Retirement Benefits definition

Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;
Retirement Benefits means any pension, lump sum, gratuity or similar benefit provided or to be provided on or after retirement (including early retirement), death or disability in respect of an Employee’s employment, but excluding benefits provided under an arrangement, the sole purpose of which is to provide benefits on the accidental injury or death of an Automatic Transfer Employee.
Retirement Benefits means the benefits described in Section 3.1(b) hereof.

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.


More Definitions of Retirement Benefits

Retirement Benefits means the benefits set forth in Section 5.1.
Retirement Benefits. (i) The ability to exercise any and all options granted after the Option Effective Date (and any options granted prior to the Option Effective Date but only to the extent that such extension of exercisability would not require the Company to incur a compensation expense for financial statement purposes) to the extent such options are vested as of the date of termination of employment for the earlier of: (i) the term of the option or (ii) five years; and
Retirement Benefits means an annuity, pension, health or
Retirement Benefits. A variety of retirement benefits, including Voluntary Early Retirement and conversion of accrued illness/bereavement leave, continuation of health benefits, monetary retirement benefits, and other Voluntary Early Retirement Plan benefits are eligible for staff as outlined in policy.
Retirement Benefits means benefits payable under Part 7 (retirement benefits); “retirement earned pension” means, in relation to this scheme—
Retirement Benefits means benefits payable by reference to reaching, or expecting to reach, retirement or a particular age or payable by reason of serious ill-health, incapacity or death and any retirement benefit within the meaning of section 255 of the Pensions Xxx 0000.
Retirement Benefits means any annuity payment to retired members, their spouses, beneficiaries or dependents provided for under the plan.