Pension Date definition

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 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 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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Examples of Pension Date in a sentence

  • At Pension Date you may, subject to the conditions set out in the rest of this section, choose from the following Benefits: • Tax-Free Cash (officially known as a pension commencement lump sum) • Pension drawdown; (a flexible retirement income) • A lump sum taken directly from your Pension Savings Account (known as an Uncrystallised Withdrawal) • An annuity; (a guaranteed income for life) or • A combination of the options above.

  • You can use some or all of your account(s) to buy an annuity at Pension Date from an annuity provider before, after, as well as or instead of taking pension drawdown.

  • At Pension Date you may, subject to the conditions set out in the rest of this section, choose from the following Benefits: • Tax-Free Cash (officially known as a pension commencement lump sum) • Pension drawdown; (a flexible retirement income) • A lump sum taken directly from your Pension Savings Account (known as an Uncrystallised Withdrawal) • An annuity; (a guaranteed income for life) or • A combination of the options above.

  • You will normally be eligible to take a portion of your Pension Savings Account(s) as tax-free cash at your Pension Date.

  • You need not wait until your Pension Date to submit evidence of your date of birth; the earlier you submit evidence, the better.

  • 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 his normal retirement date.

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

  • Once you become vested, it does not matter what happens after that time, you will be entitled to receive your pension benefit at your Normal Pension Date (or your Early Pension Date, if eligible).

  • 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").

  • In the period between the Normal Pension Date and 10 years after, the Participant has the right to postpone the pension date on a yearly basis.


More Definitions of Pension Date

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 described in clause 19.
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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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Pension Date the effective start date of Income Withdrawal or Drawdown Pension under Rule 10;
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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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Related to Pension Date

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Accrual Termination Date Not applicable.

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

  • 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.

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

  • Succession Date means the legally effective date of an event in which one or more entities succeed to some or all of the Relevant Obligations of the Reference Entity; provided that if at such time, there is a Steps Plan, the Succession Date will be the legally effective date of the final succession in respect of such Steps Plan, or if earlier (i) the date on which a determination pursuant to Section 2.2(a) would not be affected by any further related successions in respect of such Steps Plan, or (ii) the occurrence of an Event Determination Date in respect of the Reference Entity or any entity which would constitute a Successor.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • 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.

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

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

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

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

  • Pension reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any retirement allowance or benefit in lieu of any retirement allowance, granted to a member or beneficiary under this chapter.

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

  • 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).

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Extended benefit period means a period which:

  • Funding Termination Date means the Business Day immediately preceding the ------------------------ Remittance Date occurring in the calendar month that is the third calendar month following the calendar month of the Closing Date, or November 30, 2001.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Reversion Date has the meaning assigned to such term in Section 4.19.

  • 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.

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Commercial Agreement or disposition of all Assets pursuant to this Agreement or the Commercial Agreement.