Pension Date definition

Pension Date means the first day of the month in which the employee retires in accordance with the terms of the plan or the first day of the month in which the employee's permanent disability is finally established, provided the employee's written application is received by the Pension Board not later than the end of the month following the month of such retirement or establishment of permanent disability; otherwise the pension dates shall be the first day of the subsequent month in which said written application is received by the Pension Board.
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Pension Date means the first day of the calendar month in which the Employee retires in accordance with the terms of this Plan, or Permanent disability is finally established.
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Pension Date the effective start date of Income Withdrawal or Drawdown Pension under Rule 10;
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Examples of Pension Date in a sentence

  • The Supplier or Relevant Sub-contractor will bear the cost of any actuarial assessment required in order to assess the employer's contribution rate and Bond value in respect of any Eligible Employee who elects to join the LGPS on or after the Effective Pension Date.

  • The employee's Pension will include any escalation benefits which occur from normal retirement date to his Pension Date.

  • Current employees at the date of whose Earliest Pension Date falls beyond their birthday and who elect to retire under the Pension Plan.

  • The employee's Pension shall become payable as of the first day of the month immediately following the month the employee ceased to be employed with the Company or as of the first day of the month immediately preceding the employee's seventy-first (71) birthday, whichever shall first occur (the "Pension Date").

  • For example, if a Participant has 25 Benefit Units (10 Past Service and 15 earned since the Contribution Commencement Date (see section 9 of this Part Two)), and the Benefit Level is $30 at his/her Age Pension Date, the Age Pension will be 25 x $30 or $750/month before any reduction because the Participant’s Age Pension Date is before the Normal Retirement Date (see section 6.01 of the Plan) and/or because the Post-Retirement Spousal Benefit (see section 7.01 of the Plan) is applicable.

  • An employee's Pension benefits will be actuarially reviewed effective as at the Pension Date having regard to the employee's Pension having been deferred since normal retirement date.

  • Basic Pension Date of Basic Benefit Determination On or after June On or after February Rate a Supplemental Pension ) The amount of Si ember's Date of Benefit Rate.

  • For the purposes of calculating the employer's contribution rate, any termination payment, and any other sums due to the administering authority under the Admission Agreement, the Authority shall ensure that the Eligible Employees' past service benefits accrued prior to the Effective Pension Date are fully funded as at the Effective Pension Date, as determined by the Authority’s actuary.

  • An employee’s Pension benefits will he actuarially reviewed effective as at the Pension Date having regard to the employee’s Pension having been deferred since his normal retirement date.

  • Pension Date of ratification $1.24/hr October 15, 2009 $1.24/hr October 15, 2010 $1.30/hr Pension for ALL compensated hours.


More Definitions of Pension Date

Pension Date means the date described in clause 19.
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Pension Date in relation to a member means the day before his 65th birthday or such day as may be notified to the member in writing by the Company.”
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Pension Date is the effective start date of an annuity or income withdrawals under an arrangement. Each separate arrangement may have a different pension date.
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Pension Date means the date specified on the schedule. It will be the normal retirement date of the Member under the Scheme just before the Date of Commencement.
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Pension Date means in respect of any particular Scheme Member the date described in the Records as being his Pension Date
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Related to Pension Date

  • Extension Date has the meaning specified in Section 2.19(b).

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

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • 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).