Examples of Retirement Age in a sentence
Distributions after Termination of Employment for reasons other than death shall commence (Section 7.02):[ ] Immediate [ ] End of Plan Year [ ] Normal Retirement Age [ ] Other3b.
The participation in the plan developed as follows: 31 December 2021Active Participants accruing benefits Number128 051Annual remuneration (in millions)$12 775Average remuneration$99 763 Inactive Participants no longer accruing benefits Number9 210Annual benefits payable at Normal Retirement Age (in millions)$91Average benefit payable at Normal Retirement Age$9 921 Retired Participants and beneficiaries Number82 312Annual benefits (in millions)$2 662Average benefit$32 342 19.
Involuntary cash-out of a terminated Participant's Account balance when it exceeds the cash-out amount specified in E.8 is deferred under Section 7.03(b) until:[ ] Later of age 62 or Normal Retirement Age [ ] Required Beginning Date - allow lump sum and installments [ ] Required Beginning Date - allow lump sum only10a.
For the purposes of (b) and (c) above, the Administrator shall have the power to utilise a Member’s assets in the Plan, upon that Member reaching Retirement Age, to purchase a guaranteed product from a suitably licensed annuity provider to secure benefits payable to that Member under the Plan.
If E.1a is "Age and Plan Participation", anniversary of participation for Normal Retirement Age (may not be more than "fifth" if subject to ERISA):1d.