Service Retirement Benefits- If you retire with 20 or more years of service credit, you’re guaranteed service retirement benefit will be 1/50th (2%) of your final average salary for each year of service credit.
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;
Normal Retirement Benefit means the benefit described in Section 2.1.
Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.
Retirement Benefit means the benefit set forth in Article 5.
Early Retirement Benefit means the retirement benefit payable to a member following early