Deferred Pension definition

Deferred Pension means the amount of a participant's Accrued Pension that such participant has elected to defer until a later year pursuant to an election under Section 3.1.

Deferred Pension means a pension for which an eligible member of the system has made application and which is payable as provided in division (A) or (B) of section 5505.16 of the Revised Code.

Deferred Pension means a deferred benefit that is in payment;

Examples of Deferred Pension in a sentence

• Subject to the aggregate limits of Section 4.4, such Participant shall be entitled to receive benefits determined under this Section, in addition to any benefit provided under Section 3.3. Such additional benefits shall be in the form of a retirement supplement, calculated as the difference between an Early Retirement Pension under the provisions of such Base Plan and a Vested Deferred Pension under such Base Plan.

• Once made, a Deferred Pension Election cannot be changed or revoked except as provided herein.

• Executive Incentive Plan, where the sum of such Participant's age and years of service with the Company equals or exceeds 75 at the date of termination, and who is entitled to a Vested Deferred Pension under a Base Plan, the provisions of this Section shall apply.

• Any participant, who has an Accrued Pension as of the Termination Date, may make a single one-time election, on or before December 5, 1996 in writing and on a form to be furnished by the Committee, to convert 25%, 50%, 75% or 100% of his or her Accrued Pension into a Deferred Pension Account under the Plan.

• Executive Incentive Plan, where the sum of such Participant’s age and years of service with the Company equals or exceeds 75 at the date of termination, and who is entitled to a Vested Deferred Pension under a Base Plan, the provisions of this Section shall apply.

More Definitions of Deferred Pension

Deferred Pension means a pension benefit, payment of which is deferred until the beneficiary reaches normal retirement age under the pension plan;

Deferred Pension means a pension payable under this Plan to a former employee commencing on the day following his/her normal retirement date;

Deferred Pension means a pension benefit to which a participant has a vested right upon termination of employment prior to pension age but which is postponed until pension age.

Deferred Pension means the pension benefits, calculated in accordance with the terms of Article 6, to which a Participant becomes entitled as a result of credited service while a Participant of the Plan.

Deferred Pension means a Pension, payment of which is deferred until the Pension becomes payable in accordance with the provisions of Section 8.03. The Bridging Benefit is excluded from this definition.

Deferred Pension means the pension payable in accordance with Rule 22(b) of the Old Consolidated Trust Deed and Rules or Rule 53;

Deferred Pension means a pension benefit, payment of which is deferred until the first of the month following the sixtieth (60th) birthday of the person entitled to the pension benefit, or such earlier date at which the member would have been entitled to a non-reduced pension on retirement prior to age sixty (60), based on service to the date of termination of employment.