Normal Retiring Date definition

Normal Retiring Date means the day on which a Member attains normal pension age (within the meaning of the Act) under the Scheme.
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Normal Retiring Date means the day on which a Member attains normal pension age (within the meaning of the Act) under the Plan.
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Normal Retiring Date means the date of a Member’s 65th birth- day, provided that (a) if at any time the pensionable age under the Social Welfare Acts is age 66 or later and the State Pension (Transition) is no longer payable under the Social Welfare Acts, regardless of whether or not the Member would have been entitled to the State Pension (Transition), then Normal Retiring Date shall mean the pensionable age under the Social Welfare Acts that is later than age 65 and (b) a Member may opt to retire on or after his 60th birthday and in the case of such Member Normal Retiring Date means the date on which he retires from the service of the Board.
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Examples of Normal Retiring Date in a sentence

  • Membership of the Scheme must be open to persons who enter employment to which the Scheme relates more than 6 years before Normal Retiring Date.

  • Where death occurs after Normal Retiring Date the pension the Member ‘would have received under Rule 5.1 if he had retired immediately before his death based on his Final Pensionable Earnings at the date of death.

  • Contributions of Contributing Members (other than appropriate contri- butions, hereinafter prescribed, when paid in one lump sum) shall be paid from the date of admission to membership, and shall continue for so long as the Member is in the pay of the Board and has not become a Defined Contribution Scheme Member (but not after Normal Retiring Date).

  • Subject to paragraph (6) of this Sub-rule, the amount of the Spouse's Pension (including any increases therein made up to the date it commences) shall be: - death while a Member before Normal Retiring Date (1) If the Member died in Service before his Normal Retiring Date and before leaving the Plan, equal to 50 per cent.

  • On retirement of a Member from Service before the Normal Retiring Date either at age 50 or over (and with the consent of the Employers if under age 60) having completed 2 years’ Qualifying Service, the Member may (by notice in writing to the Trustees before the proposed date of retirement) opt to receive immediate benefits calculated as described in Rule 5.1, reduced as the Trustees decide to allow for the Member’s age when the pension starts.

  • For example:Total personal contributions £550.00 Less tax(currently at 20% for refunds under £20,000) £110.00 Net amount repaid £440.00 Option 2 Deferred pensionIf the Member has two or more years of Pensionable Service, the pension will be deferred until their Normal Retiring Date (but see Option 3 below).

  • The pension will be calculated as described in Special Rule 4.1 (Normal Retiring Date) (as modified by the other provisions of this Schedule 1 if appropriate).

  • A Member who leaves the Plan at least one year before Normal Retiring Date has the right conferred by Chapter IV of Part IV of the Pensions Act ("the Statutory Transfer Option") to take the cash equivalent of part or all of his benefits under the Plan.

  • Until Normal Retiring Date the Trustees may from time to time require evidence of continued Incapacity and if not satisfied may suspend the pension for any period or periods before Normal Retiring Date.

  • A Member who was classified for pensions purposes as a main board director before 1 October 2002 was also classified for pensions purposes as a senior executive before that date unless the Member’s contract of employment states otherwise.A Member who is a main board director and who leaves Service (not for Total Incapacity) before Normal Retiring Date but either after reaching age 50 or on account of Partial Incapacity, may with the consent of the Principal Employer choose an immediate pension.


More Definitions of Normal Retiring Date

Normal Retiring Date means the 60th birthday in the case of a female Member or Life Assurance Member who leaves the Plan or reaches age 60 before 1st April 1991, the 60th birthday in the case of an Executive Member or Senior Executive Member, and the 65th birthday in the case of any other Member or Life Assurance Member.
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Normal Retiring Date means a Member’s 65th birthday.
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Normal Retiring Date means a Member’s 60th birthday except that in the case of Members who are Hourly Paid Employees and joined the 1972 Scheme before 1 July 1999 it means the Member’s 65th birthday.
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Normal Retiring Date means the Member's 63rd birthday except in the case of:
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Related to Normal Retiring Date

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

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

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

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

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • 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: 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.

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Accrual Termination Date Not applicable.

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

  • Lease Termination Date means the last day of the Lease Term.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.