Normal Retirement Pension definition

Normal Retirement Pension means a Pension payable to a Participant whose Termination occurs on or after his Normal Retirement Date.
Normal Retirement Pension means the Pension payable pursuant to section 3.1.
Normal Retirement Pension means the monthly benefit to which a Participant is entitled under the provisions of Section 4.02, expressed as a single life annuity commencing at the Participant’s Normal Retirement Date.

Examples of Normal Retirement Pension in a sentence

  • A Participant shall be eligible for a Normal Retirement Pension if his employment is terminated on or after his Normal Retirement Age.

  • Except as provided in this Section 3.1, under no circumstances will a Participant or a former Participant be entitled to a Benefit under this Plan unless Participant becomes Vested in his Normal Retirement Pension Benefit.

  • Payment of a Normal Retirement Pension shall commence as of the first day of the month coincident with or immediately following the Participant’s Retirement.

  • As of the effective date of this Agreement, the monthly amount per Year of Credited Service payable as a Normal Retirement Pension (the “Monthly Benefit”) is $572.13.

  • A Participant who is eligible for a Normal Retirement Pension under Section 5.1 or an Early Retirement Pension under Section 5.2 may elect in writing, in accordance with the provisions of Section 7.4, to receive one of the optional forms of benefit described under Section 7.3.


More Definitions of Normal Retirement Pension

Normal Retirement Pension means the pension benefit provided in Section
Normal Retirement Pension means the annuity pension described in Section 6.1 (Normal Retirement Pension).
Normal Retirement Pension means the pension benefit described in Section IV.
Normal Retirement Pension under Schedule A means: two and one-quarter percent (2.25%) of a Participant’s Average Monthly Compensation multiplied by years of full time Credited Service.
Normal Retirement Pension under Schedule C means: two and one-half percent (2.5%) of a Participant’s Average Monthly Compensation multiplied by years of full-time Credited Service.
Normal Retirement Pension means the Pension payable to a Member who satisfies the requirements of Section 4.01.
Normal Retirement Pension means the benefit as provided in ARTICLE V.