benefit fund definition

benefit fund in relation to a society, means a fund established by the society in accordance with Part 4A;

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benefit fund means a fund as defined in section 419(e) of the Code which provides post-retirement medical benefits allocated to separate accounts for key employees as defined in section 419A(d)(3).

benefit fund means a fund that has been or is to be established by the Society to provide benefits in accordance with its Constitution;

Examples of benefit fund in a sentence

The Cash Benefit Fund will be distributed to Settlement Class Members in accordance with the terms of this Agreement.
In the future, if licensed employees experience alone is used to determine premium, the SEA Insurance Benefit Fund will be reinstated as described.
The parties agree to maintain current benefit levels for vision care (optical) and dental insurance through the CSEA Employee Benefit Fund.
An employee receiving Workers' Compensation payments for a period of disability shall be treated as though on the payroll for the length of the disability not to exceed 12 months per injury for the sole purposes of accruing seniority, continuous service, health insurance and Employee Benefit Fund contributions normally made by the Corporation, accrual of vacation and sick leave, and personal leave.
The SEA and the District agree to suspend the Insurance Benefit Fund described below during the period in which the experience of licensed employees is pooled with experience from classified employees and administrative confidential employees.

More Definitions of benefit fund

benefit fund means a fund, or a combined benefit fund, established by a friendly society to enable a contributor to the fund, or a dependant of a contributor—

benefit fund means a fund registered or provisionally registered as a provident fund under the Pension and Provident Funds Act [Chapter 24:09];

benefit fund means a health benefit fund administered by the Company under the provisions of the Private Health Insurance Legislation;

benefit fund has the meaning assigned to this term in section 47 of the Income Tax Ordinance.

benefit fund means any fund (other than a pension fund, provident fund or retirement annuity fund) which, in respect of the year of assessment in question, the Commissioner is satisfied is a permanent fund bona fide established for the purpose of providing for sickness, accident or unemployment benefits for its members or for providing benefits for the widow, children, dependents or nominees of deceased members and includes any fund which would, but for the fact that it does not provide for payment of annuities on the retirement of its members, be approved under the definition of "pension fund" in this section.

benefit fund shall have the meaning set forth in Section 2.3(a).

benefit fund contributions specified above shall be designated for distribution among the Health and Welfare Fund, the Defined Benefit Retirement Plan provided for in SECTION 19.1 below, and the Defined Contribution Retirement Plan provided for in SECTION 19.2 below, as determined by decision of the Board of Trustees. In the event that the "Benefit Fund" contributions are designated for distribution to the Defined Benefit Retirement Plan and/or the Defined Contribution Retirement Plan, it is understood that the contribution amounts specified in this paragraph equate to twenty cents ($.20) per hour for full-time employees and fifteen ($.15) per hour for part-time employees. Notwithstanding the foregoing, it is agreed that, in the event that an actuarial analysis of the Health and Welfare Fund to be completed prior to the third year of the contract term (i.e., prior to March 7, 2004) should project that Health and Welfare Fund reserves will fall below the seven (7) month level at any time during the remainder of the contract term, then the amounts specified above as "Benefit Fund" contributions during the third year shall be designated for contribution exclusively to the Health and Welfare Fund to the full extent