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.