Examples of Social Security Retirement Age in a sentence
The amount of the offset shall not exceed the maximum offset otherwise allowable prior to Plan Years beginning in 1989 (determined in accordance with paragraph (1), if applicable), reduced by 1/15 for each of the first five years and 1/30 for each of the next five years by which the starting date of such benefit precedes the Social Security Retirement Age of the Participant, and reduced actuarially for each additional year thereafter.
Except as provided in (d) below, if a benefit payable to an Employee under an integrated plan commences at an age before the Employee's Social Security Retirement Age (including a benefit payable at the Normal Retirement Age under the Plan), the maximum excess or offset allowance shall be reduced (if necessary) in accordance with Subsection (c).
Table I provides the adjustments in the 0.75-percent factor in the maximum excess or offset allowance applicable to benefits commencing on or after age 55 and on or before age 70 to an Employee who has a Social Security Retirement Age of 65, 66, or 67.
A disability benefit, other than a qualified disability benefit, commencing before a Participant's Social Security Retirement Age will be treated as a benefit subject to the limitations of this Section.
The COLA will be delayed until the later of the Social Security Retirement Age or three years after retirement.