Current benefit definition

Current benefit means the annual payment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordinance 104156. It takes into account any reductions based on options selected by the member under Section 4.36.260. It shall also mean payments of accumulated contributions made under Subsection 4.36.270 B, and payments received by a beneficiary as a result of an option selected under Section 4.36.260. It shall not include the cumulative cost of living adjustments provided for in Subsection 4.36.215 B1.
View Source
Current benefit means the benefit determined under the Retirement Plan's benefit formula, including any applicable Limitation on Benefits or Limitation on Compensation, which a person would be eligible to receive if he or she were to terminate employment on a specified date and elect to receive a benefit at the earliest date permitted under the provisions of the Retirement Plan.
View Source
Current benefit means the annual payment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordinance 104156. It takes into account any reductions based on options selected by the member under Section
View Source

Examples of Current benefit in a sentence

  • Prescription Drug Plan – Current benefit levels will be maintained subject to change under Section 20.3 of this Article, Benefits Committee.

  • Current benefit plans will be made available to a teacher while he/she is on an Extended Parental Leave subject to the teacher paying the full cost of these benefits.

  • Current benefit levels shall remain in effect, however, any new or existing benefits shall be modified to meet the specifications set forth.

  • Current benefit plans will be made available to an employee while he/she is on an Extended Parental Leave subject to the employee paying full cost of these benefits.

  • Current benefit plans will be made available to the teacher provided the teacher pays the full cost of the benefit premiums.

  • Current benefit programs available include the following, but may change from time to time.

  • Current benefit plans will be made available to the Teacher while he/she is on a Family Care Leave subject to the Teacher paying the full cost of these benefits.

  • Current benefit plans will be made available to a teacher while he/she is on a Family Care Leave subject to the teacher paying the full costs of these benefits.

  • Current benefit plans will be made available to an employee while is on an Extended Parental Leave subject to the employee paying full cost of these benefits.

  • Current benefit programs include medical, dental, short-term disability, long term disability, life insurance, FlexSpending and 401(k) retirement plan.


More Definitions of Current benefit

Current benefit means the annual pay- ment currently paid on behalf of a member. It includes, where applicable, the permanent benefit increase granted by Ordinance 99566 and Ordi- nance 104156. It takes into account any reductions based on options selected by the member under Section 4.36.260. It shall also mean payments of accumulated contributions made under Section
View Source

Related to Current benefit