Joint Survivorship Annuity. Any employee eligible to retire under the terms of this agreement on an early or regular pension may elect to take an actuarially reduced pension to provide for a 66 2/3% joint annuity survivorship pension, applicable to the surviving spouse only. The actuarial reduction table for this is on file with the District.
Appears in 3 contracts
Samples: Working & Wage Agreement, Working & Wage Agreement, Collective Bargaining Agreement
Joint Survivorship Annuity. Any employee eligible to retire under the terms of this agreement on an early or regular pension may elect to take an actuarially reduced pension to provide for a 66 2/3% joint and survivor annuity with a joint annuitant properly designated by the employee, subject to restrictions imposed by tax-qualification requirements. The pension plan document shall set forth the actuarial-reduction for factors for this purpose. survivorship pension, applicable to the surviving spouse only. The actuarial reduction table for this is on file with the District.
Appears in 2 contracts
Samples: Tentative Agreement, Tentative Agreement
