Examples of Benefit Commencement Date in a sentence
For purposes of this subsection (b) only, the Benefit Commencement Date of a Participant entitled to a Disability Pension shall be the first day such payments commence.
In addition, if the Participant dies after the Participant’s Benefit Commencement Date, the remaining interest under the annuity contract must be distributed at least as rapidly as under the method used as of the date of the Participant’s death.
The term “Qualified Joint and 50% Survivor Annuity” shall mean an annuity for the life of the Participant with a survivor annuity for the life of the spouse of the Participant to whom he is married at his Benefit Commencement Date, which is 50% of the amount of the annuity payable during the joint lives of the Participant and the Participant's spouse and which is the actuarial equivalent of a single life annuity for the life of the Participant.
If a Participant remarries prior to his Benefit Commencement Date, he may again designate his spouse as a Joint Annuitant prior to his Benefit Commencement Date.
No such beneficiary designation shall be valid if the Participant is married on his Benefit Commencement Date unless the spouse consents to such designation in accordance with the rules set forth in Article VI, Section 2(b).