Common use of Payment of Frozen Non-Con Pension Clause in Contracts

Payment of Frozen Non-Con Pension. i. The full annual frozen Non-Con retirement pension for persons meeting the requirements of sub-paragraph 189a above, shall commence at the first of the month following attainment of age sixty-five (65) if retirement has occurred. If retirement occurs between ages sixty-two (62) and sixty-five (65), pension benefits may begin prior to age sixty-five (65); but the benefits will be actuarially reduced to the extent retirement occurs prior to age sixty-five (65).

Payment of Frozen Non-Con Pension. i. The full annual frozen Non-Con retirement pension for persons meeting the requirements of sub-paragraph 189a 192a above, shall commence at the first of the month following attainment of age sixty-five (65) if retirement has occurred. If retirement occurs between ages sixty-two (62) and sixty-five (65), pension benefits may begin prior to age sixty-five (65); but the benefits will be actuarially reduced to the extent retirement occurs prior to age sixty-five (65).