Examples of Earliest Retirement Age in a sentence
In either case, the Participant may elect to have such annuity distributed upon his attainment of the Earliest Retirement Age under the Plan.
For purposes of this paragraph, the term Earliest Retirement Age means the earlier of (1) the date on which the Participant is entitled to a distribution under this Plan, or (2) the later of (i) the date the Participant attains age 50, or (ii) the earliest date on which the Participant could receive benefits under this Plan if the Participant terminated employment with the Employer.
Furthermore, the benefit payment (or the commencement of benefit payments) can be made even if the affected Participant has not yet reached the Participant's Earliest Retirement Age.
In the case of a vested Participant who dies on or after his Earliest Retirement Age and before commencement of his benefit under the Pension Plan, the Participant’s Surviving Spouse shall be paid a monthly benefit beginning as of the first day of the month next following the calendar month in which the Participant dies and continuing through the month in which the Surviving Spouse dies.
Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies after the Earliest Retirement Age the Participant's surviving Spouse, if any, will receive the same benefit that would be payable if the Participant had retired with an immediate Qualified Joint and Survivor Annuity on the day before the Participant's date of death.