Defined Benefit Plan definition

Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.
Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.
Defined Benefit Plan has the meaning ascribed to such term in Section 3(35) of ERISA.

Examples of Defined Benefit Plan in a sentence

  • An employee covered under the Florida Retirement System Defined Benefit Plan who retires with eight (8) years of service and elects to receive a state retirement check is eligible to participate in the retiree insurance program.

  • Employees hired on or after September 1, 2000 and prior to July 1, 2004 had a one-time irreversible election to join the Defined Contribution Plan in lieu of the Defined Benefit Plan.

  • Employees eligible for the Defined Benefit Plan shall contribute 5.9 percent of their pay to the Plan.


More Definitions of Defined Benefit Plan

Defined Benefit Plan means a defined benefit plan within the meaning of Section 3(35) of ERISA or Section 414(j) of the Code, whether funded or unfunded, qualified or non-qualified (whether or not subject to ERISA or the Code).
Defined Benefit Plan means a retirement program other than a defined contribution plan.
Defined Benefit Plan. A retirement plan which does not provide for individual accounts for Employer contributions. The Advisory Committee must treat all defined benefit plans (whether or not terminated) maintained by the Employer as a single plan.
Defined Benefit Plan means a Qualified Plan other than a Defined Contribution Plan.
Defined Benefit Plan means any Canadian Employee Benefit Plan which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).
Defined Benefit Plan means any Canadian Pension Plan which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada).
Defined Benefit Plan means each Plan which is a defined benefit plan as defined in Section 3(35) of ERISA or Section 414(j) of the Code.