Retirement Dates. The normal retirement date of a member is the first day of the month next following or coincident with age 65. A member may retire on the first day of any month on or after his or her 55th birthday. A member must retire (from the pension plan) no later than December 1st in the year in which the Member attains age 71.
Retirement Dates. All teachers are advised to retire only at the end of the first half of a school year or at the conclusion of a school year. Teachers are encouraged to provide a notice of retirement prior to the start of the school year during, or after, which they intend to retire.
Retirement Dates. (a) Normal Retirement - The Normal Retirement Date is the first day of the month following the Member's sixty- fifth (65th) birthday.
(b) Early Retirement - Early Retirement will be permitted at the election of the Member on or after the first day of any month following attainment of age fifty-five (55).
Retirement Dates. 31.01 (a) The compulsory retiring age for Teachers shall be sixty-five (65). In the year in which the age of sixty-five (65) is reached, that Teacher shall retire on either:
(i) June 30th of that year if the Teacher’s birthday is before September 1st, or
(ii) June 30th of the following year if the Teacher’s birthday is on or after September 1st.
Retirement Dates. Normal retirement age is 65. You may elect to retire before age 65, on the first day of any month following your 55th birthday. Alternatively, if you are employed past age 65, you will continue to participate in the plan and your pension will commence when you retire or when you reach age 71, whichever occurs first.
Retirement Dates. (a) Commencing January 1, 1988, the normal retirement date for all employees participating in this Plan shall be the earlier of the first (1st) day of the month following attainment of sixty (60) years of age, or the first (1st) day of the month following attainment of fifty-five (55) years of age and completion of five (5) years of employ-ment. For purposes of determining the completion of five (5) years of employment, the years of employment of an employee of Old American Insurance Company prior to November 1, 1991 shall not be taken into account.
(b) For the purposes of this Plan, a participant who reaches his normal retirement date shall be deemed to have retired on such date and shall thereupon become entitled to the retirement benefits herein, except as provided in Subparagraph (c). The value of all contributions allocated to his respective accounts shall be one hundred percent (100%) vested.
(c) A participant may continue his employment for purposes herein beyond his normal retirement date, and the participant will commence receiving benefits on his actual retirement date; provided, however, distributions to a five percent (5%) owner of the Company as defined in the Internal Revenue Code shall commence no later than April 1st of the calendar year following the calendar year in which he attains age seventy and one-half (70 1/2), and distributions to other participants shall commence no later than April 1st of the year in which such other participant attains the age of seventy and one-half (70 1/2), unless such other participant shall have attained age seventy and one-half (70 1/2) prior to January 1, 1988 and was not a five percent (5%) owner at any time during the period beginning with the Plan year ending with the year in which he attained age sixty-six and one-half (66 1/2) and any subsequent year. Contri-butions may be continued until such actual retirement date at the option of the participant. Effective January 1, 1989, the minimum distribution and the minimum dis-tribution incidental benefit requirements of Internal Revenue Code Proposed Regulations 1.401(a)(9)-1 and 1.401(a)(9)-2 are hereby incorporated by reference. Effective January 1, 1997, for participants other than a five percent (5%) owner of the Company, distributions shall commence no later than April 1st of the calendar year following the later of:
(i) the year in which the participant attains age 70 1/2, or
(ii) the year in which the participant retires.
Retirement Dates. 1. The Normal Retirement Date shall be: [ ] a. Age 65 [ ] b. The later of Age 65 or the fifth anniversary of the Participant's initial Plan participation.
Retirement Dates. (a) Normal Retirement Date Paragraph 8.1 A participant's Normal Retirement Date shall be the day the Participant reaches age_________.
(b) Early Retirement Date Paragraph 8.3
Retirement Dates. (A) The normal retirement date for a participant in the plan shall be the 1st of the month following his 65th birthday.
(B) A participant shall be eligible to elect early retirement following his completion of at least 10 years continuous service and attainment of age 55.
(C) If you become disabled while employed by UTC, full benefits can begin as early as the first day of the month after you have been disabled for one year, provided you have at least 10 years of continuous service and you are receiving Social Security disability benefits.
Retirement Dates. Each Member who has attained his or her Normal Retirement Date may retire under this Section 4.01 and shall be entitled to a Retirement Benefit payable in an amount and in a manner as set forth in Sections 6.01 and 8.01.
