Deferred Pension definition

Deferred Pension means the amount of a participant's Accrued Pension that such participant has elected to defer until a later year pursuant to an election under Section 3.1.

Deferred Pension means a pension for which an eligible member of the system has made application and which is payable as provided in division (A) or (B) of section 5505.16 of the Revised Code.

Deferred Pension means a deferred benefit that is in payment;

Examples of Deferred Pension in a sentence

• Subject to the aggregate limits of Section 4.4, such Participant shall be entitled to receive benefits determined under this Section, in addition to any benefit provided under Section 3.3. Such additional benefits shall be in the form of a retirement supplement, calculated as the difference between an Early Retirement Pension under the provisions of such Base Plan and a Vested Deferred Pension under such Base Plan.

• Due to the operation of an enterprise fund, the Net Pension Liability and Deferred Pension Charges and Credits are allocated between governmental activities and business type activities.

• Amounts paid pursuant to clause (i) above may be paid to and applied against the electing Fund’s Deferred Pension Payments and/or Deferred Interest on a non-pro rata basis.

• Nothing contained in this Agreement shall be construed or interpreted or is intended as a waiver of or limitation on any rights, powers, privileges or remedies that any Fund has or may have under its respective participation agreement(s) or under applicable law with respect to any contributions or other obligations of any of the Obligors to such Fund, other than the Deferred Pension Payments and any other Obligations.

• Executive Incentive Plan, where the sum of such Participant's age and years of service with the Company equals or exceeds 75 at the date of termination, and who is entitled to a Vested Deferred Pension under a Base Plan, the provisions of this Section shall apply.

More Definitions of Deferred Pension

Deferred Pension means a pension benefit, payment of which is deferred until the beneficiary reaches normal retirement age under the pension plan;

Deferred Pension means a pension payable under this Plan to a former employee commencing on the day following his/her normal retirement date;

Deferred Pension means a Pension, payment of which is deferred until the Pension becomes payable in accordance with the provisions of Section 8.03. The Bridging Benefit is excluded from this definition.

Deferred Pension means a pension benefit to which a participant has a vested right upon termination of employment prior to pension age but which is postponed until pension age.

Deferred Pension means the pension benefits, calculated in accordance with the terms of Article 6, to which a Participant becomes entitled as a result of credited service while a Participant of the Plan.

Deferred Pension means the pension payable in accordance with Rule 22(b) of the Old Consolidated Trust Deed and Rules or Rule 53;

Deferred Pension means a pension benefit, payment of which is deferred until the person entitled to the pension benefit reaches the normal retirement date under the pension plan; (“pension différée”)