After Retirement definition

After Retirement. The normal pension is payable for life and guaranteed for 10 years (120 monthly installments). Optional forms of payment are available. Life only, 5 year guarantee,
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After Retirement. Based on the form of pension elected by the member. Where the member has an eligible spouse and did not elect an op- tional form of payment, the following spouse benefit will be payable:
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Examples of After Retirement in a sentence

  • If an employee exceeds the deferred compensation annual maximum contribution limit, any remaining City contributions will be made to the employee’s Medical After Retirement Account (MARA).

  • This share formula is subject to change based on applicable laws pertaining to KPERS Working After Retirement.

  • The District shall maintain in effect, for the term of this Agreement, Board Policy 4117.12 (Employment After Retirement Program).

  • Term Life $100,000.00 AD&D $100,000.00 After Retirement: Permanent Life $2,000.00 Effective Upon Ratification Before Retirement: Total disability benefit to remain basis $10,500.00.

  • I understand that there are other conditions of rehire of retirees that would also apply after the waiting period which are defined and further described at Working After Retirement.

  • Death After Retirement - The Bank agrees that if the Executive shall so retire, but shall die before receiving the full amount of monthly payments to which he is entitled hereunder, it will continue to make such monthly payments to the Executives designated Beneficiary for the remaining period.

  • Upon retirement, members who are not eligible for participation in the Health Benefits After Retirement Program, may, at his own expense, continue participation in the medical insurance program at the prevailing group rates, provided that the member makes timely premium payments to the Township.

  • In the event the employee makes a contribution of up to Two point Five percent of the employee’s base monthly salary toward the Medical After Retirement Account, the City will match such contribution up to One percent (1.0%).

  • The District shall maintain in effect, for the term of this Agreement, Board Policies 4117.11 (Optional Pre-Retirement) and 4117.12 (Employment After Retirement Program).

  • Oregon Senate ▇▇▇▇ 1049 (2019), in relevant part, provides that the 1,039-hour Work After Retirement limit for PERS retirees is removed for calendar years 2020, 2021, 2022, 2023, and 2024.

Related to After Retirement

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Disability retirement for plan 1 members, means the period

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.