Basic Pension definition

Basic Pension means the annuity derived from normal contributions of members; the pension derived from matching contributions of the City and the pension for prior service, if any.
Basic Pension means the Basic Pension as described in Section 6.01.
Basic Pension means the retirement pension to which a Staff Member is entitled on cessation of his service at the Bureau, or, if he dies whilst in service, the pension to which he would have been entitled had he been of retiring age at the date of death.

Examples of Basic Pension in a sentence

  • The following points need special attention.Table 3 Opinions Regarding Basic Pension Benefit Levels First is whether we should identify a standard level of relief allowance for some model house- hold, and compare that with the basic pension.

  • Explanations invoking safety nets and income redistribution schemes have yet to clarify how the basic pension would differ from minimum living standards.)Table 4 Approaches to Basic Pension Payment Stance For example, selective benefits can become almost indistinguishable from relief allowances (the living assistance portion paid to elderly households), which are paid based on criteria such as a means test.


More Definitions of Basic Pension

Basic Pension. (hereinafter “Basic Pension”) means a Pension paid by the Pension Administration to all persons habitually residing in Kosovo and who have reached Pension Age.
Basic Pension means the annual lifetime pension which the Participant would otherwise be entitled to receive from time to time pursuant to any Qualified Pension Plan, in regards to the period of Credited Service recognized for purposes of this SERP or that would be so recognized for purposes of this SERP in absence of the 35 year limit on Credited Service as per Section 2.08, but limited to the period of Credited Service actually recognized in the Qualified Pension Plan. It shall be assumed that such annual pension is payable from the same date as supplementary benefits commence to be paid under this SERP and is calculated on the basis of the following assumptions:
Basic Pension means the monthly benefit payable under the provisions of Section 4.l hereof.
Basic Pension means the annual pension which would be payable to a Member if the following Rules did not apply: Rule 8 (Other Choices for Early Leavers), Rule 10A (General), Rule 12B (GMP Increase), Rule 12C (State Graduated
Basic Pension means the Basic Pension as defined in the Prior Plan calculated in accordance with the formula set out in Article 6.1.2.1 hereunder.
Basic Pension means the amount of normal pension accrued under this Plan, excluding pensions relating to Voluntary Contributions, Money Purchase Accounts and Transfer Credits, as further defined in Article 9 (Calculation of Normal Pensions).
Basic Pension means the Basic Pension as de- scribed in Section