Retirement pension benefit definition

Retirement pension benefit means an allowance, right, accrued right, or other pension benefit payable under a defined benefit pension plan to a participant in the plan or a beneficiary of the participant.
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Retirement pension benefit means an allowance, right,
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Examples of Retirement pension benefit in a sentence

  • An Early Service Retirement pension benefit is as follows:2.1% of FAS x years of credited service (for first 20 years)-plus-1/3% of FAS for each month in excess of 20 years [total benefit not in excess of 50% of FAS]-entire benefit above less- 50% of primary Social Security benefit commencing at 62 Normal Service Retirement A member is eligible to retire for Service without reduction upon the completion of 22 years of uniformed service.

  • Health insurance benefit (32%) and Retirement pension benefit (21 %) to attract employees to prefer working there.

  • Any employee who ex- hausts SUB benefits under the and is eligi- ble to receive an Early Retirement pension benefit, excluding (a), will receive a special one (1) time severance payment of fifteen thou- sand dollars ($15,000).

  • Retirement pension benefit accounts of the Mutual Aid Associations of Local Public Service Personnel, etc.

  • Retirement pension benefit accounts of the Federation of National Public Service Personnel Mutual Aid Associations.

  • Since your Social Security benefit is a factor in the benefit formula, the Early Retirement pension benefit paid before age 65 is greater than it is after age 65, when Social Security benefits begin.

  • Its previous efforts to generate electricity from renewable energy sources was done under the instrumentality of the Renewable Energy White Paper and the Renewable Energy Feed-In Tariff (REFIT), this unfortunately suffered setbacks as a result of the lack of political support for their implementation.

Related to Retirement pension benefit

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

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Actuarial equivalent means a benefit of equal value when

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

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