PRE-RETIREMENT definition

PRE-RETIREMENT means the voluntary or involuntary termination of service by a Participant prior to his Retirement Date.
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Examples of PRE-RETIREMENT in a sentence

  • PRE-RETIREMENT PLANNING SEMINAR 228 Subject to development, availability and scheduling by SFERS and PERS, employees shall be allowed not more than one day during the life of this MOU to attend a pre- retirement planning seminar sponsored by SFERS or PERS.

  • PHASED PRE-RETIREMENT (end date coincides with retirement date indicated in part B) OR PHASED POST-RETIREMENT (start date coincides with retirement date indicated in part B) TO Start Date End Date SIGNATURE INDICATES ACKNOWLEDGMENT: NAME OF DEPARTMENT CHAIR OR SUPERVISOR SIGNATURE OF DEPARTMENT CHAIR OR SUPERVISOR DATE FORWARD TO THE ▇▇▇▇ OR VICE-PRESIDENT FOR SIGNATURE.

  • The resulting proportion shall be multiplied by the estimated monthly stop-loss limit for PRERETIREMENT INSURANCE.

  • The product shall be accumulated for all twelve months in the POLICY YEAR and shall be defined as the "POLICY YEAR stop-loss limit for PRERETIREMENT INSURANCE." Monthly, the POSTRETIREMENT INSURANCE in force shall be divided by the POSTRETIREMENT INSURANCE in force used in determining the estimated monthly stop-loss limit for POSTRETIREMENT INSURANCE.

  • QUALIFIED JOINT AND SURVIVOR ANNUITY" AND/OR "QUALIFIED PRERETIREMENT SURVIVOR ANNUITY" RIGHTS.

  • PRE-RETIREMENT SEMINARS 217 Employees must provide at least two-weeks advance notice of their desire to attend a retirement planning seminar to the appropriate supervisor.

  • PRE-RETIREMENT OPTION Members of the faculty with five (5) years or more of service with the College become eligible to select a pre-retirement option in the academic year during which they become sixty (60) years of age.

  • The annual experience calculation shall be performed separately for the active EMPLOYEES (PRERETIREMENT INSURANCE only), RETIRED EMPLOYEES (including both PRERETIREMENT INSURANCE and POSTRETIREMENT INSURANCE), EMPLOYER AVIATION AD&D INSURANCE and spouse and dependent insurance.

  • PRERETIREMENT INSURANCE means the insurance coverage provided to an insured EMPLOYEE before he or she attains the INSURANCE REDUCTION AGE.

  • On the active employee PRERETIREMENT INSURANCE, and spouse and dependent insurance plans, premiums in excess of charges are held in a stabilization reserve.

Related to PRE-RETIREMENT

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

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • 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.