Early Retirement Benefit definition

Early Retirement Benefit means the retirement benefit payable to a member following early

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Early Retirement Benefit means the Retirement benefit determined under Section 5.2 of this Appendix A upon Employee's Retirement prior to his Normal Retirement Date.

Early Retirement Benefit means the retirement benefit payable to a member following early retirement and is the actuarial equivalent of the accrued portion of the member's service retirement benefit.

Examples of Early Retirement Benefit in a sentence

• Under this Section 4.2, the Director may elect to defer payment of his Early Retirement Benefit until the date elected by the Director on the Election Form, not to exceed the first day of the month following his Normal Retirement Age.

• If applicable, the Early Retirement Benefit provisions may be elected.

• Payment for insurance benefits may be deducted from Early Retirement Benefit payments or made on a monthly basis and submitted to the Business Office of the School Corporation.

• Alternatively, such Participant may elect that the Early Retirement Benefit commence on the Participant's Early Retirement Date or on the first day of any following month prior to his Normal Retirement Date.

• Employee's Early Retirement Benefit shall be paid in the form of an Actuarially Equivalent lump sum, as set forth in Section 5.3(a), unless Employee makes the election described in Section 5.3(b).

More Definitions of Early Retirement Benefit

Early Retirement Benefit means the benefit described in Section 2.2.

Early Retirement Benefit. Early Retirement Benefit means the benefit described in Section 4.2.

Early Retirement Benefit means the Monthly Retirement Benefit Unit multiplied by each calendar year of full-time, active service with Employer completed subsequent to _________ and as of the December 31st immediately prior to attainment of Early Retirement Age.

Early Retirement Benefit means the benefit payable to Executive upon retirement from service after attainment of Executive's sixtieth (60 th) birthday but prior to his Normal Retirement Date.

Early Retirement Benefit means the Annual Base Formula Retirement Benefit, as set forth in Section 6(A) and 6(B), reduced to its equivalent actuarial value from age 62 to the date of initial payment to the Participant based on the early retirement factors in paragraph 3.3(c)(2) of the General Retirement Plan, and subsequently adjusted for any further reduction required under Section 6(C).

Early Retirement Benefit means the Benefit payable to or with respect to a Participant or Former Participant under Section 4.7-A.

Early Retirement Benefit means the annual benefit payable to a Participant under Section 7(B) hereof.