When you apply to retire, you will input your anticipated termination date in step one when estimating your pension. Using miAccount, calculate your retirement effective date. If you input your anticipated retirement effective date into the termination date, miAccount will produce a pension effective date at least one month later than you anticipate. This could cause issues related to pension eligibility, and your insurance effective date just to name a few.
Before applying to retire, become familiar with these definitions:
Termination Date: In most cases this is the date the employee and the employer end their relationship; it's often your last day of work or paid leave. This can be any day or date in a month. Be aware, an employee on an approved leave of absence is considered terminated for retirement purposes on the date two years after the employer last reported service credit for the person.
Retirement Effective Date: This is the first day of the month following the month in which you have satisfied all eligibility requirements and terminated employment. There are 12 effective dates [Jan. 1, Feb. 1, March 1, etc.].
Things to know:
- We will confirm your termination date with your employer. As long as the date is in the same month, no harm is caused if the date you enter when applying to retire is different than when you actually terminated.
- You can select any day of a month to terminate your employment.
- Employment contracts and summer pay do not prohibit you from selecting a termination date.
- You must have a bona fide termination, meaning a complete severing of your employee-employer relationship, and you cannot have a promise of reemployment or a contract for future employment in place.
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Related to Actual Termination Date
Accrual Termination Date Not applicable.
Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.
Extended Termination Date has the meaning specified in Section 2.16[c].
Initial Termination Date has the meaning set forth in Section 8.2[a].
Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.
Lease Termination Date means the last day of the Lease Term.
Optional Termination Date The Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is equal to 10% or less of the Cut-off Date Pool Principal Balance.
Scheduled Termination Date means, with respect to a VRDP Shares Purchase Agreement for shares of a Series of VRDP Shares, the date that is 364 days from [and including] the Closing Date for shares of such Series, or any succeeding date to which the term of such VRDP Shares Purchase Agreement is extended pursuant to the terms thereof.
Accretion Termination Date As defined in the Series Supplement.
Outside Termination Date means September 30, 2017 [provided that, if a labor strike occurs or continues at either Airbus S.A.S., The Boeing Company or Embraer S.A. after the Issuance Date and on or prior to September 30, 2017, such date shall be extended by adding thereto the number of days that such strike continued in effect after the Issuance Date, but not more than 60 days and excluding any period of a strike at Airbus S.A.S., The Boeing Company or Embraer S.A. after all aircraft of such manufacturer shall have been financed hereunder].
Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.
Early Termination Date means the date determined in accordance with Section 6[a] or 6[b][iv].
Escrow Termination Date means the date that is eighteen [18] months following the Closing Date.
Facility Termination Date means the date as of which all of the following shall have occurred: [a] the Aggregate Commitments have terminated, [b] all Obligations have been paid in full [other than contingent indemnification obligations], and [c] all Letters of Credit have terminated or expired [other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made].
Loan Termination Date means the earliest to occur of the following: [i] as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 22, 2005; [ii] the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and [iii] the date BANK receives [a] notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and
Series Termination Date means the date designated as such in the Series Term Sheet.
Agreement Termination Date is defined in Section 7.4.
Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.
Event Termination Date See Section 2[e] hereof.
Availability Termination Date means, as to any Borrower, the earlier of [a] the Maturity Date for such Borrower and [b] the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8 or Section 8.1 hereof.
Standstill Termination Date means the earlier of [i] 90 days after the Board Designation Termination Date and [ii] the later of [A] the first anniversary of the date of this Agreement and [B] 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.
Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01[c] of this Agreement.
Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.
Termination Period means the period of time beginning with a Change in Control and ending two [2] years following such Change in Control. Notwithstanding anything in this Agreement to the contrary, if [i] Executive’s Employment is Terminated prior to a Change in Control for reasons that would have constituted a Qualifying Termination if they had occurred following a Change in Control; [ii] Executive reasonably demonstrates that such termination [or Good Reason event] was at the request of a Person who had indicated an intention or taken steps reasonably calculated to effect a Change in Control, or was otherwise made in connection with a Change in Control; and [iii] a Change in Control involving such third party or an Affiliate of such third party [or a party competing with such third party to effectuate a Change in Control] does occur, then for purposes of this Agreement, the date immediately prior to the date of such Termination of Employment or event constituting Good Reason shall be treated as a Change in Control. For purposes of determining the timing of payments and benefits to Executive under Section 4, the date of the actual Change in Control shall be treated as Executive’s Date of Termination under Section l[h].
Normal Termination means termination of employment or service with the Company and Affiliates:
Effective Termination Date has the meaning set forth in Section 10[b] hereof.