Age at Retirement definition

Age at Retirement means the age of the Member on June 30 (for July 1 retirement) or December 31 (for January 1 retirement) of the calendar year in which they elect to retire.
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Age at Retirement means the Participant's whole age as of his or her last birthday that precedes or coincides with the Participant's date of retirement.
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Examples of Age at Retirement in a sentence

  • The University may offer and an Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts: % of regular gross earnings Age at Retirement earned in the calendar year immediately prior to date of retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% The University may opt to pay the early retirement incentive in three (3) equal payments over a thirty- six (36) month period.

  • Age at Retirement PO/FF A Formula (3% at age 50) G.C. 21363.8 PO/FF B Formula (2.5% at age 55) G.C. 21363 PEPRA PO/FF Formula (2.5% at age 57) – G.C. 7522.25(c) Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E.

  • Age at Retirement Factors 50 1.0000 50-1/4 1.0175 50-1/2 1.0350 50-3/4 1.0525 51 1.0700 51-1/4 1.0875 51-1/2 1.1050 51-3/4 1.1225 52 1.1400 52-1/4 1.1575 52-1/2 1.1750 52-3/4 1.1925 53 1.2100 53-1/4 1.2275 53-1/2 1.2450 53-3/4 1.2625 54 1.2800 54-1/4 1.2975 54-1/2 1.3150 54-3/4 1.3325 55 and over 1.3500 Effective June 21, 1993, the Retirement Allowance Factors covered by the City contracted PERS Plan shall be applicable.

  • The Fund delivers member and retiree information to the Commonwealth on a monthly basis including: Retiree Number, Employee Number, First and Last Name, Monthly Benefit, Annual Benefit, Compensation Offset or Court Order, Date of Retirement and Age at Retirement.

  • Age at Retirement State Safety A Formula (2.5% at age 55) G.C. 21369.1 State Safety B Formula (2% at age 55) G.C. 21369 PEPRA State Safety Formula (2% at age 57) G.C. 7522.25(b) Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E.

  • Name of Insured Date of Retirement Age at Retirement Retirement Plan Amount of Basic Life Insurance Coverage* Amount of Group Universal Life Insurance *The amount of basic life insurance coverage is subject to annual reductions beginning as of the first day of the month after the month in which you reach age 66.

  • Age at Retirement Minimum Completed Years of Credited Service 55 30 56 29 57 28 58 27 59 26 The amount of the M.F.R.A. paid to qualifying employees by the Company shall be determined as at the date of retirement.

  • Name Plan/Tier Age at Retirement - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - VARIABLES:A.

  • Age at Retirement = 55 Benefit Service = 20 years Final Pay = $50,000 PARS Monthly Lifetime Benefit = $416.66 A complete description of plan provisions is provided in the attached Plan Summary Document.

  • Table 2: The Age Factors under Option C Age at Retirement For instance, anyone retiring after reaching age 65, holding service years and HAPC constant, receives the same pension under Option C as would have been the case with the current UCRP.

Related to Age at 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.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • 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

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

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

  • Normal Retirement Age means the Executive's 65th birthday.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Public employees retirement system means the retirement plan and program

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Retirement Eligibility means Employee’s attainment of 60 years of age and ten years of continuous employment with Corporation.

  • Early Retirement Benefit means the retirement benefit payable to a member following early