Examples of Early Retirement in a sentence
The monthly Early Retirement benefit shall be computed in the same manner as the monthly Normal Retirement benefit, but the benefit shall be reduced to account for early commencement of benefits based on the following table.
The monthly Early Retirement benefit shall be computed in the same manner as the monthly Normal Retirement benefit, but the benefit shall be reduced on an Actuarially Equivalent basis in accordance with Section 12.01 of the Basic Plan Document to account for early commencement of benefits.
The provisions of the National Health and Welfare Plan negotiated pursuant to the National Agreement of August as amended and revised; the National Dental Plan of March as amended and revised; and the Early Retirement Major Medical Benefits Plan of October as amended and revised, and the Vision Care Coverage of September National Agreement, as amended and revised, shall be applicable to employes covered by this Agreement [not reproduced].
If you were an active participant and eligible to retire under the Early Retirement Pension at the time of your death, your spouse will receive a Spouse's Pension as if you had retired on the first of the month following the date of your death, elected a 50% Joint and Survivor Annuity payment and then died.
Age 65 Benefit: $1,700 Early Retirement Reduction Factor: X .94 Monthly Life Only Pension: $1,598 DISABILITY RETIREMENT PENSION To be eligible for a Disability Retirement Pension, you must become disabled and apply for a Disability Retirement Pension while you are still an active participant in this Plan.