Deferred Retirement

The Plan has also been amended effective September 1, 2004, for those who will receive a deferred retirement benefit payment. This applies to individuals age 65 or older, who are no longer active participants and have not applied to begin receiving their pension payments. To account for the delayed receipt, their benefits will be actuarially increased at the time they elect to begin receiving them.

Full Issue: No. 167 - November 2004

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