Except as provided in paragraph # below (relating to disability pensions), all payments of Non-Grandfathered Plan Benefits shall commence on the first day of the month after the Employee’s Separation from Service or the Employee’s attainment of age 60, if later; provided, however, that if an Employee is a Specified Employee, payment of any Non-Grandfathered Plan Benefit shall not be made within the first six months following the Employee’s Separation from Service. In the event distribution to a Specified Employee is so delayed, payment of the Non-Grandfathered Plan Benefit shall begin on the first day of the seventh month following Separation from Service and the first such payment shall be increased to reflect the missed payments (with interest accumulated in accordance with Pension Board procedures).
Non-Grandfathered Plan Benefits. If the Employee is rehired after having commenced receiving his Supplementary Pension, and in accordance with the terms of the GE Pension Plan, the Employee would have had his pension therefrom suspended upon such re-employment, the Employee shall forfeit any benefits from this Plan attributable to his Non-Grandfathered Plan Benefit that would otherwise be payable during such re-employment. Upon the Employee’s subsequent Separation from Service:
If the Employee's Non-Grandfathered Plan Benefit is the same or has decreased, then:
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 Benefits. Notwithstanding the foregoing and any provision of the Plan to the contrary, for any severance-eligible separation which starts on a date prior to , if the severance payments as set forth above are less than severance payments an individual would have received under the Plan prior to the amendment or these changes, the prior severance payment formula based on the prior compensation structure shall apply.
Regardless of the initial form of payment for Non-Grandfathered Plan Benefits, the revocation feature provided in [Section IX.8] of the GE Pension Plan shall not apply to Non-Grandfathered Plan Benefits.
the definition of Non-Grandfathered Plan Benefit in Section ll(j) shall include all benefits earned under Part II.
if such subsequent Separation from Service is by reason of death, any survivor or death benefits attributable to such additional Non-Grandfathered Plan Benefit will be determined separately in accordance with this Plan’s pre-retirement death and survivor benefit provisions.
The terms of the Plan in effect on are attached as . applies to an Employee’s Grandfathered Benefits. To the extent that an Employee’s benefit under the Plan was earned and vested after , it is subject to the provisions of the Plan as amended and restated effective and any subsequent amendments and restatements of the Plan. The purpose of is to preserve the terms of the Plan that govern an Employee’s Grandfathered Benefits, and to prevent any Grandfathered Benefits from becoming subject to Section 409A of the Code. No amendment to the Plan, including this , which would constitute a “material modification” for purposes of [Section 409A],
For purposes of determining benefits under the Supplemental Plan (409A Non‑Grandfathered Component), any actuarial adjustments for a delay in the commencement of payment beyond the Normal Retirement Date or otherwise that apply under the Pension Plan in calculating the benefit described in (b), above, shall also apply to calculate the benefit described in (a), above.
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