Pension Date definition

Pension Date means the first day of the month in which the employee retires in accordance with the terms of the plan or the first day of the month in which the employee's permanent disability is finally established, provided the employee's written application is received by the Pension Board not later than the end of the month following the month of such retirement or establishment of permanent disability; otherwise the pension dates shall be the first day of the subsequent month in which said written application is received by the Pension Board.
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Pension Date the effective start date of Income Withdrawal or Drawdown Pension under Rule 10;
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Pension Date means the date described in clause 19.
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Examples of Pension Date in a sentence

  • The Supplier or Relevant Sub-contractor will bear the cost of any actuarial assessment required in order to assess the employer's contribution rate and Bond value in respect of any Eligible Employee who elects to join the LGPS on or after the Effective Pension Date.

  • The employee's Pension will include any escalation benefits which occur from normal retirement date to his Pension Date.

  • Current employees at the date of whose Earliest Pension Date falls beyond their birthday and who elect to retire under the Pension Plan.

  • The employee's Pension shall become payable as of the first day of the month immediately following the month the employee ceased to be employed with the Company or as of the first day of the month immediately preceding the employee's seventy-first (71) birthday, whichever shall first occur (the "Pension Date").

  • For example, if a Participant has 25 Benefit Units (10 Past Service and 15 earned since the Contribution Commencement Date (see section 9 of this Part Two)), and the Benefit Level is $30 at his/her Age Pension Date, the Age Pension will be 25 x $30 or $750/month before any reduction because the Participant’s Age Pension Date is before the Normal Retirement Date (see section 6.01 of the Plan) and/or because the Post-Retirement Spousal Benefit (see section 7.01 of the Plan) is applicable.

  • An employee's Pension benefits will be actuarially reviewed effective as at the Pension Date having regard to the employee's Pension having been deferred since normal retirement date.

  • Basic Pension Date of Basic Benefit Determination On or after June On or after February Rate a Supplemental Pension ) The amount of Si ember's Date of Benefit Rate.

  • For the purposes of calculating the employer's contribution rate, any termination payment, and any other sums due to the administering authority under the Admission Agreement, the Authority shall ensure that the Eligible Employees' past service benefits accrued prior to the Effective Pension Date are fully funded as at the Effective Pension Date, as determined by the Authority’s actuary.

  • An employee’s Pension benefits will he actuarially reviewed effective as at the Pension Date having regard to the employee’s Pension having been deferred since his normal retirement date.

  • Pension Date of ratification $1.24/hr October 15, 2009 $1.24/hr October 15, 2010 $1.30/hr Pension for ALL compensated hours.


More Definitions of Pension Date

Pension Date in relation to a member means the day before his 65th birthday or such day as may be notified to the member in writing by the Company.”
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Pension Date is the effective start date of an annuity or income withdrawals under an arrangement. Each separate arrangement may have a different pension date.
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Pension Date means the date specified on the schedule. It will be the normal retirement date of the Member under the Scheme just before the Date of Commencement.
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Pension Date means in respect of any particular Scheme Member the date described in the Records as being his Pension Date
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Related to Pension Date

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Extension Date has the meaning specified in Section 2.19(b).

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Succession Date means the legally effective date of an event in which one or more entities succeed to some or all of the Relevant Obligations of the Reference Entity; provided that if at such time, there is a Steps Plan, the Succession Date will be the legally effective date of the final succession in respect of such Steps Plan, or if earlier (i) the date on which a determination pursuant to Section 2.2(a) would not be affected by any further related successions in respect of such Steps Plan, or (ii) the occurrence of an Event Determination Date in respect of the Reference Entity or any entity which would constitute a Successor.

  • Grace Period Extension Date means, if:

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Lease Termination Date means the last day of the Lease Term.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Extended benefit period means a period which:

  • Reversion Date has the meaning assigned to such term in Section 4.19.

  • Benefit Continuation Period shall have the meaning set forth in Section 5(b).

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable. EXHIBIT 2.5

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Lender shall have been made).

  • Step-In Date means 5 Business Days after delivery of a Step-In Notice;