Delayed Retirement definition

Delayed Retirement means ceasing to be an Employee after the Participant's Normal Retirement Date.

Delayed Retirement means for periods on or after January 1, 2005, a Participant’s Separation from Service; provided that the Participant’s age exceeds 65 and his/her Period of Service is at least 10 years, as of the date of such Separation from Service.

Delayed Retirement. Date shall mean for a Participant who continues his or her Employment beyond the Participant’s Normal Retirement Date or elects to defer the Annuity Starting Date of his or her Retirement Income beyond Normal Retirement Date, the first day of the month that is as soon as administratively feasible following the date on which the Participant (i) has a Termination Date and (ii) properly submits all required elections and documentation to begin the receipt of Retirement Income. A Participant’s Delayed Retirement Date may not be later than the required beginning date set forth in Section 6.03(a)(ii).

Examples of Delayed Retirement in a sentence

• Retirement Planner: Delayed Retirement Credits.” https://www.ssa.gov/planners/retire/delayret.html.

• Accrued benefit based upon FMC and Credited Service as of Delayed Retirement Date.

• The ground work for this offsetting effect had been laid in 1983, when Congress increased the Delayed Retirement Credit (DRC).

• The Delayed Retirement Date is the last day of the month in which you leave active service.

• For each year between the NRA and the EEA, an individual who starts claiming benefits at that age gains 8% points of the PIA per year delayed (the Delayed Retirement Credit, DRC).

• Your Normal Retirement Benefit actuarially increased to your Delayed Retirement Date.Your Delayed Retirement benefit can be paid under the same options as those explained in the Section titled How Your Benefit Is Paid.

• Delayed Retirement BenefitThe amount of your monthly Delayed Retirement Benefit is calculated and paid in the same way as the Normal Retirement Benefit.

• The 1994 proposed output regulations contain special rules for applying the private business tests to output contracts.Among the reasons for special rules for output facilities are that governmentally-owned utilities are often under an open-ended obligation to assure service to their customers and that general public customers are ordinarily required to make continuing payments for service.

• BenefitAccrued Pension determined as of the Early Retirement Date, reduced by the following representative factors specified in the Plan: AgeFactor5540.2%5643.7%5747.5%5851.8%5956.6%6061.9%6167.8%6274.4%6381.9%6490.4% Delayed Retirement EligibilityAny date after Normal Retirement eligibility.

• BenefitAccrued Pension determined as of the Delayed Retirement Date.

More Definitions of Delayed Retirement

Delayed Retirement means the Participant’s Termination of Relationship due to his retirement from the Company and its Affiliates after providing the Company with at least 6 months’ prior written notice of such intended retirement on or after October 7, 2024 (or such earlier date as approved by the Committee in its sole discretion); provided, however, that if the Company involuntarily terminates the Participant without Cause or the Participant dies or incurs a Disability after the Participant delivers the notice described in this sentence, such termination shall not fail to qualify as a “Retirement with Notice” or “Delayed Retirement”, as applicable, by virtue of the termination occurring less than the number of months of the notice period after the notice date, such that, for purposes of this Section 3, the Participant shall not be treated as having had a Termination of Relationship prior to the effective date of the Retirement with Notice or Delayed Retirement, as applicable; and provided, further, that the Committee may, in its sole discretion, waive any such notice, in whole or in part, as may be required for Participant to effect a Retirement with Notice or Delayed Retirement.

Delayed Retirement means retirement after a Participant's Normal Retirement Age.

Delayed Retirement means any voluntary termination by the Executive of his employment on or after June 30, 2012, or any termination by the Company for any reason on or after June 30, 2014; provided that if the Company gives the Executive a notice of non-renewal of the Initial Term, any Renewal Term or the Change in Control Term pursuant to Section 5(a), the Executive’s employment may continue at-will until terminated or shall terminate upon the expiration of the Term and such termination shall be deemed to be a “Delayed Retirement” for purposes of this Agreement. For the avoidance of doubt, termination of the Executive’s at-will employment following non-renewal of this Agreement shall constitute a “Delayed Retirement” for purposes of the Executive’s rights to the Capstone Award, Incremental Capstone and the benefits described in Section 5(h)(iii), each of such rights surviving the Term of this Agreement.

Delayed Retirement means, with respect to a Participant, such Participant's separation from Service after the Plan Year in which such Participant attains the Normal Retirement Age.

Delayed Retirement. If a participant shall remain in service following his normal retirement date, his retirement date shall be the date he shall actually retire. During the period that such participant remains in service pursuant to this Section 4.2, he shall continue to participate for and including each plan year in which he meets the requirements therefor. If an employee not otherwise a participant becomes eligible to enter the plan following his normal retirement date, the provisions of this Section 4.2 shall apply in determining his retirement date.