Minimum Retirement Age Sample Clauses

Minimum Retirement Age. Effective for employees hired after January 1, 2008, the minimum retirement age for employees in miscellaneous Retirement Plan Tier III will be adjusted from fifty (50) to fifty-five (55) with the appropriate requirements.
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Minimum Retirement Age. The minimum retirement age for employees in miscellaneous Retirement Tier III is fifty (50), with the appropriate requirements. Employees hired on or after July 1, 2009 and eligible for retirement benefits will be in Retirement Tier III A, which has a minimum retirement age of fifty-five (55) with the appropriate requirements. Employees hired after January 1, 2012 and eligible for retirement benefits will be in Retirement Tier IV, which has a minimum retirement age of fifty-five (55) with the appropriate requirements.
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Minimum Retirement Age. Effective July 4, 2004, the minimum retirement age for employees in miscellaneous Tiers II and III will be adjusted from 55 to 50 with the appropriate requirements.
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Minimum Retirement Age. There is no minimum retirement age. For information regarding the Municipal Pension Plan, information is available from the Pension Corporation of B.C.
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Related to Minimum Retirement Age

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • 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.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • 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.

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