Examples of Death Benefit Earnings in a sentence
If the oldest Owner, or the Annuitant if the Owner is a non-living person, is between the ages of 66 and 75 on the Rider Date, the Enhanced Earnings Death Benefit will be: o 20% of the lesser of 200% of In-Force Premium (excluding purchase payments made in the twelve month period immediately preceding the death of the Owner) or Death Benefit Earnings, calculated as of the date we receive due proof of death.
If the oldest Owner, or the Annuitant if the Owner is a non-living person, is between the ages of 56 and 65 on the Rider Date, the Enhanced Earnings Death Benefit will be: o 30% of the lesser of 200% of In-Force Premium (excluding purchase payments made in the twelve month period immediately preceding the death of the Owner) or Death Benefit Earnings, calculated as of the date we receive due proof of death.
Under this rider, if the oldest Owner, or the Annuitant if the Owner is a non-living person, is age 55 or younger on the Rider Date, the Enhanced Earnings Death Benefit will be: o 40% of the lesser of 200% of In-Force Premium (excluding purchase payments made in the twelve month period immediately preceding the death of the Owner) or Death Benefit Earnings, calculated as of the date we receive due proof of death.
This suggests that these elements are also crucial for the efficient use and allocation of oil.
Ms. Evans, Vice Chair, shared that Wrap Around and Census presentations are still being finalized.
Death Benefit Earnings shall mean the total of Church’s base pay and cash incentive compensation for the full Avnet fiscal year ending on the day of or preceding Church’s death.
For example, the Death Benefit Earnings used to calculate the death benefit should Church die during (but before the last day of) Avnet’s fiscal year ending in 2005 (July 4, 2004 — July 2, 2005) is the total of his base pay and cash incentive earned (accrued not paid) during Avnet’s fiscal year ending on July 3, 2004.
However, the Member shall not be entitled under Rule D4 to a refund of the contributions he would have made had he not been a Reduced Salary Member.B5.2 The "Reference Earnings", the "Reference Death Benefit Earnings", and the "Reference Pay" of a Reduced Salary Member are, respectively, the Earnings, the Death Benefit Earnings, and the Pay which the Employer reasonably determines the Reduced Salary Member would have had if he had not been a Reduced Salary Member.
It will also set out which elements of the pension will be increased and by what indexation method once in payment.Did you know?Core life cover is provided at no cost to youYou can normally increase your level of life cover in steps of 1 x Death Benefit Earnings at each flexible benefits enrolment window.
The death benefit will be based upon the Church’s Death Benefit Earnings (as defined herein).