Examples of Retirement Plan Benefit in a sentence
Retirement Plan Benefit Reductions If Paid Prior to Age 65The benefits paid under the 2009 Benefit Formula will be reduced by 5% of compound interest for each year that the benefits are paid before the participant reaches age 65.
O P E R AT I O N O F T H E R E T I R E M E N T P L A N Basic Financial Objective and Operation of the Retirement Plan Benefit Promises Made Which Must Be Paid For.
Seniority On or After June 1, 2008 In lieu of the Labatt Retirement Plan Benefit referenced in paragraphs 1-18 above employees who achieve seniority on or after June 1, 2008 will participate in a Defined Contribution Pension Plan on the following basis: Between June 1, 2008 and December 31, 2015: 5% of earnings mandatory contribution from each of the Company and the employee.
The interpretation of the Plan Administrator of the provisions of the Retirement Plan is the final authority.REFER TO THE APPENDIX THAT APPLIES TO YOU FOR INFORMATION ON THE FOLLOWING:• How the Retirement Plan and Matchmaker Plan Work Together (if applicable to you)• Eligibility• Retirement Plan Benefit Calculation FACTORS AFFECTING YOUR BENEFITContinuous Service was used to determine your eligibility to become a Retirement Plan participant and your vested right to a benefit from the Retirement Plan.
The Special Early Retirement Plan Benefit allows you to retire now with enhanced retirement payments.