Deferred Retiree definition

Deferred Retiree means a member who has retired from service in terms of item 1, item 2, item 3, item 4 or item 5 of Schedule 3 and elected that his or her retirement benefit must be retained in the Fund until the election date;
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Deferred Retiree means a member who is eligible for a benefit under Section 8(a) of this article.
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Deferred Retiree means a vested Member who has withdrawn from Service, has not elected to receive a refund of contributions and any applicable interest, and is eligible to receive retirement benefits at a future date.
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Examples of Deferred Retiree in a sentence

  • Deferred Retiree Health Insurance: An employee who has worked for the State for the equivalent of ten (10) full-time creditable years may be eligible to retire, if age 55 years or older (or age 60 or older if entered into state service on/after 4/2/12).

  • Strategy of the Board of Fund towards unclaimed benefits The administrator shall maintain a separate record in respect of benefits due under the Fund which have not been claimed or paid, except in the case of a Deferred Retiree and Preserved Member.

  • Deferred Retiree Health Insurance: An employee who has worked for the state for the equivalent of ten (10) full-time creditable years may be eligible to retire, if age 55 years or older (or age 60 or older if entered into state service on/after 4/2/12).

  • Once you have elected to become a Deferred Retiree, your Fund Credit will be transferred to the Deferred Retiree section.

  • Every Retiree, Deferred Retiree and Beneficiary shall give notice in writing to the Trustee of his place of residence at the time he becomes entitled to any benefit under the Plan, and shall give notice of any subsequent change of residence.

  • Deferred Retiree Health Benefits: An employee who has worked for the State for the equivalent of ten (10) full-time creditable years may be eligible to retire, if age 55 years or older (or age 60 or older if entered into state service on/after 4/2/12).

  • Your insured Death and Permanent and Total Disability cover ceases when you leave service, even if you become a Deferred Beneficiary or Deferred Retiree and leave your benefit in the Fund.

  • Employees who participate in the Defined Contribution Plan and who qualify for medical insurance in retirement may select a Deferred Retiree Health Care option with 15 or more years of service and any age.

  • Deferred Retiree Health Care will be available to enroll in upon attainment of age 60 and provide 1-person (retiree) or 2-person (retiree and spouse or eligible dependent) coverage at the calculation above.

  • The Trustee shall, at the request of the Principal Employer, reimburse any Employer for any Limited Revaluation Premium or Contributions Equivalent Premium paid in respect of any Member or Deferred Retiree (but not so that the amount paid by way of reimbursement exceeds the value of that person’s interest under the Plan, as advised by the Actuary).


More Definitions of Deferred Retiree

Deferred Retiree means a person who is a former Member (having terminated Pensionable Service before his Normal Retirement Date) and who is entitled to a pension under the Plan payable from some future date. For the avoidance of doubt an Enhanced Deferred Member is not a Deferred Retiree.
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Deferred Retiree means a Member who has retired from Service in terms of Rule 5.2 and whose retirement benefit has been retained in the Fund until Retirement From The Fund.
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Deferred Retiree means a MEMBER who has retired from SERVICE in terms of Rule 5.2 (circumstances of retirement from SERVICE) and elected that his retirement benefit shall be retained in the FUND until his RETIREMENT FROM THE FUND, subject to the provisions of Rule 5.1.2 (option to transfer retirement benefit to an APPROVED RETIREMENT ANNUITY FUND or APPROVED PRESERVATION FUND prior to RETIREMENT FROM THE FUND).
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Deferred Retiree means a MEMBER who has retired from SERVICE in terms of Rule 6(1), Rule 6(2), Rule 6(3) or Rule 6(4) and elected that his retirement benefit shall be retained in the FUND until the ELECTION DATE. The provisions of Rule 6(13) shall apply to a DEFERRED RETIREE.
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Deferred Retiree means a MEMBER who has retired from SERVICE in terms of Rule 7(1) or Rule 7(4) and elected that his retirement benefit shall be retained in the FUND until RETIREMENT FROM THE FUND.
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Related to Deferred Retiree

  • 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.

  • 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.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • 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 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.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • 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)).

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

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • 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.

  • Severance from Service Date means the earlier of:

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • 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.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • 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.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Compensation Accrued at Termination means the following:

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

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

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

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • 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.

  • Termination Benefit means the benefit set forth in Article 7.

  • Public employees retirement system means the retirement plan and program