Examples of Applicable Factor in a sentence
Age Attained When Pension Applicable Pension Commences Factor 55 .579 56 .635 57 .694 58 .752 59 .808 60 .867 61 .933 62 or over 1.000 provided that the Applicable Factor is prorated for intermediate ages computed to the next whole month.
Notwithstanding the foregoing, for any Employee retiring on or after April 1, 1996, and who has at least 30 years of Credited Service such Employee may retire in any calendar year, and the Applicable Factor for such Employee shall be 1.000.
Any member who retires prior to his Normal Retirement Date in accordance with the provisions of Article shall receive his Accrued Pension multiplied by the applicable factor as set forth in the following table: Age Attained When Pension Commences Applicable Factor provided that the applicable factor is pro-rated for intermediate ages computed to the next whole month.
Any member who retires prior to his Normal Retirement Date in accordance with the provisions of shall receive his Accrued Pension multiplied by the applicablefactor as set forth in the following table: Age Attained When Pension Commences Applicable Factor provided that the applicable factor is pro-rated for intermediate ages computed to the next whole month.
In addition, if an Index Interest Rate is to be in effect immediately following such Conversion Date, such Conversion Notice shall state (1) whether such Index Interest Rate shall be a SIFMA Index Rate or a LIBOR Index Rate, (2) the new Bank Purchase Date, (3) the new Applicable Spread and (4) if such Index Interest Rate shall be a LIBOR Index Rate, the new Applicable Factor.