Unreduced Retirement Benefit definition

Unreduced Retirement Benefit means, with respect to a Participant, the Participant’s Retirement Benefit, calculated in accordance with Section 3.1, but disregarding clauses (2) and (3) thereof.
Sample 1

Examples of Unreduced Retirement Benefit in a sentence

  • Early Unreduced Retirement Benefit - An early retirement benefit that is not reduced from the amount payable at the normal retirement date.

  • The amount of such Permanent Unreduced Retirement Benefit shall be determined as under Section 4.03(b)(1).

  • The law in this state ‘‘forbids unjustifiable interferences with any man’s right to pursue his lawful business or occupation and to secure to himself the earnings of his industry.

  • The amount of such partial Permanent Unreduced Retirement Benefit shall be determined as under Section 4.03(b)(2).

  • Therefore, an agreement was found with the food providers to create shops in the target villages during the period of implementation.

  • Effective January 1, 2012 both groups will use actuarial equivalencies from Normal Retirement Age to calculate Early Retirement Benefits.The Special Unreduced Retirement Benefit was eliminated as of January 1, 2012.Sample of Early Retirement Reduction Factors for Group 1 MembersPlease contact the Fund Office for more specific reduction factors for other ages.

  • A Participant whose benefits are subject to adjustment under Section 4.00 is not eligible for a Unreduced Retirement Benefit.

  • The first day of any month on or following the earlier of a Participants’ fifty-fifth (55) birthday and after ten (10) years of Vesting Service or 10 years prior to their first Eligibility for an Unreduced Retirement Benefit but not prior to age 50.

Related to Unreduced Retirement Benefit

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

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

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

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

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

  • 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;

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

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

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

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

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

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

  • 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.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Retirement Age means the earlier to occur of:

  • Change in Control Benefit means the benefit described in Section 2.4.

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

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • 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.

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

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

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • 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).

  • Disability retirement for plan 1 members, means the period