Minimum Pension Age definition

Minimum Pension Age means, in relation to any member, former member or ex-spouse participant, age 55 or such lower age at which a pension may be paid to that person in accordance with the pension rules under section 165 of FA 04 without the ill-health condition under paragraph 1 of Schedule 28 to that Act being satisfied.
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Minimum Pension Age means age 50 up to and including 5 April 2010 and age 55 on and from 6 April 2010 (and “MPA” shall have the same meaning);
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Minimum Pension Age means the Member’s 60th birthday or such other date as applied to the Member under the British Rail Pension Scheme on 30th September 1991.
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Examples of Minimum Pension Age in a sentence

  • Similarly, if Relevant RMSPS Benefit of a Partially Discharged RMPP Member is preserved under Rule 3(6) (Benefits payable to Members on retirement) that Member may elect, any time after Minimum Pension Age to take that RMSPS benefit.

  • Similarly, if the Relevant RMSPS Benefit of a Partially Discharged RMPP Member is deferred under Rule 3(8) (Benefits payable to Members on retirement), he or she may elect, any time after Minimum Pension Age to take that RMSPS benefit.

  • No Pension Benefit may be paid to a Member before his or her Normal Minimum Pension Age, unless he or she is suffering from Incapacity.

  • Where this Rule 6.4(a) applies, pension increases under Rule 11 shall apply as from the date on which the preserved pension and lump sum are brought into payment; or (b) where a Member has attained Minimum Pension Age and there are personal circumstances which compel him to give up employment or prevent him from seeking employment the Trustee may, at its sole discretion, bring either the preserved lump sum or the preserved pension or both into payment before Normal Pension Age.

  • In addition, the Normal Minimum Pension Age (NMPA) set by the Finance Act 2004 does not permit retirement from the reformed scheme before age 55, other than retirement on grounds of medical unfitness.


More Definitions of Minimum Pension Age

Minimum Pension Age means age 55 unless a minimum pension age of 50 applies as a consequence of the transitional protections under the Finance Act 2004;
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Minimum Pension Age is 50 years. This means that your pension and gratuity are payable immediately on discharge only if you serve to age 50.
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Minimum Pension Age is 50. This means that a personal pension (and gratuity) is payable immediately on discharge only if:
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Minimum Pension Age means the age chosen by the Designated Employer under Clause 3D except in the case of the 1994 Pensioners “A” and “B” Sections and a Section governed by the rules of the Shared Cost Arrangement where it has the same meaning as in the Rules for the relevant Section.
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Minimum Pension Age means the Member’s 60th birthday.
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Minimum Pension Age means the latter of:
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Minimum Pension Age means age 55 provided that if a Member has a “protected pension age” under schedule 36 to the FA 2004, Minimum Pension Age in respect of that Member shall be that “protected pension age”.
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