNICATIONS)NON-BARGAINING EMPLOYEES DELAYED RETIREMENT If you work beyond your Normal Retirement Date, you will begin receiving your benefit on your Delayed Retirement Date.

  • The Company shall begin payment of the Monthly Early Retirement Benefit to the Executive on the first (1st) day of the month following the month in which Executive attains his Normal Retirement Date.

  • Adjustment Percentage for Retirement at Age 60=67%Your Monthly Early Retirement Benefit at Age 60= $129.26 Example is shown solely in order to illustrate how the benefit formula works.

  • The Company shall continue to pay the Monthly Early Retirement Benefit during the Executive's lifetime or until a total of Two Hundred Forty (240) payments have been made, which ever is longer.

  • Monthly Early Retirement Benefit will be$1,200.00 less $144.00, or$ 1,056.00Note: As in the case of normal retirement, if you are married and do not elect otherwise, your Early Retirement Benefit will be reduced and paid in the form of a Joint And 50% Survivor Annuity as explained in Section 14.

  • This approach bears no resemblance to Chevron, and it allows an agency to im- pose requirements in contravention of the legislative mandate granted to Congress under Article I of the Constitution.

  • Monthly Early Retirement Benefit Payable at Age 57(iii) x (iv) = ($1,620.00 x .82) $1,328.40 Late Retirement BenefitIf you keep working for the Employer after your Normal Retirement Age, you will continue to accrue benefits under the Plan and will receive a Late Retirement Benefit, as described below.

  • Monthly Early Retirement Benefit (item A1 times Item A4)$1,822.43$1,822.43 per month would commence immediately for the month following early retirement and be payable for life.

  • Monthly Early Retirement Benefit payments shall begin as of the Retired Participant's Early Retirement Date.

  • PG&E will make the loan funds available to the Customer when the performance guarantee between the customer and their developer is executed.

Related to Monthly Early Retirement Benefit

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

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

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

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

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

  • 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;

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

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

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

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

  • 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.

  • 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).

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • 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.

  • Actuarial equivalent means a benefit of equal value when

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

  • Retirement Age means the earlier to occur of:

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

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

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

  • 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.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

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