Example ContractsClausesgrandfathered retirementVariants
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Grandfathered Plan Benefits. Payment of Supplementary Pensions provided for herein which are attributable to Grandfathered Plan Benefits shall be in the same form and commence as of the same date as distribution is made pursuant to the Participant’s election under the GE Pension Plan (subject to the special rule in Section III(b) of this Plan for Employees over age 70-½).

Grandfathered Plan Benefits. PaymentIf the Employee’s pension under the GE Pension Plan is suspended or may not commence for any month in accordance with the re-employment provisions of that plan, the Employee’s Supplementary Pensions provided for herein which arePension attributable to Grandfathered Plan Benefits that would otherwise be payable during such re-employment shall be forfeited under this Plan. For this purpose, any addition to the Employee’s Supplementary Pension which he may earn hereunder following such re-employment shall not cause such Grandfathered Plan Benefits to be reclassified as Non-Grandfathered Plan Benefits. Upon the Employee’s subsequent Separation from Service, the Employee’s original distribution election, if any, with respect to such original Grandfathered Plan Benefits shall be disregarded and such original Grandfathered Plan Benefit (adjusted for any additional accrual or reduction) will be paid in accordance with the same form and commence asterms of the same date as distributionPlan in effect at the time of such subsequent Separation from Service applicable to Non-Grandfathered Plan Benefits. If such subsequent Separation from Service is made pursuantby reason of death, any survivor or death benefits attributable to the Participant’such original Grandfathered Plan Benefits (as so adjusted) will be determined in accordance with this Plan’s election under the GE Pensionpre-retirement death and survivor benefit provisions then applicable to Non-Grandfathered Plan (subjectBenefits. The preceding two sentences shall not apply to the special rule in Section III(b) of this Plan for Employees over age 70-½).Grandfathered Specified Employees.

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