Pension Plan Summary Plan Description
8.2 Delayed Normal Pension with no Retroactive Effective Date
You may elect to delay the commencement of your Normal Pension until as late as April 1 of the year in which you attain age 73 or retire, whichever is later. You may also continue to earn additional benefits after Normal Retirement Age. If you delay the commencement of your pension beyond Normal Retirement Age, your monthly pension amount will be increased so that the actuarial value of the monthly payments expected to be paid over your remaining life expectancy is no less than the actuarial value of the monthly payments that would have been paid to you had you begun your pension at Normal Retirement Age, except that your monthly benefit will be reduced by the actuarial value of any prior monthly payments that would have been suspended by the Prohibited Employment rule based on a single life annuity at Normal Retirement Age.