Effective Retirement Date definition

Effective Retirement Date means the first day of the month coinciding with or following:

Effective Retirement Date. Means the first day of the month in which retirement benefits begin to accrue as provided in Rule 60S-4.0035 or subsection 60S-11.001(5), F.A.C.

Effective Retirement Date. - means the date upon which a Participant retires under this Plan which shall be the first day of the month following the Participant's 62nd birthday or, at Ashland's discretion or as otherwise provided in Article V or VI, any earlier age. Upon approval as provided in Sections 3.01 and 3.02, the "Effective Retirement Date" of a Participant may occur after the Employee reaches age 62. The Effective Retirement Date of an Employee who becomes a Participant under Section 3.03 because of a Change in Control and who is considered to be a Level I or II participant in the Incentive Compensation Plan and who has an Employment Agreement shall be the first day of the month following (i) such Employee's termination for reasons other than "Cause" or (ii) such Employee's resignation for "Good Reason." The Effective Retirement Date of an Employee who becomes a Participant under Section 3.03 because of a Change in Control and who is considered to be a Level III, IV or V participant in the Incentive Compensation Plan, or who is considered to be a Level I or II participant in the Incentive Compensation Plan and who does not have an Employment Agreement, shall be the first day of the month following such Employee's termination for reasons other than "Cause". For Employees who do not have an Employment Agreement with Ashland, "Cause" shall have the meaning given to that word in Section 3.05.

Examples of Effective Retirement Date in a sentence

• For inactive or retired Kuali assets, an electronic Equipment Accountability Change Request (EACR) is used to transfer an asset to Surplus Property.

• The Member making such an election will not be permitted to defer receipt of either the lump sum or monthly benefits to later months or a new tax year.(3) A Member may elect only one single sum payment and must make that election prior to the Effective Retirement Date.

• Successive or multiple elections of single sum payments are prohibited, regardless of the amount of contributions remaining in the Member’s account.(4) Election of Option D is irrevocable as of the Effective Retirement Date.

• All pensions that are payable as a periodic benefit to Members or beneficiaries with an Effective Retirement Date on or after July 1, 2008, will be remitted by direct deposit to a financial institution account.

• The reduced Pension amount shall be determined pursuant to a table or other program developed by the Plan actuary.(2) A Member electing Option D will be deemed to have applied for the lump sum payment and reduced monthly benefit to begin at the Effective Retirement Date or as soon thereafter as is administratively feasible.

More Definitions of Effective Retirement Date

Effective Retirement Date means the first day retirement begins for a member or deferred participant who is eligible for retirement. If the pension system receives a member's application for normal retirement before the member's separation from service or not later than the 90th day after the date of the member's separation from service, the effective retirement date is the later of the first day of the month following the month of separation or the date specified in the application. If the pension system receives the member's application after the 90th day after the date of the member's separation from service, the effective retirement date is the later of the first day of the month after the pension system receives the application or the date specified in the application. The effective retirement date for a member who qualifies for a service or ordinary disability retirement is the later of the day following the member's last day of credited service or the date the pension system receives the member's request for disability retirement.

Effective Retirement Date means, for purposes of ATRS retirement benefits, the 1st day of the month in which the member requests to receive retirement benefits and for which the member has submitted a timely retirement application.

Effective Retirement Date essentially means the normal retirement date or early retirement date. See § 1.18 (“Effective Retirement Date”). The normal retirement date is the first day of the month coinciding with or otherwise next following a participant's 60th birthday. See § 1.23 (“Normal Retirement Date”). The early retirement date is the first day of the month on which a participant elects to retire and receive a pension, provided that he is at least 50 years old. See § 1.15(a) (“Early Retirement Date”).

Effective Retirement Date means the Executive's Effective Retirement Date as that term is defined in the Qualified Plan.

Effective Retirement Date means Bernstock's Effective Retirement Date, as that term is defined in the Qualified Plan.

Effective Retirement Date means July 31, 2018, or any earlier date that any electing eligible employee gives notice of.

Effective Retirement Date means June 30, 2017, or any earlier date that any electing eligible employee gives notice of.