Basic Pension Benefit definition

Basic Pension Benefit means the normal form of pension benefit payable at the Executive's Normal Retirement Date under the Basic Pension Plan and funded by the Company, and shall include the amount of any portion of the pension benefit earned by the Executive which has been assigned to or is required to be held for the benefit of the Spouse or former Spouse of the Executive. •
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Basic Pension Benefit means the normal form of pension benefit, if any, payable to the Executive at the Executive's retirement date under the Basic Pension Plan and funded by the Company, and shall include the amount of any portion of the pension benefit earned by the Executive which has been assigned to or is required to be held for the benefit of the Spouse or former Spouse of the Executive.
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Basic Pension Benefit means the monthly benefit to be paid to a Participant from the Pension Plan.
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Examples of Basic Pension Benefit in a sentence

  • A borderline result is found for the AV and PR metrics, where the C.I. for SEC is only marginally crossing 1.

  • Effective June the Basic Pension Benefit Rate will increase from per month per year of Credited Service to per month per year of Credited Service.

  • Effective June the Basic Pension Benefit Rate will increase from per month per year ofCredited Service to per month per year of Service.

  • Basic Pension Benefit Levels are as follows: Date You RetireBasic Monthly Benefit Rate Assembler/ CustodianOtherSkilled TradesAug.

  • Until age 65, the Early Retirement Benefits payable here- under shall be an amount equal to the Basic Pension Benefit that would have been payable at age 65 under the Salaried Plan, as described in Article 5 of the Salaried Plan, (before reduction to reflect any retirement option selected by the Executive Officer pursuant to the Salaried Plan) without reduction on account of early retirement.

  • Basic Pension Benefit Formula.......................................

  • The present reading utilizes a non possibility sample method so as to be expediency example.

  • ATable 2—Projection Scale AA for HealthyMALE PARTICIPANTS—Continued29 CFR Ch. XL (7–1–16 Edition)Table 2—Projection Scale AA for HealthyMALE PARTICIPANTS—Continued Table 3—Mortality Table for Healthy Female Participants[94 GAM Basic] Pension Benefit Guaranty Corporation Pt. 4044, App.

  • The OJEU contract notice provided that the contract for partnering services could be for 10-15 years.

  • Upon the Retirement of a Participant, as provided under the Pension Plan, such Participant shall be entitled to a monthly benefit equal in amount to his Unrestricted Pension Benefit less the Basic Pension Benefit.

Related to Basic Pension Benefit

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

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

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

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

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

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

  • 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.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

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

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • 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;

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

  • 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.

  • 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.

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

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

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

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

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

  • 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).

  • 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).

  • Actuarial equivalent means a benefit of equal value when

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

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • 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.