Examples of Retirement Benefits in a sentence
Retirement benefits set forth in Section 2 and Section 3 are available for all eligible employees regardless of their hire date.
The present value of the future Retirement and Early Retirement benefits contained in the 2003-06 Agreement will be reduced by the Social Security and Medicare taxes (FICA) that would have been payable if the Retirement Pay benefits contained in the 2003-06 Agreement had been paid directly to the employee.
The assumed interest rate for purposes of determining the present value of the Retirement and Early Retirement benefits contained in the Prior Agreement is four and one-half percent (4.5%) for the 2004-05, 2005-06, and 2006- 07 school years and seven and one quarter percent (7.25%) per year thereafter.
The Employer may elect to provide a terminated vested death benefit, to be payable in the event that a Participant who is vested dies after termination of employment but before Retirement benefits commence.
However, that coverage will cease at such time that the teacher is no longer entitled to Supplemental Retirement benefits under 9.500 OR would no longer have been entitled to Supplemental Retirement benefits under 9.500 had the teacher not received a buy-out under 9.000.