Accrued Retirement Benefit. A monthly benefit payable to the Participant's Pre-Retirement Beneficiary which shall be actuarially equivalent to the Participant's Accrued Normal Retirement Benefit determined as of the date of death.
Accrued Retirement Benefit. The term “Accrued Retirement Benefit,” as of a given date, shall mean an annual amount of Retirement Benefit to which a Member would be entitled, determined pursuant to Section 5.01 hereof, commencing on his Normal Retirement Date using his Average Compensation and Credited Service determined as of such date in lieu of the corresponding amounts determined as of his Normal Retirement Date. In no event shall the amount of Accrued Retirement Benefit be less than the Member’s Accrued Retirement Benefit on February 16, 1983, determined in accordance with the provisions of the Prior Plan in effect on such date. [This Section is effective for all dates before and including September 30, 2011.]
Accrued Retirement Benefit. The term “Accrued Retirement Benefit,” as of a given date, shall mean an annual amount of Retirement Benefit to which a Member would be entitled, determined pursuant to Section 5.01 hereof, commencing on his Normal Retirement Date using his Average Compensation and Credited Service determined as of such date in lieu of the corresponding amounts determined as of his Normal Retirement Date. In no event shall the amount of Accrued Retirement Benefit be less than the Member’s Accrued Retirement Benefit on February 16, 1983, determined in accordance with the provisions of the Prior Plan in effect on such date. The Accrued Retirement Benefit of a Member who, as of September 30, 2011, has or had less than twenty (20) years of Credited Service, shall be limited to and not exceed Fifty Percent (50%) of the Average Compensation of the Member determined as of his Normal Retirement Date
Accrued Retirement Benefit. The term “Accrued Retirement Benefit,” as of a given date, shall mean an annual amount of Retirement Benefit to which a Member would be entitled, determined pursuant to Section 5.01 hereof, commencing on his Normal Retirement Date using his Average Compensation and Credited Service determined as of such date in lieu of the corresponding amounts determined as of his Normal Retirement Date. In no event shall the amount of Accrued Retirement Benefit be less than the Member’s Accrued Retirement Benefit on February 16, 1983, determined in accordance with the provisions of the Prior Plan in effect on such date. The Accrued Retirement Benefit of a Member who, as of September 30, 2011, has or had less than twenty (20) years of Credited Service, shall be limited to and not exceed Fifty Percent (50%) of the Average Compensation of the Member determined as of his Normal Retirement Date or other Severance from Service Date related to retirement, disability or death.” [This Section is effective beginning October 1, 2011, and thereafter.] Notwithstanding any provisions of the Plan to the contrary, a Member’s Accrued Retirement Benefit shall be fixed and determined as of the earlier of (a) the conclusion of the pay period which corresponds to paychecks distributed to Employees on December 4, 2014, or (b) the date the benefit accruals of the Member otherwise ceased under the provisions of the Plan. The date as of which the Member’s Accrued Retirement Benefit is fixed and determined under the preceding sentence shall be the Member’s “Accrued Retirement Benefit Freeze Date”.
