Early Retirement Factor definition

Early Retirement Factor means the reduction factors used to calculate early retirement benefits under the A&B Retirement Plan for participants of such plan who retire from active service at or after attaining age 55.

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Early Retirement Factor means the reduction defined in Section 4.02(e).

Early Retirement Factor means the early

Examples of Early Retirement Factor in a sentence

Washington State law requires reporting of any contractor, independent contractor or personal service contractor that has retired from the State of Washington using the 2008 Early Retirement Factor (ERF).
The Contractor must notify the NWESD Contract Manager if the individual(s) performing the work or the Contractor’s owner used the 2008 Early Retirement Factor (ERF) to retire from the Washington State Public Employees’ Retirement System (PERS); School Employees’ Retirement System (SERS); or Teachers’ Retirement System (TRS).
The Early Retirement Factor shall be multiplied by the employee’s current base salary in the year the instructor elects early retirement.
The District must notify the NWESD Contract Manager if the individual(s) performing the work or the District’s owner used the 2008 Early Retirement Factor (ERF) to retire from the Washington State Public Employees’ Retirement System (PERS); School Employees’ Retirement System (SERS); or Teachers’ Retirement System (TRS).
The District must notify the NWESD Contract Manager if the individual(s) performing the work or the District's owner used the 2008 Early Retirement Factor (ERF) to retire from the Washington State Public Employees' Retirement System (PERS); School Employees' Retirement System (SERS); or Teachers' Retirement System (TRS).

More Definitions of Early Retirement Factor

Early Retirement Factor means 100% minus 0.41667% times the number of months the Employee’s age at his Early Retirement Date precedes his age 60.

Early Retirement Factor means the reduction defined in

Early Retirement Factor means an adjustment to the pension

Early Retirement Factor means 100% minus one-half of one percent (.5%) for each month by which the SPP Commencement Date precedes the date the Employee would have attained age 60, with any partial final month to be rounded to the closest whole month.

Early Retirement Factor means, in relation to a Member:

Early Retirement Factor means an amount by which a Benefit will be reduced because the Retiree’s Benefit Commencement Date precedes his/her Normal Retirement Date. The amount of the reduction shall be equal to 5% for each year and 1/12th of 5% for each month of a fractional year by which the Benefit Commencement Date precedes the first date of the month coincident with or next following the 62nd anniversary of the Member’s birth.

Early Retirement Factor means 100% minus 0.41667% times the number of months the Employee’s age at his Early Retirement Date precedes his Normal Retirement Date.