Disability Retirement Benefit definition

Disability Retirement Benefit means the benefit payable to Director following a determination that he is no longer able, properly and satisfactorily, to perform his duties as Director. Said benefit shall be payable monthly for a fifteen (15) year period which, subject to the provisions of Subsection 4.4, shall begin not more than thirty (30) days following the above-mentioned disability determination.

Disability Retirement Benefit means the benefit payable pursuant to Section 4.8.

Disability Retirement Benefit means the benefit described in Section 6.2 of the Plan Document.

Examples of Disability Retirement Benefit in a sentence

• A Member’s Normal Retirement Benefit under Section 6.01, Deferred Retirement Benefit under Section 6.02 and Disability Retirement Benefit under Section 5.04 shall be paid in the form of a life annuity, with payments made each month during the Member’s life and the final payment made for the month of the Member’s death.

• The limitations in subparagraphs (c) and (e) shall not be applied to reduce (i) the benefit of a Member who receives a Disability Retirement Benefit in accordance with the provisions of Article V of the Plan, or (ii) the death benefits payable under Article X of the Plan.

• Each Member who terminates employment due to being Totally and Permanently Disabled, and is found eligible to receive a Disability Retirement Benefit under Article V, shall be entitled to receive a benefit paid in the amount and manner set forth in Sections 5.01 and 8.01.

• A Member found to be eligible for a Disability Retirement Benefit pursuant to Section 5.02 shall be entitled to receive a Disability Retirement Benefit commencing on the date that the Retirement Board approves the Disability Retirement Benefit.

• The provisions of Section 6.04 and 6.05 shall not apply to a Disability Retirement Benefit.

More Definitions of Disability Retirement Benefit

Disability Retirement Benefit means the benefit as set forth in Section 3.4.

Disability Retirement Benefit means the benefit, if any, described in Section 5.5 or for certain Participants who became Participants as a result of certain acquisitions or mergers, the disability benefit described in the applicable Appendix.

Disability Retirement Benefit means the monthly benefit described in Section 4.4.

Disability Retirement Benefit means the benefit paid to a Member commencing on his or her Disability Retirement Date determined as described in Section 5.01.

Disability Retirement Benefit means the benefit payable under the Disability Retirement section.

Disability Retirement Benefit. A Member’s annual amount of Disability Retirement Benefit shall be an amount commencing on his Disability Retirement Date computed in accordance with Section 5.01 of this Article based on the Member’s Average Compensation as of his Disability Retirement Date but based on the Member’s Credited Service as of his attainment of age 60 as if the Member were to continue to accrue Credited Service with the Employer. Such amount shall be reduced by three percent (3%) for each year that the Disability Retirement Date, or age 60, if later, precedes the first day of the month coincident with or next following the Member’s attainment of age sixty-five (65).

Disability Retirement Benefit means the benefit determined in accordance with Section 7.6.