Retirement Date definition
Examples of Retirement Date in a sentence
If the Employer elected in Item AA(1)(a) or AA(2) to include life annuities as the automatic form of retirement benefit or as optional forms of distribution, unless a qualified election has been made, for purposes of distributing any death benefits before the Participant’s Retirement Date, the Beneficiary of a Participant who has a spouse who is entitled to a Qualified Preretirement Survivor Annuity shall be the Participant’s spouse.
Such election must be made before his Normal Retirement Date or the date he has a Severance from Employment, if later.
If the Participant has a Severance from Employment before his Retirement Date, he may elect to have the ownership of the Insurance Policy transferred as provided in (b) above.
For example, the Participant’s Retirement Date or Required Beginning Date, as defined in Section 7.02.
On a Participant’s Retirement Date, any Insurance Policy on his life, the ownership of which has not been transferred to him, shall terminate.