Defined Contribution definition

Defined Contribution plan fraction" - The sum, as of the close of the Limitation Year, of the Annual Additions to the Participant's Account under the defined contribution plan(s) -------------------------------------------------------------- The sum of the lesser of the following amounts determined for the Limitation Year and for each prior Year of Service with the Employer:(i) 125% (subject to the "100% limitation" in paragraph (l)) of the dollar limitation in effect under Code Section 415(c)(1)(A) for the Limitation Year (determined without regard to the special dollar limitations for employee stock ownership plans), or (ii) 35% of the Participant's Compensation for the Limitation Year

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Defined Contribution or “DC” means a common type of pension where contributions are held in investments until the holder reaches their chosen retirement age;

Defined Contribution. PLAN A Plan under which individual accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant's benefit under such Plan is based solely on the fair market value of his or her account balance.

Examples of Defined Contribution in a sentence

• This Adoption Agreement may be used only in conjunction with the Dreyfus Prototype Defined Contribution Plan, Basic Plan Document No. 01, and the Dreyfus Trust Agreement both as amended from time to time.

• The terms of the Plan and Trust are set forth in this Adoption Agreement and the applicable provisions of the Dreyfus Prototype Defined Contribution Plan, Basic Plan Document No. 01, and the Dreyfus Trust Agreement, both as amended from time to time, which are hereby adopted and incorporated herein by reference.

• The Fund will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform.

• For State Employees Defined Contribution Plan participants, it shall be 67 years old.

• If applicable, the Rules and Procedures Manual of the National Securities Clearing Corporation, as amended from time to time, including the rules and procedures applicable to the utilization of the Defined Contribution Clearing and Settlement System, Fund/SERV and NETWORKING, as amended from time to time, are hereby made a part of this agreement as if fully set forth herein and shall be a part of each processed transaction.

More Definitions of Defined Contribution

Defined Contribution. ’ means a contribution made to a retirement fund either by an employer, or an employee where the employee carries the investment risk and the benefits are paid based on the total contributions made plus interest;

Defined Contribution or “DC” means a pension that pays out a non-guaranteed and unspecified amount depending on the defined contributions made and the performance of investments.

Defined Contribution simply means that the government’s contribution to premiums is the same across all the health plans.

Defined Contribution means the amount that is contributed every month during your career into your retirement account will be the same percentage of your wage. The amount of funds you will have upon retirement depends on the market and how well you invest the dollars.

Defined Contribution has the meaning given to it in the Railways Arrangement" Pensions Scheme;

Defined Contribution. “DC,” or “DC Program” means the Defined Contribution Plan established under Article IV, or the Defined Contribution component of the Hybrid Plan established under Article V.

Defined Contribution. Plan Fraction" for a Participant for any Plan Year is a fraction - (i) The numerator of which is the sum of the Annual Additions to the Participant's account as of the close of such Plan Year, and (ii) The denominator of which is the sum of the lesser of the following amounts determined for such Plan Year and for each prior year of service with the Company and/or a Related Company: (A) the product of 1.25, multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for such Plan Year and for each prior year of service with the Company and/or a Related Company, or (B) the product of 1.4, multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code with respect to such Participant for such Plan Year.