Service retirement benefit definition

Service retirement benefit means the retirement benefit that the member may receive at normal
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Service retirement benefit means a retirement benefit which is determined on the basis of the member’s age and years of credited service.
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Examples of Service retirement benefit in a sentence

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare: • any prior Public Service employment, or• any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or• any existing remuneration from any other Public Service employment, or• any such employment in which they received a payment-in-lieu of pension for that service.

  • Under Plan A or Plan B, any Member having at least twenty (20) years of Service may retire and receive a Service retirement benefit.

  • At such time the Member attains age fifty-five (55), the Disability benefit shall be recomputed in the same manner as a Service retirement benefit which would have been received had the Member been continuously in Service in the grade occupied at date absence on account of Disability began, subject to periodic Salary changes in such grade.

  • It can thus be seen that the Ottomans themselves in no way deemed that the entity of Qatar was limited to the city of Doha and its immediate surroundings as Bahrain contends.

  • The Member must be eligible to receive a Service retirement benefit on the effective backward DROP date.

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare:  any prior Public Service employment, or any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or any existing remuneration from any other Public Service employment, or any such employment in which they received a payment-in-lieu of pension for that service.

  • In the event the disability retirement benefit is less than the Service retirement benefit being received, the Member shall have the right to withdraw his/her disability retirement application.

  • Your Past Service retirement benefit is equal to $13.00 per month times your number of years credited Past Service to a maximum of 10 years.Union Members:If you were a member in good standing with Local Union 488 on May 1st, 1991 the amount of your Past Service retirement benefit was increased by 10%.Associate Members:If you were employed by a participating employer on May 1st, 1991 the amount of your Past Service retirement benefit was increased by 10%.

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare:• any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or• any existing remuneration from any other Public Service employment, or• any such employment in which they received a payment-in-lieu of pension for that service.

  • Your retirement benefit is equal to the sum of your Past Service retirement benefit and your Membership Service retirement benefit.

Related to Service retirement benefit

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).