Common use of Amount of Retirement Benefit Clause in Contracts

Amount of Retirement Benefit. At your normal retirement date, you will receive an annual retirement benefit, payable monthly, equal to: For credited service prior to January 1, 1990: 1% of your Final Average Salary up to the Final Average YMPE, Plus

Amount of Retirement Benefit. At your normal retirement date, you will receive an annual retirement benefit, payable monthly, equal to: For credited service prior to January 1, 1990: 1% of your Final Average Salary up to below the average Plus of your Final Average YMPE, PlusSalary that exceeds the average for each year of Credited Service. The rate in the above formula is increased to for each year of credited service after

Amount of Retirement Benefit. At your normal retirement date, you will receive an annual retirement benefit, payable monthly, equal to: For credited service prior to January 1, 1990: 1% Plus of your Final Average Salary up to below the average of your Final Average YMPE, PlusSalary that exceeds the average for each year of Credited Service. The rate in the above formula is increased to for each year of credited service after January

Amount of Retirement Benefit. At your normal retirement date, you will receive an annual retirement benefit, benefit payable monthly, equal to: For credited service prior to January One percent (1, 1990: 1% %) of your Final Average Salary up to below the average YMPE plus One and one half percent (1½%) of your Final Average Salary that exceeds the average YMPE, Plusfor each year of Credited Service.