E.01 Retirement Benefits
b. Upon retirement at or after age 62 years or upon retirement at or
after the completion of 35 appointment years on or after...the
Personal Contributions Annuity. However, a Participant may elect to postpone
his/her retirement until the Late Retirement Date at which time, upon
application, the Participant shall receive a monthly retirement equal to the
sum of the following:
(1) the greater of
(A) such Participant's Service Annuity; or
(B) the actuarial equivalent of the Formula Benefit payable at the Normal Retirement Date; and
(2) if any, the Personal Contributions Annuity.
B.03 Late Retirement Date shall mean the first day of the month coinciding with or following the date the Participant retires at any conference session after the conference session held in the year in which the Participant turns age 65 on or before July 1.
General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn
Petition Text: 20714-FA-NonDis-O
1996 United Methodist General Conference