Retirement Benefit definition

Retirement Benefit means the benefit set forth in Article 5.

Retirement Benefit means the benefit described under Section 3.1 hereof.

Retirement Benefit means a monthly income with benefits accruing from the first day of the month coinciding with or following retirement and ending on the last day of the month in which death occurs or the actuarial equivalent thereof paid in such manner as specified by the member pursuant to Section 901 et seq. of this title or as otherwise allowed to be paid at the discretion of the Board;

Examples of Retirement Benefit in a sentence

• Effective as of the date indicated above, the Limited Early Retirement Benefit for the calendar year 201 S is hereby frozen and established as the frozen Limited Benefit and the Normal Retirement Benefit, as shown on Exhibit D attached hereto.

• Exhibit A Xxxxxx Xxxxxxxx "Normal Retirement Date"= June 8, 2029 "Payment Commencement Date"= The payment commencement date for the Normal Retirement Benefit shall be later of the first business day of the month following the month in which Executive attains age 65 (June 8, 2029) or the first business day of the month following the month in which Executive experiences a Separation from Service (as defined in Section 2(d) of the Agreement).

• For the purposes of this Agreement, the "Limited Early Retirement Benefit" shall be the annual amount set forth on Exhibit A corresponding to the calendar year in which Executive's employment terminates, and the amount payable each month shall be one-twelfth (1/12) of such annual amount set forth on Exhibit A.

• Banked days not used at the time of the employee’s separation from the School District are eligible to be included in the Employee’s calculation of unused accumulated sick leave under 9.08 Retirement Benefit Options.

• If Executive satisfies the requirements for the Normal Retirement Benefits described in Subsection (a), the Bank shall pay to Executive or his beneficiary a Normal Retirement Benefit equal to $65,800 per year, payable in monthly installments over a period of one-hundred-eighty ( 180) months (i.e., over 15 years), beginning on the Payment Commencement Date defined in Subsection 2(c) and on the first day of each month thereafter until the fifteenth (15th) anniversary of the Payment Commencement Date.

More Definitions of Retirement Benefit

Retirement Benefit. ’ means a monthly income or the actuarial equivalent thereof paid in such manner as specified by the member pur- suant to this act or as otherwise allowed to be paid at the discretion of the board, with benefits accruing from the first day of the month coin- ciding with or following retirement and ending on the last day of the month in which death occurs. Upon proper identification a surviving spouse may negotiate the warrant issued in the name of the retirant. If there is no surviving spouse, the last warrant shall be payable to the des- ignated beneficiary;

Retirement Benefit means an interest in 1 of the following types of assets if payable to a trust as a beneficiary or owned by the trust: a qualified or nonqualified annuity; a benefit under a qualified or nonqualified plan of deferred compensation; any account in, or benefit payable under, any pension, profit-sharing, stock bonus, or other qualified retirement plan; any individual retirement account or trust; and all benefits under a plan or arrangement that is established under section 401, 403, 408, 408A, or 457 or a similar provision of the internal revenue code of 1986, 26 USC 401, 403, 408, 408A, and 457.

Retirement Benefit means the benefit set forth in Section 4.2.

Retirement Benefit means a monthly income or the actuarial

Retirement Benefit means an annuity, a retirement allowance, an optional benefit, a postretirement benefit, a benefit received from a defined contribution plan, defined benefit plan, deferred compensation plan, disability plan, life insurance plan, all money, investments and income of the various funds created under a public employee retirement system, and any other right accruing to a member under a retirement system.

Retirement Benefit means any payment received under a retirement scheme except money received as a pension under the Maldives Retirement Pension Scheme established in pursuance to the Maldives Pension Act (Law Number 8/2009).

Retirement Benefit means a monthly income with benefits