Base benefit definition
Base benefit means an amount equal to one and fifty-five hundredths of one (1.55) percent of a Participant’s Final Average Compensation multiplied by the Participant’s Years of Benefit Accrual Service.
Base benefit means the amount payable on the effective date of a benefit or the effective date of any subsequent reselection of plan of payment and does not include any benefit adjustments granted by statute after retirement.
Base benefit means the initial benefit for a benefit which becomes effective after March 1, 1993 MARCH 1, 2000. For a benefit which became effective on or before March 1, 1993 MARCH 1, 2000, "base benefit" means the total benefit payable as of February 28, 1994 FEBRUARY 28, 2001, including the sum of the initial benefit, accumulated annual increases, and cost of living increases.
Examples of Base benefit in a sentence
Base benefit is 66 2/3% of the Nurse’s straight-time rate at the time of disability based on work classification, including shift differential, if applicable.
Base benefit percentage and excess benefit percentage (complete a., b.
Base benefit is 60% of the Nurse’s straight-time rate at the time of disability based on work classification, including shift differential, if applicable.
More Definitions of Base benefit
Base benefit means that portion of a Participant's Residual Annuity Benefit derived from the portion of the benefit formula that applies to all of the Participant's Covered Compensation.
Base benefit means an amount equal to the Executive’s Final Average Compensation multiplied by a percentage equal to the sum of:
Base benefit means the initial benefit for a benefit which
Base benefit means an amount equal to the NYSE Participant’s Final Average Compensation multiplied by a percentage that is equal to the sum of:
Base benefit means the initial benefit for a benefit which THAT becomes effective after March 1, 2000 MARCH 1, 2009. For a benefit which THAT became effective on or before March 1, 2000 MARCH 1, 2009,
Base benefit means the amount payable to an Eligible Employee pursuant to Plan Section 5.1 or 5.3 as applicable.
Base benefit means the benefit determined in accordance with the formula for Retirement Contribution Credits to your Retirement Account, provided, however that effective on or after September 1, 2013, credits shall be instead determined in accordance with the service formula under the Presence Health Retirement Savings Plan, as it applies to employees who are not grandfathered participants.