After Retirement. The normal pension is payable for life and guaranteed for years (120 monthly installments). Optional forms of payments are available life only, year guarantee, Joint and Survivor.
After Retirement. The death benefit, if any, will depend on the form of pension you had elected at your date of retirement.
After Retirement. Contributions will change each January 1 after the individual’s retirement. The amount will be determined as outlined above using the active nonunion employee cost for that year. Retirees will receive notice of the contribution increase.
After Retirement. Entitlement
After Retirement. If the Executive dies after the commencement of his Supplemental Benefit payments but before he has received 180 monthly Supplemental Benefit payments, INSITUFORM shall pay to his Beneficiary a monthly Death Benefit beginning on the first day of the month next following the Executive's death and continuing until the combined number of monthly payments under this Agreement received by the Executive and his Beneficiary equals 180. Each monthly Death Benefit payment under this paragraph 2A is to be equal to the monthly Supplemental Benefit payment that the Executive was receiving at his death.
After Retirement. If the Grantee becomes Disabled after Retirement, the treatment of the PSUs will be determined in accordance with Section 5 of this Agreement.
After Retirement. The normal form of pension will be life only. Termination:
After Retirement. The death benefit, if any, payable in respect of a Member who dies following the commencement of his pension, will depend on the form of pension the Member had elected.
After Retirement. (1) For an employee who retires on or after March 1, 2012, effective eighteen months following the employee’s retirement date, the amount of the retired employee’s Basic Life Insurance in force at the time of retirement shall be the Active Amount reduced by 2% thereof, and shall be further reduced by an equal amount on the first day of each succeeding month in accordance with (i) and (ii) below;
(i) If the employee has ten or more Years of Participation at retirement, such reductions shall be made until the Basic Life Insurance is reduced to 1-1/2% of the amount in force at the time of retirement, times the number of Years of Participation, but in no event to less than
(ii) If the employee has less than ten Years of Participation at retirement Basic Life Insurance shall then be discontinued.
(2) An employee who last worked prior to October 28, 2019 but on or after November 15, 1993 and otherwise was eligible for Continuing Life Insurance after age 65, shall have a minimum amount of Continuing Life Insurance of $5,000. An employee who last worked prior to November 15, 1993, but on or after October 1, 1990, and otherwise was eligible for Continuing Life Insurance after age 65, shall have a minimum amount of Continuing Life Insurance of $4,500. An employee who last worked prior to October 1, 1990, but on or after October 26, 1987, and otherwise was eligible for Continuing Life Insurance after age 65, shall have a minimum amount of Continuing Life Insurance of $3,500. An employee who last worked prior to October 26, 1987 and was otherwise eligible for Continuing Life Insurance after age 65, shall have a minimum amount of Continuing Life Insurance of $3,000, except that for an employee who last worked prior to September 17, 1984 and who, having reached age 60 but not age 65:
(i) recovers from disability, and
(ii) ceases to receive monthly instalment payments for total and permanent disability, and
(iii) does not return to work,
(3) No employee contributions for Continuing Life Insurance are required after retirement.
(4) Each retired employee eligible for Continuing Life Insurance shall be notified of the ultimate amount of such Life Insurance. Notification shall be provided prior to the Art. II, 2(b)(4)
After Retirement. Based on the form of pension elected by the member. Where the member has an eligible spouse and did not elect an optional form of payment, the following spouse benefit will be payable:
