Early Retirement Benefit definition

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

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

• 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.

• Early Retirement Benefit for employees retiring on or after completion of 20 years of service, but their benefit shall be based upon 2.0% times Final Average Compensation times years of credited service.

• Unless a lump sum benefit is elected, the amount of Early Retirement Benefit will be the monthly annuity benefit provided by the annuity or annuities purchased with amounts in the Participant's Individual Account, as provided in Article VI, Section 1.

• The purpose of the Early Retirement Benefit Program is to allow certificated employees to participate in the State Teachers Retirement System Early Retirement Program.

• Any employee electing to participate in the Early Retirement Benefit Program shall notify the District of their intent to retire no later than February 1st of the school year preceding retirement.

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 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 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 pursuant to Section 4.2.

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

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