Examples of Actual Retirement Date in a sentence
A Member’s Actual Retirement Date is the first day of the calendar month coincident with or next following the date on which the Continuous Service of a Member terminates and she begins to receive her Pension.
In such event, the payment of benefits to which such Participant has earned entitlement (“Late Retirement Pension”) shall be deferred until his Actual Retirement Date.
Upon the death of a Participant receiving the Normal Form of pension (“Option 1”), his Designated Beneficiary shall receive, in a lump sum, the excess, if any, of his lump sum benefit, as described in Paragraph (b) of Section 8.01, determined at his Actual Retirement Date over the total payment paid by this Plan to the Participant.
All Eligible Employees who are in Organization Levels 5 and above at their Actual Retirement Date are eligible for participation in the Plan upon their Actual Retirement Date.
Streets shall be extended to the boundary lines of the property to be developed, when the City Council determines that the extension is necessary to give street access to, or permit a satisfactory future development of, adjoining land.