Accrued Supplemental Pension, definition

Accrued Supplemental Pension,. Continuous Service" and "Compensation" shall have the respective meanings given to them under the Retirement Plan and the Supplemental Plan, except as the term "Continuous Service" shall be modified under the terms of the Nonqualified Arrangements).
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Accrued Supplemental Pension, means a Member’s accrued benefit under the Supplemental Plan.
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Examples of Accrued Supplemental Pension, in a sentence

  • The Accrued Supplemental Pension as of December 31, 1988, determined under the terms of the Duquesne Supplemental Plan then in effect.

  • The excess of the annual amount of his Accrued Supplemental Pension under the Duquesne Supplemental Plan computed as if he terminated employment on his Transfer Date under the terms of the Duquesne Supplemental Plan then in effect and without regard to any changes madeSD-4to the Duquesne Supplemental Plan, either retroactively or prospectively, after his Transfer Date over his Frozen Basic Benefit.SD1.11 F uture Service Compensation.

  • The Accrued Supplemental Pension Benefit of any such Participant shall be determined as of the date he ceased accruing benefits.

  • The Participant may elect not to receive the lump sum payment described in 2(b)(i)(A), and to have his entire Accrued Supplemental Pension Benefit paid as a single-life annuity.

  • The Plan Benefit of each Member shall be (a) the Member’s Accrued Supplemental Pension under the Supplemental Plan calculated without regard to the Statutory Limits and as if the Member’s total years of Credited Service thereunder equaled his or her Years of Plan Service under Section 5.01 minus (b) the benefit actually payable to the Member from the Pension Plans.

  • The excess of the annual amount of his Accrued Supplemental Pension under the Duquesne Supplemental Plan computed as if he terminated employment on his Transfer Date under the terms of the Duquesne Supplemental Plan then in effect and without regard to any changes madeSD-4to the Duquesne Supplemental Plan, either retroactively or prospectively, after his Transfer Date over his Frozen Basic Benefit.SD1.11 Future Service Compensation.

  • Notwithstanding the preceding provisions of this Section 2, if, as of his Payment Date, the present value of a Participant's Accrued Supplemental Pension Benefit is equal to or less than ten thousand dollars ($10,000), the Committee may distribute it in a lump 9 sum payment.

  • If the Participant is married at the time of his death and his spouse survives him, his spouse shall be entitled to a life annuity, determined as though the Participant had separated from service on his date of death, survived until the earliest retirement age provided for in the Plan, retired, and elected payment of Part 2 of his Accrued Supplemental Pension Benefit as an immediate joint and fifty percent (50%) survivor annuity on the day before his death.

Related to Accrued Supplemental Pension,

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Termination Benefit means the benefit set forth in Article 7.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Actuarial equivalent means a benefit of equal value when

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Disability Benefit means the benefit set forth in Article 8.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;