Annual Pension definition

Annual Pension means the sum of all annual benefits, payable in the form of a straight life annuity. Benefits payable in any other form shall be adjusted to the larger of:
Annual Pension means the benefits received by a participant under this Plan expressed in the form of a straight life annuity. In determining whether benefits payable exceed the Dollar Limitation set forth below, benefits payable in any form other than a straight life annuity shall be adjusted to the larger of:
Annual Pension means, with respect to a Participant, the amount of the Participant's pension, expressed as an annual benefit for the Participant's lifetime.

Examples of Annual Pension in a sentence

  • The report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Cost The contribution requirements of plan members for PERF are established by the Board of Trustees of PERF.

  • That report may be obtained by contacting: Indiana Public Retirement System One North Capitol, Suite 001 Indianapolis, IN 46204Ph. (888) 526-1687 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of INPRS.

  • That report may be obtained by contacting: Teachers' Retirement Fund 150 West Market Street Indianapolis, IN 46204Ph. (317) 232-3860 Funding Policy and Annual Pension Costs The School Corporation contributes the employer's share to TRF for certified employees employed under a federally funded program and all the certified employees hired after July 1, 1995.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the 1925 Police Officers' Pension Plan are established by state statute.

  • That report may be obtained by contacting: Indiana Public Retirement System 1 North Capital Street, Suite 001Indianapolis, IN 46204Ph. (888) 526-1687 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of INPRS.

  • That report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Cost The contribution requirements of the plan members for PERF are established by the Board of Trustees of PERF.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the County Police Retirement Plan are established by state statute.

  • That report may be obtained by contacting: Teachers' Retirement Fund 150 West Market Street Indianapolis, IN 46204Ph. (317) 232-3860 Funding Policy and Annual Pension Costs The School Corporation contributes the employer's share to TRF for certified employees em- ployed under a federally funded program and all the certified employees hired after July 1, 1995.

  • That report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800143 West Market Street Indianapolis, IN 46204Ph. (317) 233-4162 Funding Policy and Annual Pension Costs Plan members are required to contribute 6% of the first-class police officers' and firefighters' salary and the City is to contribute at an actuarially determined rate.

  • Funding Policy and Annual Pension Cost The contribution requirements of plan members for the County Police Benefit Plan are estab- lished by state statute.


More Definitions of Annual Pension

Annual Pension. A member may elect either to: commence receiving pension payments on his normal retirement date, in which event his pensionwill be calculated based on earn- ings and service to his normal retirementdate, or commence receiving pension payments on his actual retirementdate, in which event his pensionwill be calculated based on earnings and service to his normal retirement date increased by for each month by which retirementis postponed. Where the benefit is prescribed by provincial regulations, the benefitwill not be less than that prescribed.
Annual Pension means the sum of all annual benefits payable in the form of a single life annuity or qualified joint and survivor annuity from all defined benefit plans (whether or not terminated) maintained by the Employer. Benefits payable in any other form shall be adjusted to the larger of:
Annual Pension means the sum of all annual benefits, payable in
Annual Pension for each eligible member means the pension percentage multiplied by the vesting percentage multiplied by the final average annual compensation, as applicable to the member:

Related to Annual Pension

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

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

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

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

  • Actuarial equivalent means a benefit of equal value when

  • 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;

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • 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.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

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

  • 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.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • 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.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Final Average Compensation means the average annual

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

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

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

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Plan Year means the calendar year.

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

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

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