Early Retirement Pension. (a) A Participant who retires on an Early Retirement Date shall be entitled to receive an Early Retirement Pension in an amount determined under Article IV, Section 2 in respect of such Participant reduced actuarially for commencement prior to the Participant’s Normal Retirement Date; provided, however, there will be no actuarial reduction where early retirement occurs under the provisions of Article I, Section (9)(a)(3). In addition, effective for Participants whose Annuity Starting Date is on or after August 1, 1997, if the Participant has accumulated at least 30 Qualified Years and at least 60,000 Credited Hours at the time of his Annuity Starting Date (as calculated pursuant to Article I, Section 9(a)(3)) and retires prior to his 60th birthday, the benefits will be reduced actuarially for commencement prior to attainment of age 60. A monthly payment equal to the foregoing amount shall be paid on the first day of each month starting with the first day of the month following the date of the Pensioner’s retirement and continuing thereafter, except as provided in Section 7 of this Article, through the payment made on the first day of the month in which the death of the Pensioner occurs.
Early Retirement Pension. (company-based) and AFP An early retirement pension, agreed between the enterprise and the employee, must be an element in a real workforce reduction before severance pay can be granted. Employees who take out an AFP pension are not entitled to severance pay. In cases where the original AFP pension is paid out pending a disability pension, the employee will as a general rule not subsequently be entitled to severance pay. If the AFP supplement has not been paid out for more than six months, the right to severance pay can be re-instated by repaying the AFP supplement paid out.
Early Retirement Pension. A Member is eligible for an Early Retirement Pension as of his Early Retirement Date which is the first day of the calendar month which next follows:
Early Retirement Pension. (a) Each Member who terminates employment with the Company and qualifies for an Early Retirement Pension pursuant to Section 4.2(a) shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to the amount of the Normal Pension specified in Section 5.1.
Early Retirement Pension. Any member who retires prior to his Normal Retirement Date in accordance with the provisions of Article shall receive his Accrued Pension multiplied by the applicable factor as set forth in the following table: Age Attained When Pension Commences Applicable Factor provided that the applicable factor is pro-rated for intermediate ages computed to the next whole month.
Early Retirement Pension. You may elect early retirement on the first of any month after you have reached age 55 and have completed at least ten (10) years of Service. Your Basic Pension will be calculated as above, based on your Credited Service to your early retirement date and then reduced by 1/3% for each month (4% for each year) your early retirement date precedes your normal retirement date. Your Lifetime Supplement will be calculated as in Normal Retirement Pension above (using your Basic Pension before adjustment for early payment) and then reduced by 1/3% for each month your early retirement date precedes your normal retirement date.
Early Retirement Pension. The early retirement pension agreement includes the following: Retirement age is 62. The insured has the right to early retirement pension from 62 to ordinary retirement at 67 of 66% of wages. This is without earnings requirements. The pension is paid from the day the insured is early retired and wages are terminated. The insured maintains the membership in the occupational pension scheme of the company according to the tax principles and the employer pays the premium as if the insured had continued working until 67. The wages that are the basis of the benefits after the occupational pension and the supplementary pension according to this agreement from 67 will be adjusted every year from 62 to 67 in accordance with the development in G. If the insured dies, the payment of the early retirement pension will cease at the end of the month of death.
Early Retirement Pension. Minimum total Labatt basic pension, lifetime and temporary supplement (assuming the member does not elect the 90/60% spousal option) $3,298.00 One year later, on January 1, 2023, the member’s pension is recalculated at age 65 as follows: Minimum total Labatt basic pension and lifetime supplement $2,401.18 Add CPP (Estimated 2023) 1,247.82 Minimum total monthly income from Labatt pension and CPP $3,650.00 Add OAS (Estimated 2023) 655.31 Total monthly income at age 65 $4,305.31 Example “E”: 85 Point Retirement (at least age 55, and age plus credited service add up to 85 points or more) This example is based on a member who retires as of July 1, 2015 at 58 years of age with 27 years of credited service.
Early Retirement Pension. A Member who retires on an Early Retirement Date shall receive a retirement pension calculated in accordance with Section 7.01, provided that his defined benefit pension shall be determined in accordance with either (a) or (b) below, depending on the election made by the member:
Early Retirement Pension. In Denmark, it is possible to be entitled to a pension prior to the old-age pen- sion age. This is possible for a person incapable of obtaining paid employment due to disability reasons. Please note that this right is obtained according to Danish conditions, which are very strict. Contact information regarding Danish pension in India We recommend that you contact the nearest Office for the Employees Provi- dent Fund Organization about 6 months before the time of Danish retirement pension. Request that the office contact the Danish authorities about an ap- plication for payment of pension from Denmark. In exceptional cases, alterna- tive contact may be made directly to the “responsible Danish authority” (see below).
