Pension Requirements. 69(a) Each Participant attaining his Early Retirement Date, Normal Retirement Date, or Late Retirement Date shall, upon written application to the Directors, filed at least two calendar months prior to the selected retirement date and in accordance with such reasonable rules and regulations therefore as the Directors may establish, be retired and granted a pension. However, the written application may be filed at any time prior to the Early, Normal or Late Retirement Date if the Participant provides an acceptable, as determined in the sole discretion of the Benefits/Appeals Committee, certification by a physician, legally authorized to practice medicine, that the Participant is (A) terminally ill, (B) has a life expectancy of less than two years and (C) because of this illness, the Participant cannot engage in any gainful employment. The Benefits/Appeals Committee, in its discretion, may require the Participant to submit to an examination by a physician selected by the Benefits/Appeals Committee, in which event the Benefits/Appeals Committee shall determine on the basis of all such medical findings whether the two month advance application should be waived. No distribution shall be made to a Participant prior to his Normal Retirement Date unless the Participant gives written consent to the distribution, provided that consent is not required if the actuarial equivalent of the benefit (as determined pursuant to Article IV, Section 16(d)) is equal to or less than the Cash-Out Amount. A Participant must retire concurrently under the Individual Account Plan except (1) as set forth in Article IV, Section 5(c)(2), or (2) if the Participant is vested and has attained Normal Retirement Age under the Individual Account Plan but is not vested in this Plan. Each Participant, provided he completes a timely retirement application, shall be retired and granted a pension within sixty (60) days after the end of the Plan Year during which occurs the later of (1) his attainment of Normal Retirement Date, or (2) his resignation from the Industry.
Pension Requirements. (a) A Teacher intending to retire to pension shall notify the Board in writing of the Teacher's intention to do so not later than the last teaching day in the month of December prior to the calendar year during which the Teacher intends to retire.
