Social Security Retirement Age definition

Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.
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Social Security Retirement Age means age sixty-five (65) in the case of a Participant attaining age sixty-two (62) before January 1, 2000 (i.e., born before January 1, 1938), age sixty-six (66) for a Participant attaining age sixty-two (62) after December 31, 1999, and before January 1, 2017 (i.e., born after December 31, 1937, but before January 1, 1955), and age sixty-seven (67) for a Participant attaining age sixty-two (62) after December 31, 2016 (i.e., born after December 31, 1954).
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Social Security Retirement Age means the age used as the retirement age for the Participant under Section 216(l) of the Social Security Act, except that such section shall be applied without regard to the age increase factor, and as if the early retirement age under Section 216(l)(2) of such Act were 62.
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Examples of Social Security Retirement Age in a sentence

  • The amount of the offset shall not exceed the maximum offset otherwise allowable prior to Plan Years beginning in 1989 (determined in accordance with paragraph (1), if applicable), reduced by 1/15 for each of the first five years and 1/30 for each of the next five years by which the starting date of such benefit precedes the Social Security Retirement Age of the Participant, and reduced actuarially for each additional year thereafter.

  • Except as provided in (d) below, if a benefit payable to an Employee under an integrated plan commences at an age before the Employee's Social Security Retirement Age (including a benefit payable at the Normal Retirement Age under the Plan), the maximum excess or offset allowance shall be reduced (if necessary) in accordance with Subsection (c).

  • Table I provides the adjustments in the 0.75-percent factor in the maximum excess or offset allowance applicable to benefits commencing on or after age 55 and on or before age 70 to an Employee who has a Social Security Retirement Age of 65, 66, or 67.

  • A disability benefit, other than a qualified disability benefit, commencing before a Participant's Social Security Retirement Age will be treated as a benefit subject to the limitations of this Section.

  • The COLA will be delayed until the later of the Social Security Retirement Age or three years after retirement.


More Definitions of Social Security Retirement Age

Social Security Retirement Age means age 65 with respect to a Participant who was born before January 1, 1938; age 66 with respect to a Participant who was born after December 31, 1937 and before January 1, 1955; and age 67 with respect to a Participant who was born after December 31, 1954.
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Social Security Retirement Age means age 65 for a Participant born before January 1, 1938; age 66 for a Participant born after December 31, 1937 and before January 1, 1955; and age 67 for a Participant born after December 31, 1954.
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Social Security Retirement Age means a Participant’s retirement age under Section 216(l) of the Social Security Act determined without regard to the age increase factor under such section as if the early retirement age under paragraph (2) thereof were sixty-two (62).
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Social Security Retirement Age shall have the same meaning the term "Social Security Retirement Age" has under Section 2.58 of the Qualified Plan.
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Social Security Retirement Age means a member’s full retirement age as
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Social Security Retirement Age means age 65 with respect to a Member who was born before January 1, 1938; age 66 with respect to a Member who was born after December 31, 1937 and before January 1, 1955; and age 67 with respect to a Member who was born after December 31, 1954.
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Social Security Retirement Age with respect to a Participant means age 65 if the Participant attains age 62 before January 1, 2000 (i.e., born before January 1, 1938), age 66 if the Participant attains age 62 after December 31, 1999, but before January 1, 2017 (i.e., born after December 31, 1937, but before January 1, 1955), and age 67 if the Participant attains age 62 after December 31, 2016 (i.e., born after December 31, 1954).
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