Special Retirement Date definition

Special Retirement Date is the first day of any month coincident with or following on which the Member has (1) attained age 60 and; (2) the sum of the Member’s age and years of Participation in the Plan equals at least eighty (80).
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Special Retirement Date means the first day of the month following the month in which an Employee’s employment is terminated as a result of a Permanent Job Separation.
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Special Retirement Date means the date which a Principal Corporate Officer pursuant to Article III of this Plan, designates as his/her retirement date.
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Examples of Special Retirement Date in a sentence

  • The Executive Pension Supplement for an Executive who meets the qualifications of Article 3 of the Plan retiring on an Early, Normal or Special Retirement Date will be calculated as described in Section 4.02(a) or (b).

  • If the Member had not attained their Special Retirement Date as at their date of termination of employment, their early retirement pension will be reduced.

  • The best option for now may be continuing to use the MATH portal.

  • If the Member had not attained their Special Retirement Date as at their date of termination of employment, such early retirement pension shall be their deferred pension less 0.5% of such deferred pension for each month that the pension commencement date precedes the Member’s Normal Retirement Date, subject to applicable requirements of the Income Tax Act.

  • As of the date of revision of this document, for TMG, to be eligible for the Special Retirement Date, age plus years of pensionable service in the Pension Plan must equal at least 85.

  • If the Member had attained their Special Retirement Date as at their date of termination of employment, their early retirement pension shall be unreduced.

  • Such early retirement pension for a Member who had not attained their Special Retirement Date as at their date of termination of employment shall be the Actuarial Equivalent of the deferred pension payable on the Member’s Normal Retirement Date, subject to applicable requirements of the Income Tax Act.

  • The early retirement benefit shall not be less than the Actuarial Equivalent of the deferred pension that would be payable at the NRD, except when further reduction is required under Regulation 8503(3)(c) of the Income Tax Act.Bridge BenefitA MUALA Member who retires under the Special Retirement Date provisions will receive a bridge benefit equal to $19.00 per month per year of Pensionable Service accrued to June 30, 1996 to a maximum of 20 years of service.

  • Plan retiring on an Early, Normal or Special Retirement Date will be calculated as described in Section 4.02(a) or (b).

  • Special Retirement Date (SRD) eligibility requirements are defined in the Pension Plan text:• SRD is based on the Pension Plan provisions in effect at the Member’s date of termination of employment and the Member's employee group on that date.


More Definitions of Special Retirement Date

Special Retirement Date means one of the following dates, as
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Special Retirement Date is the first day of any month coincident with or following on which the Member has (1) attained age and; (2) the sum of the Member’s age and years of Participation in the Plan equals at least eighty (80). On January of each year, pensions in pay from the Plan are increased utilizing the pensioner reserve method as described below: The percentage of increase shall be the lesser of: the percentage by which the Average Annual rate of Return determined by the following formula exceeds Average Annual Rate of Return = (Sum of the Annual Rates of Return for each of the previous Plan Years) divided by where, Annual Rate of Return = Net Income (Market Value of fund at Beginning of Plan Year plus Market Value at end of Plan Year less Net Income) and, “Net Income” equals the sum of interest, dividends, net realized gains and net unrealized gains during the Plan Year less the sum of actuarial, investment, investment counselor, trustee, audit and other administrative expenses applicable to the Plan or Fund. the percentage annual increase in the average Consumer Price Index during the twelve (12) month period that ended on the immediately preceding June I direct the Parties to make all necessary modifications to the Salaried Plan in order to give effect to my Award. I retain jurisdiction to address any disputes over the implementation of my Award. Dated at Toronto this day of January,
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Related to Special Retirement Date

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

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

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • 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.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

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

  • 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).

  • 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.

  • 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: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year 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.

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

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

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

  • 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)).

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

  • 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.

  • Accrual Termination Date Not applicable.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Disability retirement for plan 1 members, means the period

  • Mandatory Retirement means termination of employment pursuant to the Company’s mandatory retirement policy.

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

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

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.