Early Retirements Sample Clauses

Early Retirements. Upon completion of an actual early retirement calculation by the Scheme Administrator which generates a Pension Fund strain cost (otherwise known as a capital cost), the Administering Authority will raise an invoice and issue it to the Scheme Employer requesting payment, within 21 calendar days of the full capital cost owing to the Pension Fund.
Sample 1
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Early Retirements. Upon completion of an early retirement calculation, the Administering Authority will provide to the Employing Authority, within 10 working days, details of the final capital costs to be paid by the Employing Authority to the Fund.
Sample 1
Early Retirements. As BVFF,I want to process pensions for members who retire early,So they can receive their reduced pension Pass/Fail M ☒ Yes ☐ No now. I'll be satisfied when I can: • Process retirement for a member who is eligible based on the following: - Minimum number of payments and years of service - Reduced pension based on rules Business Rules • If member retirement date is before 7.25.99, they are only eligible to retire at age 60, 62, and 65 • Early Retirement Percentages: - 60% at age 60 - 68% at age 61 - 76% at age 62 - 84% at age 63 - 92% at age 64 • 100% at age 65 Req. No. Performance Requirement and Stated Business Need Points Available Priority Bidder’s Compliance Written Response 8.12 Joint Survivor As BVFF,I want to process joint/survivor pensions for members,So they can receive a reduced pension for them and their spouse. I'll be satisfied when I can: • Process a pension for a member who has chosen joint/survivor option • Have the system automatically calculated the reduced pension based on business rules Business Rules: • Member must be active after 7/1/89 to be eligible • Refer to actuarial joint/survivor factors Pass/Fail M ☒ Yes ☐ No
Sample 1
Early Retirements 
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Related to Early Retirements

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • Enhanced Early Retirement 26.11.1 Employees engaged prior to 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of ten years' total aggregated service with the employer, with one or more other DHBs, and with one or more of the following services:

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Benefits for Early Retirees The Hospital will provide to all employees who retire and have not yet reached age sixty-five (65) and who are in receipt of the Hospital’s pension plan benefits, semi-private, extended health care and dental benefits on the same basis as is provided to active employees, as long as the retiree pays the Employer the full amount of the monthly premiums in advance.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

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