Examples of Date of Determination in a sentence
The accrued benefits will be computed using the date the Member ceases to accrue Continuous Service as the applicable Date of Determination.
A Member retiring on a Postponed Retirement Date shall be entitled to receive an amount of retirement income payable from the Member’s Postponed Retirement Date and computed in accordance with Article 8 using the Member’s Postponed Retirement Date as the Member’s Date of Determination.
A Member who retires on the Member’s Normal Retirement Date will receive an amount of retirement income computed in accordance with Article 8, using the Member’s Normal Retirement Date as the Member’s Date of Determination.
If the annual retirement income payable to the Member at Normal Retirement Date under this Plan is not more than four percent (4%) of the YMPE as at the Date of Determination, or the lump sum Actuarial Equivalent of such retirement income is less than twenty percent (20%) of the YMPE as at the Date of Determination (or such other larger amount as may be commuted in accordance with Applicable Pension Laws), the University may direct the payment of an Actuarially Equivalent lump sum to the recipient.
A retirement income, payable in accordance with Article 11 and commencing on the last day of the month in which the Member’s Normal Retirement Date occurs, computed in accordance with Article 8 using the Member’s date of termination of employment as his or her Date of Determination.