Postponed Pensioner definition

Postponed Pensioner means a Former Member still in Service with the consent of the Employer after his Normal Pension Age and who has therefore ceased to pay Member Contributions.
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Postponed Pensioner means a Member, who on ceasing to be an Active Member under Rule 36(b) or Rule 84(c) (as appropriate), remains in employment with the Firm and is entitled to a Postponed Pension.
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Postponed Pensioner means a Former Member still in Service with the consent of the Employer after his Normal Retirement Date.
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Examples of Postponed Pensioner in a sentence

  • The lump sum shall be equal to three times the Member's Total Revalued Annual CRB Pension.Any retirement lump sum payable under this Rule 57.7 shall be adjusted by such amount as the Trustee shall decide after consulting the Actuary if the Member, Deferred Pensioner or Postponed Pensioner receives his lump sum on any date other than the date on which he attains his Normal Pension Age.

  • The Trustee may with the consent of the University and of the Member, Postponed Pensioner or Deferred Pensioner in question transfer the value of the additional voluntary contributions paid by the Member, Postponed Pensioner or Deferred Pensioner under Rule 26.2 to an Other Scheme chosen by the Member, Postponed Pensioner or Deferred Pensioner and Rules 30.3(b) and 30.8 shall apply.

  • Subject to Rule 55.3, where a Postponed Pensioner or Deferred Pensioner starts to draw his pension after Normal Pension Age it shall be increased (if at all) in respect of the period between: (i) Normal Pension Age or, if later, the date on which the Deferred Pensioner or Postponed Pensioner ceased to be a Member; and (ii) its commencement by such amount as the Trustee shall decide after consulting the Actuary.

  • Where a Pre-2013 Member, Postponed Pensioner or Deferred Pensioner who, in each case, has paid additional contributions under Rule 45.6 {members' contributions} starts to draw his pension after age 60 the part of his pension which relates to Pensionable Service in respect of which such additional contributions were paid shall be increased in respect of the period between age 60 and its commencement by such amount as the Trustee shall determine.

  • On the death of a Postponed Pensioner Rules 62.1 - 62.6 will apply on the footing that he had retired immediately before his death and if the Postponed Pensioner was entitled to a retirement lump sum under Rule 57.7 {lump sum on retirement} Rule 25 {discretionary trust of lump sums} applies.

  • The Child’s Allowance is payable in accordance with Rules 65.2 - 65.6 to or for the benefit of the Eligible Children of the deceased Member, Pensioner, Postponed Pensioner or Deferred Pensioner.

  • Subject to Rule 35 {production of evidence}, a Member, Postponed Pensioner or Deferred Pensioner may elect, by giving the Trustee notice in writing not more than 6 months before his pension starts to be paid and no later than the due date for the payment of the first instalment of that pension, to receive a reduced pension in return for a pension payable under Rule 56.2 on his death.

  • A Member, a Deferred Pensioner or a Postponed Pensioner who draws a pension under the Scheme under Rule 52 {normal retirement}, Rule 53 {incapacity}, Rule 54 {early retirement} or Rule 55 {late retirement} must draw all elements of his pension at the same time and the Trustee will make such adjustments to the pension and any retirement lump sum which are appropriate (if any) on account of different early retirement pivot ages applying to different periods of Pensionable Service.

  • Any retirement lump sum payable under this Rule 57.7 shall be adjusted by such amount as the Trustee shall decide after consulting the Actuary if the Member, Deferred Pensioner or Postponed Pensioner receives his lump sum on any date other than the date on which he attains his Normal Pension Age.

  • Your Pensionable Salary for the purpose of this calculation will be based on your Pensionable Salary (or Notional Pensionable Salary as determined by Network Rail) Late retirement If you continue working for the Company after Normal Pension Age you can choose to remain a contributing member of the Scheme and carry on building up pension benefits, or choose to stop contributing at age 65 and become a Postponed Pensioner.

Related to Postponed Pensioner

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Retirement Benefit means the benefit set forth in Article 5.

  • Pensioner means any person who is receiving a pension, other than

  • Regular primary election means the election on the fourth Tuesday of June of

  • Required Beginning Date means April 1 of the calendar year following the later of:

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Election cycle means the period beginning on the first day persons are eligible to

  • 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.

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • LCA Election has the meaning specified in Section 1.09(a).

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • 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.

  • Termination Benefit means the benefit set forth in Article 7.

  • Regular account means the account established for each active and inactive member un-

  • Payment Election means an election pursuant to Section 5.1.

  • Primary election means any regular primary election held under the election