pension definition
Examples of pension in a sentence
From such half -salary shall be deducted monthly the regular deductions for the Teachers' Pension Fund and other deductions authorized by the teacher.
Pension Except as provided in Section 6B.6, in the case of a Participant in the General Church Plan who shall fail to make Required Contributions on or after January 1, 1996, such a Participant’s accrued pension credits as of the date on which such Participant shall fail to make such Required Contributions shall be frozen as of such date, and the General Church Plan 403(b) Offset in the case of such a Participant shall also be determined as of such date.
This Article shall not apply to a Participant receiving a Pension for disability as provided under Sections 5.6 and 5.7, nor shall this Article apply in the event that a Participant has elected the Early Retirement Pension described in Section 5.8. The provisions of this Article shall apply only to Participants who retire on or after January 1, 1983.
Solely with respect to those Participants, widows, and widowers receiving a Pension as of November 1, 1993 (collectively, “retirees”), an additional Pension amount equal to one month’s Pension of such retirees (in the amount payable for November, 1993) shall be paid to such retirees prior to November 30, 1993.
An election by a widow or widower to receive a reduced Pension prior to attainment of age 62 may not be validly revoked except within 30 days after NBUSA’s notice to the widow or widower of NBUSA’s determination of the amount of the reduced Pension payable to such widow or widower.