Minimum Retirement Age definition

Minimum Retirement Age shall have the meaning set forth in Section 2(c) hereof.
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Minimum Retirement Age means the minimum retirement age provided under subsection 4(1) and where the Minister prescribes a higher minimum retirement age under subsection 4(2), such higher minimum retirement age.
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Minimum Retirement Age means the earliest age at which a person may qualify to receive a regular, non−disability annuity or a lump sum payment in lieu of an annuity from the Wis- consin retirement system.
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Examples of Minimum Retirement Age in a sentence

  • Your retirement age is 60 and this is in compliance with Section 4 of the Minimum Retirement Age Act 2012 (Act 753).

  • NORMAL PAYMENT DATE shall mean the later to occur of (a) the date upon which the Director attains the Minimum Retirement Age and (b) the date on which the Director ceases to serve as a Director.

  • Subject to Section 2.4, in the event that a Participant becomes disabled prior to the Minimum Retirement Age, the Participant will be entitled to receive a Normal Retirement Benefit calculated as thought the Participant had completed fifteen Years of Service.

  • Upon Retirement, a Participant who has either (i) completed fifteen (15) Years of Service as of the date of Retirement, or (ii) completed at least ten (10) Years of Service and attained Minimum Retirement Age as of the date of Retirement, shall be entitled to receive a Normal Retirement Benefit.

  • Upon Retirement, a Participant who has not either (i) completed at least 15 Years of Service as of the date of Retirement, or (ii) completed ten (10) Years of Service and attained Minimum Retirement Age as of the date of Retirement, shall receive (x) the Normal Retirement Benefit multiplied by (y) a fraction of which the numerator shall be the Director's total Years of Service and the denominator shall be fifteen (15).

  • Minimum Retirement Age shall mean that age, which when combined with years of service to the Company, shall equal 70 provided that the actual age of Employee must be 58 or greater.

  • Upon Retirement, a Participant who has either (i) completed 15 Years of Service as of the date of Retirement, or (ii) completed at least 10 Years of Service and attained Minimum Retirement Age as of the date of Retirement, shall be entitled to receive a Normal Retirement Benefit.

  • Upon Retirement, a Participant who has not either (i) completed at least 15 Years of Service as of the date of Retirement, or (ii) completed 10 Years of Service and attained Minimum Retirement Age as of the date of Retirement, shall receive (x) the Normal Retirement Benefit multiplied by (y) a fraction of which the numerator shall be the Director’s total Years of Service and the denominator shall be 15.


More Definitions of Minimum Retirement Age

Minimum Retirement Age means age 55. Where the Member has a protected pension age for the purposes of Part 3 of Schedule 36 to the Finance Act 2004 the Member’s Minimum Retirement Age shall be their protected pension age (or age 50, if later);
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Minimum Retirement Age means the earliest age at which a person may qualify to receive a regular, non−disability
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Minimum Retirement Age means 62 years of age or, if another minimum retirement age is prescribed by the Minister under section 4(1) of the Act, that prescribed minimum retirement age.
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Related to Minimum Retirement Age

  • Retirement Age means the earlier to occur of:

  • Normal Retirement Age means the Executive's 65th birthday.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Seventy Two Thousand and Sixty One dollars ($72,061) for a period of fifteen (15) years.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.