DIS » Topics » 4.2 Early Commencement of Retirement Income

These excerpts taken from the DIS 10-K filed Nov 20, 2008.

4.2 Early Commencement of Retirement Income

If payment of a Participant’s vested Retirement Income is to commence or be made before his Normal Retirement Date, the amount of his Retirement Income shall be equal to his vested Retirement Income determined under Plan section 4.1 as of his Normal Retirement Date reduced for early commencement in accordance with the early retirement reduction rules set forth in the portion of the Retirement Plan to which the benefits under the Plan relate or, where no such rules apply or where reductions to a lower age than specified in the Retirement Plan are necessary, on an Actuarially Equivalent basis.

4.2 Early Commencement of Retirement Income

If payment of a Participant’s vested Retirement Income is to commence or be made before his Normal Retirement Date, the amount of his Retirement
Income shall be equal to his vested Retirement Income determined under Plan section 4.1 as of his Normal Retirement Date reduced for early commencement in accordance with the early retirement reduction rules set forth in the portion of the
Retirement Plan to which the benefits under the Plan relate or, where no such rules apply or where reductions to a lower age than specified in the Retirement Plan are necessary, on an Actuarially Equivalent basis.

STYLE="margin-top:18px;margin-bottom:0px">4.3 Late Commencement of Retirement Income

If payment of a
Participant’s vested Retirement Income is to commence or be made after his Normal Retirement Date, the Participant’s Retirement Income shall be equal to the amount that would be payable under Plan section 4.1 if the Participant’s
Retirement Plan Benefit is determined as of the Benefit Calculation Date, instead of the Participant’s Normal Retirement Date.

 


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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Nov 20, 2008
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