Common use of Retirement Date Clause in Contracts

Retirement Date. The normal or regular date of retirement of an employee is the first day of the month following the month in which the employee reached 65 years of age.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Retirement Date. The normal or regular date of retirement of an employee Normal Retirement Date is the first day of the month coinciding with or next following the month in which employee’s 65th birthday. An employee may retire at a reduced pension during the ten (10) year period immediately preceding Normal Retirement Date. If an employee reached 65 years of agecontinues to work with the Company after 65, such employee will nevertheless receive their pension on the Normal Retirement Date.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Union Agreement

Retirement Date. The normal or regular date of retirement of an employee Normal Retirement Date is the first day of the month coinciding with or next following the month in which employee’s 65th birthday. An employee may retire at a reduced pension during the ten (10) year period immediately preceding Normal Retirement Date. If an employee reached 65 years continues to work with the Company after 65, such employee will nevertheless receive their pension on the Normal Retirement Date. Amount: The annual pension benefit shall be the greater of age.(a) or (b) as follows:

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Union Agreement

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Retirement Date. The normal or regular date of retirement of an employee Normal Retirement Date is the first day of the month coinciding with or next following the month in which employee’s 65th birthday. An employee may retire during the ten (10) year period immediately preceding the Normal Retirement Date. If an employee reached 65 years continues to work with the Company after age 65, such employee will nevertheless receive a settlement of agetheir pension on the Normal Retirement Date.

Appears in 1 contract

Samples: Union Agreement

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