Common use of Reduction Based on Clause in Contracts

Reduction Based on. “Age Plus Service = 85 or 90” - Your pension will be reduced by 0.33% for each complete month that your age plus service at retirement is less than 90 for service prior to August 1999 and less than 85 for service after July 1999.

Reduction Based on. “Age Plus Service = 85 or 90” - Your pension will be reduced by 0.33% for each complete month that your age plus service at retirement is less than 90 for service prior to August 1999 and less than 85 for service after July 199990.