Accrued Retirement Pension. A Member’s Accrued Retirement Pension under the Plan is a monthly amount, subject to adjustment under section 9 and 12, equal to the sum of:
Accrued Retirement Pension. A Member's Accrued Retirement Pension under the Defined Benefit Pension Plan is a monthly amount, subject to adjustment under Section 6 of Part B, equal to the Member's Credited Service multiplied by the applicable lifetime benefit rate, as described in the following table. Regular employees except those who attain the status of regular employee after January 1, 2000 For retirements, deaths, or terminations of employment that occur in the period: Applicable Lifetime Benefit Rate per year of Credited Service January 1, 2016 to December 31, 2016 $100.00 January 1, 2017 to December 31, 2017 $100.00 January 1, 2018 to December 31, 2018 $100.00 Applicable to all regular employees except those who attain the status of regular employee after January 1, 2000 as follows: Effective January 1, 2010, the 10% reduction for the survivor spouse protection referred to in the above paragraph will be amended as follows: Year of Retirement Reduction Factor 2016 0% 2017 10% 2018 0% In case of termination of employment or a death in active employment, the Reduction Factor remains 10%. Regular employees who attain the status of regular employee after January 1, 2000 For retirements, deaths, or terminations of employment that occur in the period: Applicable Lifetime Benefit Rate per year of Credited Service January 1, 2016 to December 31, 2018 $82.00
Accrued Retirement Pension. A Member’s Accrued Retirement Pension under the Defined Benefit Pension Plan is a monthly amount, subject to adjustment under Section 7 of Part equal to the Member’s Credited Service multiplied by the applicable lifetime benefit rate, as described in the following table. For retirements, deaths, or Applicable Lifetime terminations of employment that occur Benefit Rate per year in the period: of Credited Service January to December January to December January to December January to December January to December January to December Full Accrued Retirement al Normal Retirement Normal Retirement date is the first day of the month coincident with or next following age On retirement at Normal Retirement date, the Member shall be entitled to a pension from the Defined Benefit Pension Plan, subject to adjustment under Section 7 of Part equal to his/her Accrued Retirement Pension as determined at the date of retirement.
