Maximum Pension Sample Clauses

Maximum Pension. The maximum pension will be increased to the maximum permitted by the Income Tax Act and Regulations at the time and increased in accordance with the applicable indexing provisions of the Income Tax Act and Regulations or any other changes to the maximum benefits permitted by the Income Tax Act and Regulations as amended from time to time.
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Maximum Pension. Notwithstanding anything contained in the Plan to the contrary, the annual retirement benefit payable to a Participant in the Plan shall be subject to the limitations, adjustments and requirements set forth in Code Section 415 and the final regulations promulgated thereunder, which are incorporated herein by reference. In no event shall any annual retirement benefit exceeding the Code Section 415 limits be accrued, distributed or otherwise payable to any Participant in any form of benefit at any time. Effective January 1, 2004, the following provision is added to comply with the Pension Funding Equity Act of 2006:
Maximum Pension. The total basic monthly pension calculated in accordance with the provision of the Pension shall not exceed 111 2th of the lesser of a) and
Maximum Pension. The percent applicable to final average salary shall be seventy-five (75) percent with no Social Security offset.
Maximum Pension. (1) Subject to Section 8.3, the sum of a Member’s annual lifetime pension calculated pursuant to Section 8.1 and the Member’s annual bridge benefit calculated pursuant to Section 8.2 must not exceed 70% of A, excepting where additional pension is purchased in accordance with Section 17.3, where A = [(Pre-2016 Average Pensionable Earnings x Pensionable Service prior to 2016) + (Post-2015 Average Pensionable Earnings x Pensionable Service after 2015)] divided by total Pensionable Service.
Maximum Pension. Notwithstanding any provision of this Plan to the contrary, the Annual Pension that is accrued by or paid to a participant shall not exceed the Dollar Limitation set forth below. If the benefit the participant would otherwise accrue in a Limitation Year would produce an Annual Pension in excess of the Dollar Limitation, the benefit shall be limited to a benefit that does not exceed the Dollar Limitation.

Related to Maximum Pension

  • Minimum Pay Employees who work less than four (4) hours shall be paid for four (4) hours and if worked more than four (4) hours shall receive pay for the actual time worked unless they are working directly with Cement Masons, and they will receive eight (8) hours of pay if worked in excess of four (4) hours. If an employee leaves or quits of their own volition, they shall be paid for actual time worked at applicable straight and overtime rates. If a new hire is put to work and judged by the Employer to be unsatisfactory, that person shall be paid only for the actual time worked.

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions:

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Maximum Compensatory Time Employees may accumulate no more than one hundred and sixty (160) hours of compensatory time.

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