Service retirement benefit definition

Service retirement benefit means the retirement benefit that the member may receive at normal
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Service retirement benefit means a retirement benefit which is determined on the basis of the member’s age and years of credited service.
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Examples of Service retirement benefit in a sentence

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare: • any prior Public Service employment, or• any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or• any existing remuneration from any other Public Service employment, or• any such employment in which they received a payment-in-lieu of pension for that service.

  • It can thus be seen that the Ottomans themselves in no way deemed that the entity of Qatar was limited to the city of Doha and its immediate surroundings as Bahrain contends.

  • The Member must be eligible to receive a Service retirement benefit on the effective backward DROP date.

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare:  any prior Public Service employment, or any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or any existing remuneration from any other Public Service employment, or any such employment in which they received a payment-in-lieu of pension for that service.

  • At such time the Member attains age fifty-five (55), the Disability benefit shall be recomputed in the same manner as a Service retirement benefit which would have been received had the Member been continuously in Service in the grade occupied at date absence on account of Disability began, subject to periodic Salary changes in such grade.

  • Under Plan A or Plan B, any Member having at least twenty (20) years of Service may retire and receive a Service retirement benefit.

  • In the event the disability retirement benefit is less than the Service retirement benefit being received, the Member shall have the right to withdraw his/her disability retirement application.

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare:• any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or• any existing remuneration from any other Public Service employment, or• any such employment in which they received a payment-in-lieu of pension for that service.

  • Your Past Service retirement benefit is equal to $13.00 per month times your number of years credited Past Service to a maximum of 10 years.Union Members:If you were a member in good standing with Local Union 488 on May 1st, 1991 the amount of your Past Service retirement benefit was increased by 10%.Associate Members:If you were employed by a participating employer on May 1st, 1991 the amount of your Past Service retirement benefit was increased by 10%.

  • In the same letter, Mr. Nappe was informed that with his age, he does qualify for a Service retirement benefit and if Mr. Nappe chooses Service retirement, he must complete a new retirement application by logging into the Member Benefits Online System (MBOS).

Related to Service retirement benefit

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefit means the benefit set forth in Article 5.

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

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

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

  • 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.

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

  • 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;

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

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

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • 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.

  • Retirement Age means the earlier to occur of:

  • 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.

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

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

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

  • 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.

  • Service benefit means the credit toward retirement benefits as determined by the

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

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

  • 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).

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

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Disability retirement for plan 1 members, means the period

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.