Early Retirement Reduction Sample Clauses

Early Retirement Reduction. Factors - Annual Age 61 - 4% reduction in retirement benefit Age 60 - 8% reduction in retirement benefit Age 59 - 14% reduction in retirement benefit Age 58 - 20% reduction in retirement benefit Age 57 - 26% reduction in retirement benefit Age 56 - 32% reduction in retirement benefit Age 55 - 38% reduction in retirement benefit Early Retirement Reduction Factors - Monthly From age 60 to age 62 - 0.33% per month From age 55 to age 60 - 0.5% per month It is agreed that the retirement benefits provided by the Pension Plan for employees in the bargaining unit (including changes negotiated in this Collective Agreement) shall not be changed without the agreement of the Union during the operation of this Collective Agreement, except for changes which are necessary in order to comply with legislation or to protect the value of retired members’ benefits against inflation.
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Early Retirement Reduction. Factors - Annual Age 61 - 4% reduction in retirement benefit Age 60 - 8% reduction in retirement benefit Age 59 - 14% reduction in retirement benefit Age 58 - 20% reduction in retirement benefit Age 57 - 26% reduction in retirement benefit Age 56 - 32% reduction in retirement benefit Age 55 - 38% reduction in retirement benefit Early Retirement Reduction Factors - Monthly From age 60 to age 62- 0.33% per month From age 55 to age 60- 0.5% per month
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Early Retirement Reduction. Factor* x 0.85 ------------- Total All Service Early Retirement Benefit N/A N/A N/A $ 432.01
Sample 1
Early Retirement Reduction. Retirement Retirement At Age Benefit Percent Normal 64 95% 63 90% 62 85% 61 80% 60 75% 59 70% 58 65% 57 60% 56 55% 55 50% All Genetic Counselors and Genetic Counselor Coordinators are eligible to participate in the Xxxxxx Permanente 401(k) Plan on date of hire. Genetic Counselors and Genetic Counselor Coordinators may contribute to the Plan on a pre-tax basis and have a variety of investment options.
Sample 1

Related to Early Retirement Reduction

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

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