Annuity Equivalent

Annuity Equivalent. The term "Annuity Equivalent" of a given benefit shall mean an Actuarial Equivalent benefit in the Normal Form determined as of Officer's Retirement Benefit commencement date and based on the statutory restrictions on qualified plan benefits (if applicable) as in effect on Officer's Termination Date. With respect to benefits under the G-P Retirement Plans which are based on investment performance, the Actuarial Equivalent calculation shall take into account such investment performance by (i)... with respect to benefits which have been distributed to Officer prior to his Termination Date, deeming the investment gain between the date of such distribution and December 31, 2001 to be the Periodic Adjustment Percentage under the Pension Plan as in effect from time to time during that period, and (ii) for purposes of Paragraph 4(c)(2), deeming the investment gain under any defined benefit plan for periods after Officer's Termination Date to age sixty-two (62) (if not attained at Officer's Termination Date ) to be the Periodic Adjustment Percentage for the Pension Plan as of Officer's Termination Date. View More