Common use of Postponed Retirement Benefits Clause in Contracts

Postponed Retirement Benefits. Those Participants working past Normal Retirement Date will be entitled to a retirement benefit of: ☐ a. The Accrued Benefit based on Compensation and Credited Service at actual retirement commencing at the Participant’s actual retirement. ☐ b. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date commencing at the Participant’s actual retirement. ☐ c. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date or the Actuarial Equivalent of the Accrued Benefit as of the first day of each Plan Year after the Participant's Normal Retirement Date and before his actual retirement commencing at the Participant’s actual retirement. ☐ d. The Accrued Benefit as of his Normal Retirement Date, adjusted annually with payment commencing at the Participant’s Normal Retirement Date: (Select one of d.1 through d.4) ☐ d.1.on the anniversary of the Participant's Normal Retirement Date ☐ d 2.each December 31 ☐ d.3.on the first day of the Plan Year ☐ d.4.on the last day of the Plan Year

Postponed Retirement Benefits. Those Participants working past Normal Retirement Date will be entitled to a retirement benefit of: ☐ a. The Accrued Benefit based on Compensation and Credited Service at actual retirement commencing at the Participant’s actual retirement. . ☐ b. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date commencing at the Participant’s actual retirement. . ☐ c. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date or the Actuarial Equivalent of the Accrued Benefit as of the first day of each Plan Year after the Participant's Normal Retirement Date and before his actual retirement commencing at the Participant’s actual retirement. . ☐ d. The Accrued Benefit as of commencing at his Normal Retirement Date, adjusted annually with payment commencing at a the Participant’s Normal Retirement Date: (Select one of d.1 through d.4d.3) ☐ d.1.on d.1. on the anniversary of the Participant's Normal Retirement Date ☐ d 2.each d.2. each December 31 ☐ d.3.on d.3. on the first day of the Plan Year ☐ d.4.on the last day of the Plan Year

Postponed Retirement Benefits. Those Participants working past Normal Retirement Date will be entitled to a retirement benefit of: ☐ a. The Accrued Benefit based on Compensation and Credited Service at actual retirement commencing at the Participant’s actual retirement. ☐ b. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date commencing at the Participant’s actual retirement. ☐ c. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date or the Actuarial Equivalent of the Accrued Benefit as of the first day of each Plan Year after the Participant's Normal Retirement Date and before his actual retirement commencing at the Participant’s actual retirement. ☐ d. The Accrued Benefit as of his Normal Retirement Date, adjusted annually with payment commencing at the Participant’s Normal Retirement Date: (Select one of d.1 through d.4) ☐ d.1.on d.1. on the anniversary of the Participant's Normal Retirement Date ☐ d 2.each d.2. each December 31 ☐ d.3.on d.3. on the first day of the Plan Year ☐ d.4.on d.4. on the last day of the Plan Year

Postponed Retirement Benefits. Those Participants working past Normal Retirement Date will be entitled to a retirement benefit of: ☐ o a. The Accrued Benefit based on Compensation and Credited Service at actual retirement commencing at the Participant’s actual retirement. ☐ o b. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date commencing at the Participant’s actual retirement. ☐ o c. The greater of the Accrued Benefit based on Compensation and Credited Service at actual retirement or the Actuarial Equivalent of the Accrued Benefit as of the Normal Retirement Date or the Actuarial Equivalent of the Accrued Benefit as of the first day of each Plan Year after the Participant's Normal Retirement Date and before his actual retirement commencing at the Participant’s actual retirement. ☐ o d. The Accrued Benefit as of commencing at his Normal Retirement Date, adjusted annually with payment commencing at a the Participant’s Normal Retirement Date: (Select one of d.1 through d.4) ☐ o d.1.on the anniversary of the Participant's Normal Retirement Date ☐ d 2.each o d.2.each December 31 ☐ o d.3.on the first day of the Plan Year ☐ o d.4.on the last day of the Plan Year