Retirement Commencement Date definition

Retirement Commencement Date means the first day of the first period for which a Member's retirement benefits are paid as an annuity or in any other form, regardless of the actual date of payment.
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Examples of Retirement Commencement Date in a sentence

  • If a teacher who has elected Option A or Option B ceases to be employed by the District before the Retirement Commencement Date for any reason other than normal summer inactive status, death or disability, the teacher’s election to participate in the Program shall become ineffective and the District’s obligations under any previously executed Voluntary Early Retirement Agreement shall cease.

  • Retirement Income Form and Date--At least one month prior to a Participant's Retirement Commencement Date, the Owner may by written election to the Company at its home office, elect any one of the retirement income options described below on behalf of a Participant.

  • In addition, at least fifteen (15) consecutive years of actual credited teaching employment at Addison Central School District interrupted only by leaves of absence or Reduction In Force (RIF) approved or imposed by the Board, must be served immediately prior to the teacher’s Retirement Commencement Date.