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TYPES OF RETIREMENT BENEFITS When are Retirement Benefits payable under the Plan? Frequently Asked Questions

When are Retirement Benefits payable under the Plan?

The Plan provides the following types of benefits:

Normal Retirement Benefits are payable if you work until your Normal Retirement Date and start your benefits at that time. [Section V(B)]

Late Retirement Benefits are payable if you work beyond your Normal Retirement Date. [Section V(C)]

Early Retirement Benefits are payable if you start your benefits after reaching age 55 and before your Normal Retirement Date. [SectionV(D)]

Vested Deferred Retirement Benefits are payable if you stop working after becoming vested and retire at a later date. [Section V(F)]

Post-Normal Retirement Benefits are payable after Normal Retirement Date for credit you earn after you start receiving Benefits. [Section V(K)]

Disability Retirement Benefits are payable when you become totally and permanently disabled under Social Security, and if you meet certain conditions. [Section V(E)]

Death Benefits are payable to your surviving spouse or other Designated Beneficiary if you die before you begin receiving retirement benefits. [Section V(H)]