Early Retirement Pension. You may elect early retirement on the first of any month after you have reached age 55 and have completed at least ten (10) years of Service. Your Basic Pension will be calculated as above, based on your Credited Service to your early retirement date and then reduced by 1/3% for each month (4% for each year) your early retirement date precedes your normal retirement date. Your Lifetime Supplement will be calculated as in Normal Retirement Pension above (using your Basic Pension before adjustment for early payment) and then reduced by 1/3% for each month your early retirement date precedes your normal retirement date.
Early Retirement Pension. (company-based) and AFP
Early Retirement Pension. A Participant who retires on an Early Retirement Date shall be entitled to receive an Early Retirement Pension in an amount determined under Article IV, Section 2 in respect of such Participant reduced actuarially for commencement prior to the Participant’s Normal Retirement Date; provided, however, there will be no actuarial reduction where early retirement occurs under the provisions of Article I, Section (9)(a)(3). In addition, effective for Participants whose Annuity Starting Date is on or after August 1, 1997, if the Participant has accumulated at least 30 Qualified Years and at least 60,000 Credited Hours at the time of his Annuity Starting Date (as calculated pursuant to Article I, Section 9(a)(3)) and retires prior to his 60th birthday, the benefits will be reduced actuarially for commencement prior to attainment of age 60. A monthly payment equal to the foregoing amount shall be paid on the first day of each month starting with the first day of the month following the date of the Pensioner’s retirement and continuing thereafter, except as provided in Section 7 of this Article, through the payment made on the first day of the month in which the death of the Pensioner occurs.
Early Retirement Pension. Any member who retires prior to his Normal Retirement Date in accordance with the provisions of Article shall receive his Accrued Pension multiplied by the applicable factor as set forth in the following table: Age Attained When Pension Commences Applicable Factor provided that the applicable factor is pro-rated for intermediate ages computed to the next whole month.
Early Retirement Pension. Minimum total Labatt basic pension, lifetime and temporary supplement (assuming the member does not elect the 90/60% spousal option) $3,368.00 Total monthly income at age 65 $4,454.06 Example “E”: 85 Point Retirement
Early Retirement Pension. A Member is eligible for an Early Retirement Pension as of his Early Retirement Date which is the first day of the calendar month which next follows:
(a) the latest of his (i) accumulation in the aggregate of at least thirty (30) years of Credited Service under this Plan and, for periods prior to January 1, 1991, the Predecessor Plan, (ii) termination of Continuous Service, and (iii) completion of an application for Early Retirement Pension, or
(b) with respect to a Member whose termination of Continuous Service occurs prior to accumulation in the aggregate of at least thirty (30) years of Credited Service, the latest of his (i) attainment of fifty-five (55) years of age, (ii) accumulation in the aggregate of at least twenty (20) years of Credited Service under this Plan and, for periods prior to January 1, 1991, the Predecessor Plan, (iii) termination of Continuous Service, and (iv) completion of an application for Early Retirement Pension.
Early Retirement Pension. (a) Each Member who terminates employment with the Company and qualifies for an Early Retirement Pension pursuant to Section 4.2(a) shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to the amount of the Normal Pension specified in Section 5.1.
(b) Each Member who terminates employment with the Company and qualifies for an Early Retirement Pension pursuant to Section 4.2(b) shall be entitled to receive a monthly amount, in the applicable form described in Section 5.4, equal to the Actuarial Equivalent of the amount of the Normal Pension specified in Section 5.1.
Early Retirement Pension. The early retirement pension agreement includes the following: Retirement age is 62. The insured has the right to early retirement pension from 62 to ordinary retirement at 67 of 66% of wages. This is without earnings requirements. The pension is paid from the day the insured is early retired and wages are terminated. The insured maintains the membership in the occupational pension scheme of the company according to the tax principles and the employer pays the premium as if the insured had continued working until 67. The wages that are the basis of the benefits after the occupational pension and the supplementary pension according to this agreement from 67 will be adjusted every year from 62 to 67 in accordance with the development in G. If the insured dies, the payment of the early retirement pension will cease at the end of the month of death.
Early Retirement Pension. 4.1 Early retirement pension shall be paid upon request to the Employee if his service with the Company terminates after age 55. Early retirement pension is also paid upon request to the Employee if the employment is terminated due to drawing early retirement pension under Social Security prior to completing age 65.
4.2 If the employee meets the requirements of Section 4.1 he may select any month prior to attaining the Normal Retirement Date for the commencement of pension payments. The early retirement pension will be calculated according to the provisions of Section 3.3 on the basis of accrued Pensionable Service Time and Final Pensionable Earnings determined as of the date of termination of employment. The early retirement pension will be reduced by 0,4 % for each full month by which the chosen pension commencement date precedes the attainment of age 62.
Early Retirement Pension. A Member is eligible for an Early Retirement Pension as of his Early Retirement Date which is the first day of the calendar month which next follows the latest of:
(a) Attainment of fifty-five (55) years of age; and
(b) Accumulation in the aggregate of at least twenty (20) years of Credited Service under this Plan and, for periods prior to January 1, 1991, the Predecessor Plan; and
(c) Termination of Continuous Service; and
(d) Completion of an application for Early Retirement Pension.
