Common use of Retired Employee Clause in Contracts

Retired Employee. (1) Any Retired Employee (Clergy or Lay) who was covered under the Plan as of the inception date of the Plan; and (2) Future Retirees who are either: (a) under age 65 and have been employed by a church, agency or institution of the Louisiana Conference, United Methodist Church for twenty or more years; or (b) employed by a church, agency or institution of the Louisiana Conference, United Methodist Church, and have attained age 62, regardless of years of service. (3) Lay Employees who are at least age 62, and under age 65, with at least five consecutive years of service with a church, agency or institution of the Louisiana Conference, United Methodist Church, and who was a Participant in the Plan for at least two years immediately preceding retirement.