Postponed Retirement Benefit definition

Postponed Retirement Benefit means the benefit payable under Section 5.2(d).
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Postponed Retirement Benefit means the benefits determined in accordance with Section 7.3.
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Postponed Retirement Benefit means the benefit to which a Member would be entitled in the event of his or her retirement after his or her Normal Retirement Date.
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Examples of Postponed Retirement Benefit in a sentence

  • A Participant's Postponed Retirement Benefit under this Plan shall be the same amount that would have been payable had the Participant retired on his Normal Retirement Date.

  • Subject to Article 6 hereof, payment of a Postponed Retirement Benefit shall begin within ninety (90) days of the later of the Retirement Benefit Starting Date or the date application for a Postponed Retirement Benefit is filed with the Board.

  • The otherwise payable Early, Normal, or Postponed Retirement Benefit of any Participant who had previously become entitled to an Early, Normal, or Postponed Retirement Benefit, but whose benefit payments were suspended pursuant to the provisions of Article 4, shall be reduced by the Actuarial Equivalent of any payments previously made to him.

  • Should you decide to retire after you are eligible for Normal Retirement Benefits, the amount of your Postponed Retirement Benefit is actuarially adjusted to take into consideration that payments will probably be made for a shorter period of time than if you had retired at your Normal Retirement Date.

  • At the earliest time a Participant could become entitled to commence receiving payments of an Early, Normal or Postponed Retirement Benefit or of a Deferred Vested Benefit, other than an involuntary lump sum payment under the provisions of Section 10.02, benefits shall commence in the form of a Qualified Joint & Survivor Annuity (which, for a Participant who has no Spouse, includes a single life annuity) unless the Participant elects otherwise pursuant to a Qualified Election.

  • His Estimated Primary Social Security Benefit shall be determined under Title II of the Social Security Act as in effect on the date he became eligible to receive long-term disability benefits, assuming the Participant received compensation at the rate specified in subparagraph (2) until the date that his Normal Retirement Benefit or Postponed Retirement Benefit begins.

  • Such benefit shall be equal to the Normal Retirement Benefit, Postponed Retirement Benefit, Early Retirement Benefit deferred to the Eligible Participant’s Normal Retirement Date or Vested Retirement Benefit deferred to the Eligible Participant’s Normal Retirement Date that would have been provided under the Plan had the Eligible Participant retired on the date of his death.

  • Upon the death of a retired Participant who is either receiving or entitled to receive a Postponed Retirement Benefit in accordance with Section 4.3(a), the surviving Eligible Spouse of such a Participant, if any, shall become entitled to receive an amount equal to 75% of the deceased Participant's Postponed Retirement Benefit, payable monthly to the Eligible Spouse during her lifetime.

  • Upon the Postponed Retirement of a Participant, such Participant becomes entitled to his Postponed Retirement Benefit.

  • For example: Commercial risks may include losing partners/sub-contractors, staff, changes in market or raw materials costs etc.


More Definitions of Postponed Retirement Benefit

Postponed Retirement Benefit means the retirement benefit accrued under Section 5.3 of the Plan.
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Postponed Retirement Benefit means the benefit to which a Participant would be entitled in the event of his or her retirement after his or her Normal Retirement Date, as calculated in accordance with Article 5 and Article 6.
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Postponed Retirement Benefit means the benefit described in Section 4.3.
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Postponed Retirement Benefit means the benefit to which a ---------------------------- Participant would be entitled in the event of his retirement after his Normal Retirement Date, as calculated in accordance with Article 5.
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Related to Postponed Retirement Benefit

  • 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.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

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

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

  • 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.

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

  • 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;

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

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

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Retirement Age means the earlier to occur of:

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

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

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

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

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

  • 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.

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

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

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

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

  • Severance from Service Date means the earlier of:

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.